Rosenstein details plan to curb financial crime | Experts discuss benefits, myths of hiring ex-offenders | What can agencies do to empower women? Give them mentors
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Deputy Attorney General Rod Rosenstein has promised to work closely with regulators and further use of data analytics to combat financial crime, including tax violations and securities fraud. He said at a conference he intends to produce fewer guidance memos than predecessors did and aims "to avoid imposing penalties that disproportionately punish innocent employees, shareholders, customers and other stakeholders." Reuters (3/2)
A White House roundtable brought together business and government officials to explore career pathways for the formerly incarcerated. Greyston Bakery CEO Mike Brady, whose company has a long practice of employing ex-offenders, addressed myths about hiring former inmates, whom Brady called "fully functional and productive members of our team." Inc. online (3/1)
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Research: Gender pay gap costs OECD nations $6T Closing the gender pay gap in Organization for Economic Cooperation and Development nations might increase GDP by $6 trillion, PwC research shows. Greater flexibility and shared parental leave are among ways countries can cut the gap and improve advancement opportunities for women, PwC says. Bloomberg (free registration) (3/4)
Wells Fargo has changed how it pays and incentivizes employees and dismissed several retail executives and most of its board in the months since its false-accounts scandal was uncovered, write Laura Keller and Shahien Nasiripour. CEO Tim Sloan argues that incentives, not a larger culture issue, are what ailed the bank, and fixing that sets Wells Fargo on a good path forward. Bloomberg Businessweek (tiered subscription model) (3/1)
