Shamed Analyst Sues Fox Over ‘Borat’FINANCE
• A former JPMorgan analyst is suing Twentieth Century Fox for Borat-related “public ridicule, degradation, and humiliation.” [DealBreaker]
• Wachtell, Lipton sent around a memo to clients explaining a tax loophole that makes CFO salaries over $1 million tax deductible. Thus was the first rule of the tax-loophole club broken. [DealBook/NYT]
• In a study of hours worked in developed nations, the U.S. only ranks sixth. Somehow, we got beat by Australia and New Zealand. [CNNMoney]
