FEI Weekly

September 11, 2020

3 rules for being more productive at home and DraftKings names new CAO.

DraftKings Names New CAO

GlobeNewswire

DraftKings named Erik Bradbury as the Company’s Chief Accounting Officer and principal accounting officer effective September 10, 2020, reporting to Jason Park, the Company’s CFO. Bradbury was most recently a Partner with EY and served as a Professional Accounting Fellow at FEI. Shares of DraftKings rose on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor.

Century 21 Files for Chapter 11

CNBC

The discount department store chain Century 21 has filed for Chapter 11 bankruptcy protection and is closing all of its remaining 13 stores. It said the decision stemmed from its insurance providers declining to pay roughly $175 million due in policies to protect Century 21 from the losses it has suffered throughout the coronavirus pandemic.

JPMorgan Takes Action Against PPP Fraudsters

Yahoo

JPMorgan terminated a number of employees after discovering that some staff members had deposited Small Business Administration’s Economic Injury Disaster Loan (EIDL) funds into their Chase checking accounts. The bank is also investigating fraud related to the Paycheck Protection Program for which it was the single largest lender as it dispersed $29 billion in such loans.

What Will Come After Zoom?

Recode

Even after the pandemic ends, video chat will play an increasingly important role at work, for school, in health care, and in our relationships with friends and family. What comes after Zoom fatigue is Zoom acquiescence and it's inevitable. What will replace Zoom? Things like the Square (equipped with a shade that you’d slide up when you’re available, and coworkers could effectively drop in and chat through this virtual window) or even holograms may be the future.

3 Rules for Being More Productive at Home

HBR

Tech company GitLab’s high degree of reliance on asynchronous working is made possible by respecting the following three rules right down to the task level: 1. Separate responsibility for doing the task from the responsibility for declaring it done. Every task is expected to have a Directly Responsible Individual, who is responsible for the completion of the task and has freedom in how it should be performed. 2. Respect the “minimum viable change” principle. 3. Always communicate publicly. Instead of sending internal emails, GitLab employees post all questions and share all information on the Slack channels of their teams, and later the team leaders decide what information needs to be permanently visible to others.