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Degree of Operating Leverage


(Bloomberg) – China Huarong Asset Management Co. confirmed a record loss for 2020 in a long-awaited earnings report and reported a small profit for the first six months of this year, just over a week after to have obtained a government-orchestrated bailout to keep it from the precipice. The shortfall was 102.9 billion yuan ($ …

Dive brief: 800 Degrees Pizza, a pizza brand with 16 locations worldwide, joins forces with the Piestro robotic pizzeria concept to dramatically accelerate its presence thanks to Piestro’s automated machines. According to a press release, the partnership will bring 3,600 “800 Degrees by Piestro” machines to market over five years. The automated machines will ensure …

Wednesday 25 August 2021 The main investment thesis of a private credit lender is simple: get the loan reimbursed when it matures. Private lenders do not provide loans to acquire the business of their borrower. In some circumstances, however, private lenders must be prepared to take possession of the money when the borrower is in …

For The Wall Street Journal for Saturday / Sunday August 14-15, 2021, a pair of reporters wrote: “The oversight is weak of the audit of private companies. The article contrasts the degree of supervision of auditors in private companies with that of auditors in public companies. Since the passage of the Sarbanes-Oxley Act in 2002, …

The second troublesome threat is the mixed employment standard. The Obama administration’s DOL caused angst in the franchise industry in January 2016, when it passed a joint employment standard that focused on “whether the employee depends on the potential joint employer who , through an agreement with the intermediary employer, benefits from the work. “Administrator’s …

Cloud Microsoft touts the top secret ATO cloud By Adam Mazmanian August 16, 2021 Microsoft announced that its top-secret and isolated Azure cloud regions have been granted permission to operate and are “generally available” for national security workloads. Tom Keane, Microsoft’s corporate vice president for Azure Global, wrote in an August 16 blog post that …

Share-based awards are often an important part of a company’s compensation program. However, unlike more general benefit programs, which are generally only subject to federal law, share-based compensation agreements are, in most cases, subject to both federal laws (for example, the Securities Exchange Act of 1934, as amended (Exchange Act) and state laws. Individual state …

Over the past year, several states, including Colorado, Connecticut, and Rhode Island, have proposed and passed new pay equity legislation. The impact of these laws is notable, not least because they subject employers to significant notice requirements, which may require sweeping changes in workplace practices and policies. The impact of these laws is even deeper …

Related practices and jurisdictions Wednesday August 11, 2021 On July 29, 2021, the US Department of Labor filed a final rule repealing the Trump-era Joint Employer Status Under the Fair Labor Standards Act (29 CFR part 791) rule, which came into effect on March 16. 2020. The Trump-Era Rule implemented employer-friendly changes to DOL’s rules …

Ministry of Labor rescinds pro-franchise joint work rule On July 29, 2021, the US Department of Labor announced that it was repealing a final rule released last year (2020 Final Rule) that sought to clarify the standard for finding two separate entities as “co-employers” under the Fair Labor Standards Act. (FLSA). The 2020 Final Rule …