FEI Weekly

June 29, 2018

Deloitte CEO's future in doubt, Starbucks CFO to retire, and the mistake women make in their resumes.

Deloitte CEO's Future in Doubt

WSJ- Paywall

A behind-the-scenes leadership dispute has erupted at Deloitte LLP, leaving CEO Cathy Engelbert’s future at the helm of the Big Four accounting firm in doubt. Engelbert, the first woman to run one of the Big Four firms in the U.S., is three-plus years into a four-year term as Deloitte’s CEO. But Deloitte’s U.S. partners were told in a recent email that she wasn’t being renominated for a second term at this time as the firm begins its every-four-years CEO-election process.

SEC Adopts Amendments to XBRL Requirements

Finextra

The Securities and Exchange Commission today voted to adopt amendments to eXtensible Business Reporting Language (XBRL) requirements for operating companies and funds. The amendments are intended to improve the quality and accessibility of XBRL data. “The amendments are part of the Commission’s continued efforts to modernize reporting and to improve the accessibility and usefulness of disclosures to investors, including our Main Street investors,” said Chairman Jay Clayton.

Starbucks CFO to Retire

Business Insider

Starbucks said on Thursday CFO Scott Maw will retire at the end of November, sending its shares down 2% in morning trade. Following his retirement, Maw will transition to a senior consultant role with the company until March 31, 2019, earning $250,000 per month, Starbucks said in regulatory filing.

Amazon's Deal with PillPack Will Disrupt Pharmaceutical Industry

Axios

Amazon has agreed to acquire Boston-based online pharmacy PillPack, which had previously been in takeover talks with Walmart. It's a natural follow-on to its move (with Warren Buffett and JP Morgan Chase) into the broader healthcare field. But while that high-profile effort seems to be aimed, at least for now, at its own workforce, this acquisition is more likely to make big waves sooner in the competitive and huge drug market. The online pharmacy offers pre-sorted doses of medications precisely timed with home delivery.

What Women Get Wrong in Their Resumes

Fast Company

A recent report reveals that 90% of the top 10 words men used in their resumes are more powerful proper nouns and common nouns, versus only 68% on women’s resumes. For finance roles, men use words like equity, portfolio, investment, capital, analyst, finance, market, stock, interests, and technical, while the top 10 words for women are organize, event, volunteer, assistant, social, student, marketing, community, department, and plan.