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    1. Goldman’s Nod to Diversity Draws Some Criticism

      Goldman’s Nod to Diversity Draws Some Criticism

      Might the investment bank's new policy to avoid IPOs of companies without at least one diverse board member not be quite as good as it looks? David McCann Goldman Sachs has gotten plenty of ink since last week, after CEO David Solomon said in Davos, Switzerland, that the investment bank won’t take a company public unless it has at least one woman or person of color on its board of directors. Most of the ink was positive . But there were exceptions that provided food for thought...

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    2. Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal

      Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal

      Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal MGM Resorts will lease both properties for an initial rent of $292 million. MGM Resorts International is selling Las Vegas properties MGM Grand and Mandalay Bay to a joint venture in a deal valuing the properties at $4.6 billion, the companies said. The joint venture includes investment firm Blackstone Group and real estate investment trust MGM Growth Properties...

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    3. Tax on Nonprofits Could Snare Companies, Too

      Tax on Nonprofits Could Snare Companies, Too

      Tax on Nonprofits Could Snare Companies, Too A new excise tax on executive pay at tax-exempt entities may also apply to their affiliated for-profit companies, IRS guidance suggests. David McCann Companies with affiliated tax-exempt entities could find themselves surprised to be on the hook for a new tax, in light of interim guidance recently released by the Internal Revenue Service.

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