Equifax became the poster child for cybersecurity disasters when hackers breached its systems in 2017, exposing the Social Security numbers of 146 million people, about half the U.S. population. Not only did its CEO and senior executives lose their jobs, the company paid a settlement with multiple agencies as high as $700 million.
Accounting missteps can reverberate throughout an organization. Mike Shmerling, chairman of Clearbrook Holdings, and Tony Klaich, Managing Partner at Crowe, discuss ways senior leadership can prevent mayhem.
December 11, 2019 M&A
Al Dominick speaks with Tom Michaud, President and CEO of Keefe, Bruyette & Woods, about emerging financial trends to get a fresh perspective on the state of banking in the United States.
Global trade wars are ramping up their damage to global economies, and it’s not just the tensions between the U.S. and China that are to blame.
In an August tweet, President Donald Trump said that, “our great American companies are hereby ordered to immediately start looking for an alternative to China,” adding that those companies would be better off without China. But despite all the rhetoric, American companies are hard pressed to ignore China’s 1.4 billion consumers.
In almost every crisis, it’s not entirely clear whom to blame. But customers and the public are quick to assign blame anyway, complicating efforts to conduct a proper investigation and publish the results.
Facebook has become the perfect example of a company in crisis. It has also changed the way companies approach crisis communications. We take a look at how to respond to crisis in the modern age.
A scan of recent headlines is a reminder that CEO succession is not always a well-orchestrated victory lap for the departing CEO.
Companies that undergo an internal investigation must juggle multiple issues, including the possibility of conflicts of interest jeopardizing the investigation. Nissan Motor Co. is one company that has had to struggle with those issues.
Public companies face real scrutiny when it comes to how they compensate their senior teams. In this edition of Looking Ahead, Matt Stinner, Managing Director of Semler Brossy Consulting Group, and Marc Treviño, Partner at Sullivan & Cromwell, discuss elements that can contribute to a compensation crisis.