FEI Weekly

April 2, 2020

Marriott hacked again and the CARES Act 401(K) perk you should know.

Marriott Hacked Again

Wired

On Tuesday, Marriott announced that it had once again been hit, with up to 5.2 million guests at risk. The details of this latest hack seem to be not quite as devastating as the last one, too, given that sensitive information like passport numbers doesn't seem to be affected. Still, that a major company could get hit twice in such a relatively short time frame underscores how at-risk your data is—and how not enough is being done to protect it.

T-Mobile-Sprint Merger, CEO Steps Down

Tech Crunch

After months of regulatory maneuvering, T-Mobile and Sprint have officially completed their $26 billion merger. Alongside news of the merger being finalized, T-Mobile shared that its CEO transition is taking place early. John Legere was supposed to stay on until the end of April, but Mike Sievert has been appointed CEO a month early, effective immediately.

Dean & Deluca Files for Chapter 11 Bankruptcy

Grub Street

The company had been on the decline since 2014, when it was purchased by Thai company Pace Development. In court documents, the company’s legal representatives say it is down to just one employee and listed liabilities totaling nearly $500 million against less than $50 million in assets. A large chunk of that includes $275 million in debt to creditors, the largest being the company’s owner, who is owed $250 million.

The CARES Act 401(K) Perk You Should Know

Market Watch

Retirees don’t need to worry about taking the required minimum distribution (RMD) from their retirement accounts this year. The government waived that rule as part of the $2 trillion stimulus package meant to provide financial relief to Americans. The greatest benefit of this provision: those who don’t need to withdraw from their retirement accounts get to keep the money in their portfolios, instead of taking a distribution during extreme volatility.

3 Questions to Start Your Day

Inc.

In a recent post by Brooke Anderson for UC Berkeley's Greater Good Science Center, she outlines a handful of powerful questions to ask each morning to re-frame how you see your day during this crisis. 1. Who am I checking in on, or connecting with, today? 2. What expectations of "normal" am I letting go of today? 3. What beauty am I creating, cultivating, or inviting in today?