Failure To Disclose Perks Remains In The SEC Spotlight - Corporate/Commercial Law mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
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Disclosure of executive perks is once again in the SEC Enforcement spotlight. Just last year, there were two actions against companies for disclosure failures regarding perks Hilton Worldwide Holdings Inc. (see this PubCo post) and Argo Group International Holdings, Ltd. (see this PubCo post). Now, Enforcement has brought settled charges against Gulfport Energy Corporation, a gas exploration and production company that filed for Chapter 11 in November, and its former CEO, Michael G. Moore, for failure to disclose some of the perks provided to Moore as well as related-person transactions involving Moore’s son. The case serves as a reminder that the analysis of whether a benefit is a disclosable perk can be complicated.
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By Preetika Rana Airbnb Inc. posted a steep fourth-quarter loss in its first earnings as a public company, as costs tied to its market debut capped a year in which the coronavirus pandemic ravaged the travel industry. The home-sharing company reported a $3.9 billion loss in the three months through December, which included a charge of $2.8 billion for stock compensation tied to its initial public offering during the quarter. That compared with a loss of $351 million in the same period a year earlier. The latest loss brought the company s full-year deficit to $4.6 billion, more than its losses in the previous four years combined. The loss exceeded the average forecast of analysts surveyed by FactSet.
U.S. consumer prices are headed higher -– at least according to the people who set them.Corporate leaders are increasingly confident that they can charge more for their products without losing business. On recent earnings calls, plenty of executives said they boosted prices in response to the higher costs they’re having to pay. And many expect further increases, with economic growth speeding up and commodity prices showing no sign of coming off the boil.
U S Companies Start to Flex Pricing Power in Test for Fed washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.