What’s Going on in Fiance from CFO
Adding fuel to the debate over private equity fees, a new study has found that PE firms have charged $20 billion in hidden fees to clients over the past two decades.
The so-called portfolio company fees were charged to nearly 600 U.S. companies that were bought by private equity managers between 1981 and 2013 for a total value of $1.1 trillion, according to Oxford University and Frankfurt School of Finance & Management researchers. Read more.
The U.S. Federal Aviation Administration has launched a “streamlined and user-friendly” online registration system for drone operators.
The program is intended to help operators comply with federal law effective Dec. 21 that requires registration of unmanned aircraft systems (UAS). Drone operators who fail to register are subject to civil and criminal penalties. Read more.
Everything finance at CFO.
The SEC alleges CPA Peter Messineo owned stakes in companies that the firm he worked for was auditing.
Find out if your leadership processes and strategies are putting you ahead of the curve.
Have you asked your suppliers for ideas on how to innovate and drive greater value for your customers?
Newell is betting it will gain “efficiency and clout” by acquiring Jarden’s stable of brands including Crock-Pot cookers and Sunbeam irons.
A new study adds fuel to the debate over whether the private industry should be more transparent about the fees it charges.
The agency says registration will enable it to work with drone operators to enhance unmanned aircraft safety.
The oil and natural gas driller joins more than three dozen North American energy companies that have filed bankruptcy this year.
The job cuts were announced amid increasing concern over whether the BG deal is still viable because of plunging oil prices.
Get more great financial insights in the CFO library.