Jeff Harrington

Arlington

Team Leader, News @BLaw @Tax — Bloomberg Business Industry Group -- Former @TB_Times @Enquirer @toledonews Go @NotreDame former blue check

Articles

Nordstrom, Victoria’s Secret, Macy's Join Purge of DEI Terms (2)

1 month ago | news.bloomberglaw.com | Jeff Harrington |David Jolly

Big retailers are shifting how they talk about diversity efforts in reports to shareholders, joining other companies in changing their goals to “inclusion and belonging” instead. Nordstrom Inc., Victoria’s Secret & Co. and Macy’s Inc. all removed some references to diversity, equity and inclusion from their 10-K annual reports on Friday.
Carvana Doles Out $17 Million in Pay to Two C-Suite Attorneys

1 month ago | news.bloombergtax.com | Jeff Harrington

Carvana Co., an online automobile retailer under scrutiny for its business practices, awarded almost $17.2 million in total compensation to two lawyers in its C-suite, according to a recent securities filing. Paul Breaux, the company’s general counsel and chief compliance officer, earned almost $6.7 million in his first year as a named executive officer at Carvana in 2024, per a preliminary proxy statement filed March 14.
'Diversity' Becomes 'Belonging' as Companies Shift DEI Lingo

1 month ago | news.bloombergtax.com | Jeff Harrington |Amelia Gruber Cohn

References to “DEI” and “diversity, equity and inclusion” in corporate annual reports to shareholders have dropped by more than half so far this year amid a Trump administration crackdown on such efforts. The acronym “DEI” appeared in 10-K reports 180 times from January 1 to March 12, down 55% from 396 times in the same date range the year before, according to a review of 10-K annual reports by Bloomberg Law.
Target Strips Out Diversity Language Amid Consumer Boycott

1 month ago | news.bloombergtax.com | Andrew Ramonas |Jeff Harrington

Target retooled how it talks about diversity efforts in its annual report to investors on Wednesday, as it navigates anti-DEI litigation and Trump administration pressure as well as a consumer boycott fueled by pro-diversity voices.
Discarded IRS Workers Enter a Market Hungry for More Accountants

1 month ago | news.bloomberglaw.com | Jeff Harrington

Accountants and auditors being purged from the IRS are entering a labor market desperate for their experience and know-how in complex areas of corporate and international tax. State regulators, public accounting firms and Fortune 500 companies are among employers in need of skills that former Internal Revenue Service staffers who have already left the agency could deliver.
From Meta to Airbnb, Companies Flag Risks Dealing With EU AI Act

1 month ago | news.bloomberglaw.com | Jeff Harrington |Amelia Gruber Cohn

Meta Platforms Inc., Adobe Inc., and at least 70 other publicly-traded US companies are warning investors that the world’s most far-reaching AI regulation poses risks to their businesses. The European Union’s Artificial Intelligence Act—which creates obligations for providers, distributors, and manufacturers of AI systems—may require hefty compliance costs and force companies to alter their product offerings across the Atlantic, businesses say.
KPMG Must Pivot Around Audit Clients in Creating US Law Practice

1 month ago | news.bloombergtax.com | Justin Henry |Jeff Harrington

KPMG must overcome a prohibition against giving legal advice to audit clients as it becomes the first Big Four accounting firm to practice law in the US. The prohibition stops the company from gaining potential legal customers from the hundreds of Fortune 500 and privately held companies it audits. KPMG agreed to the limitation to win Arizona Supreme Court approval Thursday to practice law in the state.
US Audit Board's Future Depends on Trump, GOP Moves (Podcast)

1 month ago | news.bloomberglaw.com | Jeff Harrington |Martha Mueller Neff

The US audit board has already been forced to revise its priorities as the Trump administration begins to reshape the federal government. The Public Company Accounting Oversight Board pulled an auditor disclosure rule that was set for SEC approval earlier this month. The audit board opted to delay finalizing another project that would expand how auditors consider the financial impact of their clients’ law violations days after Donald Trump’s November election win.
US Audit Board's Future Depends on Trump, GOP Moves (Podcast)

1 month ago | news.bloombergtax.com | Jeff Harrington |Martha Mueller Neff

The US audit board has already been forced to revise its priorities as the Trump administration begins to reshape the federal government. Listen here and subscribe to Talking Tax on Apple Podcasts , Spotify , Megaphone , or Audible . The Public Company Accounting Oversight Board pulled an auditor disclosure rule that was set for SEC approval earlier this month.
Deere Investors Reject Anti-DEI Proposal Seeking Hiring Data (1)

1 month ago | news.bloombergtax.com | Andrew Ramonas |Amelia Gruber Cohn |Jeff Harrington

John Deere investors on Wednesday spurned an anti-DEI advocate’s campaign for demographic data on the company’s new employees following its pullback from diversity, equity, and inclusion last year. The proposal from the National Legal and Policy Center urged Deere & Co. to report annually on hiring differences concerning race and gender.