May 24 - CFOs see more cooperating clauses in employment agreements | GE exec new Delta CFO
GE exec to become Delta Air Lines CFO; Biden aims to raise $700B over 10 years with tougher tax enforcement; SCOTUS ruling makes it easier to sue IRS; Trump Organization CFO under criminal investigation
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CFOs can expect more cooperation clauses in employment and severance agreements as companies angle for greater control over their response to legal inquiries.
The Biden administration during the next decade seeks to close the "tax gap" by 10% through more effective IRS pursuit of corporate and individual tax cheats.
After months of the Manhattan District Attorney probing Allen Weisselberg, Attorney General Letitia James has joined in, opening an investigation into whether he paid taxes on the gifts the Trump Organization gave him.
The Federal Reserve will bar the use of LIBOR in contracts after December 31, Vice Chair Randal Quarles said, underscoring the need for legislation to smooth the switch to a new reference rate.
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