News 

NRA tax filing: Embattled CEO earned about $2 mil last year

“The tax filings come as the NRA faces investigations in New York and Washington, D.C., that threaten its nonprofit status” writes The Associated Press for seattletimes.com. The tax filings were not yet publicly available, but news reports in The Wall Street Journal and The Washington Post cited the documents.According to the filings, known as 990s, longtime NRA CEO Wayne LaPierre’s total compensation rose to more than $2 million.The latest tax filing shows that the NRA ended 2018 with a $2.7 million shortfall.The National Rifle Association’s embattled top executive earned about…

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Canopy paid more in stock-based compensation in Q2 than it generated in revenue: MKM

“CGC, -3.90% WEED, -3.82% paid more in share-based compensation in its fiscal second quarter than it generated in revenue, MKM analyst Bill Kirk wrote Thursday” writes Ciara Linnane for marketwatch.com. “Separately, General & Administrative costs (C$87.9mn) were also greater than period revenue,” Kirk wrote in a note to clients following the Canadian cannabis company’s earnings.The company had a C$32.7 million adjustment to revenue that was related to returns and pricing adjustments mostly due to oils and softgels. Source: marketwatch.com

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Boeing CEO says he will forgo ‘tens of millions of dollars’ in compensation

“WASHINGTON (Reuters) – Boeing Co chief executive Dennis Muilenburg said Wednesday he will forgo “tens of millions of dollars” in compensation after asking board to waive bonuses on Saturday” writes Midwest Communications Inc for 95kqds.com. Boeing chairman Dave Calhoun said Tuesday Muilenburg had asked not to receive any bonuses for 2019 or equity grants and not to receive any new equity grants until the 737 MAX has returned to service in its entirety, which might not happen until early 2021. Source: 95kqds.com

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NWSL players will make more money in 2020 thanks to new compensation guidelines

“The entire breakdown of the NWSL 2020 compensation guidelines can be found here” writes Rachel Hinton for suntimes.com. Guidelines to receive allocation money (must meet one or more): Another significant change was in the area of players housing.The most significant change might be the introduction of allocation money in 2020 which would allow NWSL teams to offer competitive pay to star players like Sam Kerr.The NWSL announced significant improvements to the compensation guidelines for the 2020 season. Source: suntimes.com

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NWSL announces major changes to player compensation

“The headline takeaway is a $300,000 allowance in allocation money that can be purchased by any team directly from the league” writes Tyler Nguyen for stumptownfooty.com. Ideally adding tradeable allocation money, more teams will be able to convince recalcitrant teams to do a deal.Contracts eligible for allocation money buy downs are restricted by a set of criteria that are pretty broad but have some odd exceptions.The NWSL announced the rumored changes to their compensation guidelines in a post on the league website today, and they’re every bit as big as…

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Crypto News 

Aliant to Pay Part of Employees’ Compensation Packages in Bitcoin

“United States merchant services provider and payment processing firm Aliant Payments will be paying each of its employees part of their compensation package in cryptocurrency” writes Marie Huillet for cointelegraph.com. Meanwhile, workplace initiatives to drive crypto adoption among employees include the recent move by Big Four audit firm Deloitte to enable staff to pay for canteen purchases using a mobile Bitcoin wallet.In a press release on Oct. 16, Aliant said that the offer reflected a desire that employees become invested customers in the shift to digital currency.Aliant launched its crypto…

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Casino giant settles Vegas shooting lawsuits for up to $800M

“An independent administrator will be appointed by a court to dole out money from the settlement fund, attorneys and MGM said” reports thebusinessjournal.com. The settlement creates the third-largest victims compensation fund in U.S. history, according to a claims administrator who has doled out money in major attacks and disasters.They expect to wrap up the work by late next year, a timeline that Feinberg called “very realistic.” MGM’s insurers will put a minimum of $735 million into the settlement fund. Source: thebusinessjournal.com

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South Carolina lawmakers plan to file bill proposing financial compensation of college athletes

“The movement to pay college athletes was further legitimized this week when California lawmakers approved Senate Bill 206, also known as the Fair Pay to Play Act” writes Jake Russell Has for washingtonpost.com. Now, South Carolina lawmakers are looking to follow the lead of their Golden State counterparts. Source: washingtonpost.com

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UK Financial Services Compensation Scheme accepts claims against Organic Investment Management

“The UK Financial Services Compensation Scheme (FSCS) is accepting claims against Organic Investment Management Ltd, which was an investment management firm that offered discretionary fund management services” reports financefeeds.com. The Scheme says it understands that customers have alleged the firm’s administration of its discretionary fund management services risked causing customer harm due to its portfolios’ exposure to illiquid and high-risk assets. Let’s recall that, according to FSCS’s 2018/19 Annual Report, the Scheme paid a total of £473 million in compensation to 425,760 customers of failed firms during 2018/19.For this to…

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Let’s retire the phrase ‘mandatory buybacks’ — the proper term is gun confiscation

“Some would argue that because the government would offer some compensation to gun owners, it would not qualify as confiscation” reports washingtonexaminer.com. They like to refer to their proposals by using the euphemism “mandatory buybacks,” but the rest of us should not follow suit.The government would take all the guns regardless of whether owners want to sell them, and provide whatever compensation officials deem fair.If Democrats were to take guns, they would be seizing private property and having the government take possession, consistent with these definitions. Source: washingtonexaminer.com

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