FEI Weekly

April 8, 2019

2 tips for early-career women, no one hires CDOs anymore, and Trump wants the Fed to cut rates.

'Put Your Reasonableness Pants On'

TechCrunch

Tesla, Elon Musk and the SEC have two weeks to work out their differences and come to a new resolution, a U.S. judge said Thursday at the conclusion of a hearing held to determine whether the automaker’s CEO should be held in contempt for his Twitter use. Judge Alison Nathan shared that she has "serious concerns" that her ruling won't resolve the controversy. "My call to action is for everyone to take a deep breath, put your reasonableness pants on and work this out."

Trump Calls for Fed to Drop Rates

Bloomberg

“The Fed should drop rates,’’ President Trump told reporters on Friday after the government reported a larger-than-expected jump in payrolls for March. “They really slowed us down. There’s no inflation.’’ Monetary policy makers have been surprised by how tame inflation has been and have cited “muted’’ price pressures as a reason why they can afford to be patient in deciding their next move, after four rate increases in 2018.

Why No One Hires CDOs Anymore

Quartz

According to PwC’s strategy consulting group, the rate at which companies have been creating positions for a chief digital officer, or CDO, has slowed to a trickle. The reason is not, however, because companies overestimated the value of becoming digitally fluent. It’s because, these days, that job is the responsibility of the entire organization.

Ex-Roadrunner CFO Charged in $245M Fraud

CFO

The former CFO of Roadrunner Transportation Systems has been charged with using “cushion” accounting and other deceptive accounting methods to manipulate the trucking company’s earnings so it could meet Wall Street estimates. Peter Armbruster and two former Roadrunner controllers used deceptive accounting to hide “significant expenses that were affecting Roadrunner’s financial performance,” the SEC said in a civil complaint.

2 Tips for Early-Career Women

McKinsey & Company

Form a personal board of directors, a small, trusted group of senior people both inside and outside your organization, who you both respect and admire and who can give you the advice and support you need over the course of your career. Another tip: Don’t get anxious about what people perceive your abilities to be, and instead concentrate your energy on the joy and passion you get from your work, your clients, and your teams.