Rep. Keith Ellison (D-Minn.) is asking Department of Health and Human Services Secretary Alex Azar for an explanation of the decision to hire CVS Caremark Vice President Daniel Best to lead the agency’s drug pricing reform effort.
Joe Mont
Corporate culture may be even more important now
Smart strategies for influencing corporate culture include aligning incentives and recognizing that “tone at the top” needs to be supplemented by “tone at the bottom.”
SEC takes a longer look at pre-IPO companies, Rule 701
With more and more successful companies choosing to go public, the SEC is paying closer attention to how they issue employee stock options.
New York pension fund will vote against boards with no women directors
The New York State Common Retirement Fund, the third largest public pension fund in the United States, says it will vote against board directors standing for re-election at companies that have no women on their boards.
Acting CFPB director wants a radical overhaul of the agency
In the pages of the CFPB’s semi-annual report, Acting Director Mick Mulvaney included four recommendations for legislative changes to the agency. “The Bureau is far too powerful, with precious little oversight of its activities,” he said.
Treasury wants to ‘modernize’ Community Reinvestment Act
The Treasury Department has announced recommendations for updating the Community Reinvestment Act. The stated goal “is to better align CRA activity with the needs of the communities that banks serve.”
Did some companies fudge their pay ratio disclosures?
As the initial batch of disclosures to meet requirements of the Securities and Exchange Commission’s pay ratio rule trickle in, activists are already flagging concerns that companies may be a bit too creative with their calculations.
Senators demand data use answers from Grindr
In response to media reports that the LGBTQ dating app Grindr shared information about users’ HIV statuses with third parties, Senators Edward J. Markey and Richard Blumenthal are demanding answers about the company’s data practices.
EPA wants to revise, scale back automobile emissions standards
The EPA is looking to backtrack from Obama-era fuel emission standards imposed upon auto manufacturers. Administrator Scott Pruitt announced a determination that the current standards “are not appropriate and should be revised.”
Trump’s new tariffs could trigger trade war with China
In response to what the White House views as China’s unfair trade practices, the Office of the U.S. Trade Representative has announced a list of products that could be subject to additional tariffs. China has countered with a list of its own.


