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The hot topic of environmental, social, and governance (ESG) disclosure has called attention to a growing number of voices advising the SEC commissioners.
The SEC’s Asset Management Advisory Committee, Investor Advisory Committee, and Investor Advocate have made ESG recommendations. Then-acting Chair Allison Herren Lee recently appointed a senior adviser for ESG and, together with Commissioner Caroline Crenshaw, called for an ESG Advisory Committee and a staff task force on ESG. This totals four existing and two proposed streams of ESG advice to the commissioners from sources within or created by the SEC.
Workers saw 2% decrease as companies gave leaders bonuses and forgiving performance benchmarks amid pandemic
Hiltonâs CEO, Christopher Nassetta, had a compensation package worth $55.9m in 2020, the highest of the CEOs analyzed in the report, while median pay at the company was $28,608, down from $43,695 in 2019. Photograph: Jeenah Moon/Reuters
Hiltonâs CEO, Christopher Nassetta, had a compensation package worth $55.9m in 2020, the highest of the CEOs analyzed in the report, while median pay at the company was $28,608, down from $43,695 in 2019. Photograph: Jeenah Moon/Reuters
Tue 11 May 2021 00.01 EDT
Last modified on Tue 11 May 2021 08.50 EDT
The millionaire chief executives of some of the American companies with the lowest-paid workers saw an average pay raise of 29% last year while their workers saw a 2% decrease, according to a report released Tuesday.
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Tomorrow at 10:00 am, the Senate Banking Committee will meet to conduct a hearing on the
nominations of Gary Gensler to be chairman of the Securities and
Exchange Commission (SEC) and Rohit Chopra to be director of the
Bureau of Consumer Financial Protection (CFPB). Both are strong
advocates of the Biden administration s policy agenda and have
longstanding relationships with progressive Democrats. The hearing
is certain to underscore the political and philosophical divide
between Democrats and Republicans, for example, over what role
social issues and policies should have in SEC and CFPB
First published on
Two retail associations sued the Federal Reserve Board of Governors April 29 over what they claim is a failure by the federal agency to properly enforce a federal law that caps the fees that can be charged on debit transactions.
The North Dakota Retail Association and the North Dakota Petroleum Marketers Association filed the lawsuit in the U.S. District Court in Bismarck, saying the Board has failed to properly follow Congress s instructions to ensure that debit-card processing fees are reasonable and proportional to the costs of debit-card transactions.
Retailer trade groups have been at loggerheads with the major card companies, Visa and Mastercard, for years over the interchange, or swipe, fees they charge on credit and debit card transactions. They backed Sen. Dick Durbin when he successfully pushed through an amendment to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act that capped debit fees for card issuer banks with more than $10
Heredia’s Market Manipulation Scheme
Between June 2012 and August 2016, Heredia was employed as a fuel oil trader engaged in and overseeing trading of a variety of fuel oil products. Among the trades engaged in or overseen by Heredia were numerous trades with state-owned enterprises, including those for delivery to and from the Los Angeles market.
During the relevant period, more than approximately 100 such trades were priced in reference to a benchmark price assessment determined by Platts called the Bunker Fuel Oil 380 CST 3.5% Ex-Wharf Los Angeles (Los Angeles Bunker Benchmark). Platts reported the daily Los Angeles Bunker Benchmark as part of its subscription market-reporting services. Platts generally determined the Los Angeles Bunker Benchmark for a given day based on bids to purchase, offers to sell, and trades in bunker fuel during a defined reporting window. Platts reported to market participants before the start of the trading day a market price level, which would usual