Hillary Clinton Seeks End to 'Quarterly Capitalism' [Bloomberg]
HRC wants to increase short-term capital gains taxes as well as "better policing of shareholder activism and stock buybacks."
Imagine your lives without 10-Qs [via BloombergView]
Easiest fix to quarterly capitalism: do earnings reports annually instead of quarterly.
— Matt! (@mattyglesias) July 24, 2015
Blackstone Names Michael Chae to CFO Post [CFOJ]
Chae will replace Laurence Tosi who, as expected, is leaving for Airbnb.
For Ransom, Bitcoin Replaces the Bag of Bills [DealBook]
FYI.
Megachurch Claims Accountant Rolled It [CNS]
When Agape Family Worship Center's CFO left, Donald Gridiron Jr., an "expert in church-related accounting matters," allegedly started, "writing unauthorized checks to himself and third parties drawn on AFWC's bank accounts, and sending unauthorized wire transfers to himself from AFWC's bank accounts." Oddly, some of that money ended up in the bank account of the Western States Golf Association, an organization that "provides college scholarships" for its members, which Gridiron also controlled.
Mystery pooper targeting holes of Norwegian golf course [UPI]
"Our idea is that it could be someone who, for unknown reasons, hates the game of golf. Alternatively, the person may have a fetish or suffer from mental problems."