19 Oct
Bloomberg

Bloomberg Tax: Robert Rostan in Uber, Lyft Revenue Accounting Threatened by Gig Worker Proposal

Uber, Lyft Revenue Accounting Threatened by Gig Worker Proposal Uber Technologies Inc. has warned in its financial statements for two years that a potential reclassification of its drivers from independent contractors to employees would alter a key calculation it makes when it tallies the top line in its income statement. A Biden...

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21 Apr
Bloomberg

Bloomberg: Scott Rostan in K.C. Southern Morphs From Railroad Also-Ran to $30 Billion Prize

K.C. Southern Morphs From Railroad Also-Ran to $30 Billion Prize By  Thomas Black April 21, 2021 In less than a year, Kansas City Southern has transformed from an industry wallflower to the belle of the ball, getting courted by Canada’s two biggest railroads. The U.S. carrier has been a source of takeover speculation for decades....

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01 Feb
Bloomberg

Bloomberg Tax: Robert Rostan in GameStop Takes Everyone on a Wild Ride, Except Its Accountants

https://news.bloombergtax.com/financial-accounting/gamestop-takes-everyone-on-a-wild-ride-except-its-accountants It’s taken over social media, gotten airtime at a White House press conference, and pitted hedge funds against an army of online traders out to bruise them. But there’s one place the saga of GameStop Corp.’s stock price roller coaster ride won’t play out: on GameStop’s financial statements. The fundamentals of...

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21 May
News, Bloomberg

Bloomberg: Robert Rostan in Hertz Runs Into Cash Crunch After Years of Management Tumult

https://www.bloomberg.com/news/articles/2020-05-21/hertz-runs-into-cash-crunch-after-years-of-management-tumult?sref=Oe6GluQB By  Esha Dey May 21, 2020, 5:00 AM EDT   Less than three months ago, Hertz Global Holdings Inc. executives were touting a solid fourth-quarter performance and saying they’re entering 2020 in a strong position. Today, they’re managing a crisis that has the company on the brink of bankruptcy, saddled with almost $21 billion of debt and...

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09 Nov
News, Bloomberg

Bloomberg: Rahul Bhatia in Public Market Rituals Spell Pain for Uber and Beyond Meat Stocks

https://www.bloomberg.com/news/articles/2019-11-09/public-market-rituals-spell-pain-for-uber-and-beyond-meat-stocks By Drew Singer and Esha Dey November 9, 2019, 7:00 AM EST For newly a public company, two rites of passage loom: its first few earnings reports, and the expiration of its IPO lockup. Twice this month, those events conspired to unleash double-doses of pain for investors. Uber Technologies Inc. plunged 13% over...

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04 Nov
Bloomberg

NPR Marketplace: Robert Rostan in Under Armour investigation focuses on “revenue recognition.” What’s that?

By Marielle Segarra The sportswear company Under Armour on Monday confirmed federal officials have been looking into its accounting practices for more than two years. Under Armour says it hasn’t done anything wrong. The Wall Street Journal, which broke the news, said the probe includes both criminal and civil investigations and that...

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How Long Will They Stay At Their Jobs?
21 Jun
News, Bloomberg

Bloomberg: “Fewer MBAs Want to Work For Hedge Funds”

By Julie Verhage and Sonali Basak As business students pack up their belongings after graduation, fewer are listing hedge funds as a top destination, while private equity and startups are becoming more attractive. According to a survey from Training the Street, a firm that offers technical training to Wall Street firms and business schools, startups and private equity...

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