#finance

there are some major news coming for audit/tax/accounting departments coming soon…..

As Paramount Skydance Corp. and Oracle Corp. vault into the ranks of corporate America’s biggest borrowers, their links to the same man — billionaire Larry Ellison — are starting to stir angst on Wall Street.

https://www.bloomberg.com/news/articles/2026-10-03/larry-ellison-risk-exposed-by-paramount-and-oracle-debt-binges

Why should the govt fund NVIDIA and DELL ORACLE FACEBOOK .
Vz develops critical infrastructure and funds using investors money. They have been funding their own business for the last 25 years.
Telecom companies get short changed by layoffs, wage plateau, strict confromation to financial guidelines and legal complainces .
Social media companies get a free ride all the way.
Evaluations for
Nvida-$5.7Trillion
Dell-$350billion
Oracle-$450billion
Msft- $3.9 trillion
Google-$4.2 trillion
VZ - $189billion

Not been careful with shareholder capital… Yah think?

Any plan for expansion?commercial is , not sure what ofher central GBCs are growing?

I still haven’t received my box to return equipment so I was a little surprised today to see my severance payment in my bank account. Hope this happened for everyone else.

• Synopsys shares jump 13% after its fiscal 2027 outlook.
• AWS signed a chip-design deal worth more than $1 billion.
• Synopsys plans to buy back about $1 billion of shares.

https://invezz.com/au/news/2026/10/01/synopsys-stock-jumps-13percent-as-openai-and-aws-deals-boost-outlook/

Hertz Taps PJT Partners to Extend Debt as Maturities Loom

how come the stock price downtrend never ever stop?

where is Takis G? where is Paul Todd?

do something ASAP!

And then when things first started to go south, waiting it out, hoping things would improve. Ouch.

If we really want to make the Bank a better place, the only way to do so is it unionize.

The Committee for Better Banks brings together bank, credit union and other finance workers to win a voice at work and form unions in order to build a more equitable and community-focused banking system.

Our members include current and former workers from financial services large and small, including Wells Fargo, Beneficial State Bank, Citibank, Bank of America, Santander, PenFed, Lake Michigan Credit Union, and Verity Credit Union.

You have the legal right to engage in concerted activity – that means you have the right to take action together with your fellow coworkers to improve things at work. It is against the law for your employer to fire you for joining CBB. We all enjoy Freedom of Speech and Freedom of Association, and it is up to us to exercise those freedoms.

The finance industry has come to dominate the US and global economy. Finance now boasts a third of total corporate profits here at home. While CEOs and hedge fund managers hand themselves bonuses that could buy small islands, their frontline employees, who advise, support and interact daily with the public, are made to struggle paycheck to paycheck.

Demands:

1. In an industry that boasts more than $100 billion in profits, we who actually serve the public should be able to pay our bills, send our kids to college, buy a home, and put money in savings. We deserve a fair share of the profits our work creates.

2. We must eliminate unreasonable sales goals or performance metrics that force us to push unnecessary products on our customers. We are here for our neighbors—for the child who opens his first savings account, for the newlywed couple planning ahead to retirement, for the senior citizen opening a credit card. We want to be honest brokers of your financial security, and that means an end to pressure tactics that only serve to line shareholders’ pockets.

North Carolina's State Auditor has launched an investigation into alleged financial irregularities within Charlotte-Mecklenburg Schools. This inquiry follows a formal request for a criminal investigation from the District Attorney. The auditor's office is examining a broad range of financial records, budgets, and contracts. The investigation was prompted by multiple calls and information from residents expressing concerns. The former superintendent also previously detailed allegations of financial impropriety in a memo.

Charlotte, NC

https://www.wbtv.com/2026/09/23/state-auditor-investigating-alleged-financial-irregularities-within-charlotte-mecklenburg-schools/

I can confirm there will be a RIF impacting Finance and SD as well as others on 10-1.

Here we go again; more stock buybacks today to full the investors to try and get some momentum going.

Can never simply rely on relying on the fruits of the day to day operations to do our talking for us. Always have to manipulate the markets. Pitiful.

Was anyone let go in Finance?

what are the targets?
why is M&A excluded?
I guess strategic partnership is gone and downstream/st&s team rdeuced.

As I write this, the Comcast stock dividend is at 5.85%. I don't know if Comcast can eliminate that dividend without further cratering the stock price, but maybe a trim is needed? That might be enough savings for now to preserve spots for some people that are on the fence for layoffs?

Only a million dollar bonus last year for VPs? Times is hard.

https://www.beckerspayer.com/legal/elevance-sues-former-network-exec-to-block-oscar-move/

It was good to see that Finance were taking budget control matters so seriously that they held a large, global F2F meeting in San Diego.

Hope the bbq at the boss's mansion limited the catering budget.

I got the memo.
I showed up.

I noticed HQ here in NY is still a ghost town.
I’m thinking we must have laid off the entire HR department because they are nowhere to be found.

I might think the same thing about finance, but there were so few to begin with I know better, they were already “insourced” to Mexico and India, so whoever shows up, is just a survivor.

But at least the global marketing team showed up. Must be nice to spend all that money on F1 sponsorships and a trip to Cannes.

The vacant spaces in Sales is fine since they are out and in the field.

But there is always hope- At $129/share, we have tons of opportunity to see that how even lower.

Anyone have much insight into how she operates?

You should buy a piece of bull sh-t for $200 each or a piece of bear sh-t for $20 after a layoff ?

I knew taxes would be taken out of my severance, but I wasn't prepared for the amount. Over ten thousand dollars disappeared before the payment even reached me. Does anyone know whether some of that can be recovered through a tax refund? I'm trying to figure out how much of the payment I can actually count on.

About $18 billion in loans tied to an Oracle-leased data center in New Mexico ​has come under pressure, with loans quoted at 89 ‌to 91 cents on the dollar by syndicate banks including Santander and Jefferies.

https://www.reuters.com/business/finance/oracles-18-billion-data-center-debt-under-pressure-ft-reports-2026-09-18/

Finance employee. It is breaking us. Leadership knows and doesn’t care. Time to jump ship? Anyone else feel the same?

thought the company is turning the corner.

thought AgentOS and FiUSD are to come soon.

thought the message to the Street wa well-received.

then stock has given up another ~10% in the past week or so.

What is Marvin the marvelous doing about the stock sinking to new year lows.

Does anyone know how do we access our 401k accounts from home? I plan on moving it next year once we get this year’s contributions but I like to check the balance every so often. I would like to figure out how now that my access is being shutoff in a few hours.

https://www.barrons.com/articles/wells-fargo-cfo-bank-mergers-491878b5

Financial services firm Fiserv Solutions is implementing another round of layoffs. This latest action will impact 98 employees at its New Jersey location. These cuts add to previous job reductions, bringing the total for the year to 216. The company provides software and systems for financial transactions. This includes services for banks, credit unions, and merchants.

Berkeley Heights, New Jersey

https://finance.yahoo.com/markets/stocks/articles/major-n-j-financial-services-180050715.html

https://www.cnbc.com/video/2026/09/09/wells-fargo-ceo-charlie-scharf-on-dealmaking-now-is-the-time-to-get-it-done.html

Finance Layoffs??? Why be mad at Finance? Seriously. They can only play the shell game for so long before the truth catches up. If leadership is failing, if the products are failing, if sales is failing, that’s not on Finance. Finance didn’t create this mess. They just finally stopped covering it up.

Firing Finance?
For what , telling the Executive Team the truth?
Finance didn’t make the decision to jack up pricing across the catalog. They only executed what they were instructed to do by the same people who have been making bone‑headed decisions for years.

And if anyone wants proof of how reckless these price hikes are, go look at the actual numbers:

Pride Foundations of Business MindTap:
• 2024: $80
• 2025: $105
• 2026: $160 depending on the option
• As high as $214 if you choose the MindTap with Mike Bikes SmartSims — a repurposed relic that should’ve been retired years ago.

Intro to Psychology MindTap:
• 2024: $80
• 2025: $105
• 2026: $127

Sellnow Comm MindTap:
• 2024: $52
• 2025: $58
• 2026: $105

These aren’t strategic increases.
These are panic‑driven revenue patches designed to cover massive losses the Executive Team doesn’t want employees or Apollo , to see.

And the pattern is obvious:
The biggest price hikes landed exactly where Cengage has the most volume and the most market share. That’s not coincidence. That’s volume‑based revenue manipulation.

Meanwhile, leadership shoved all existing business into the hands of Customer Success , a team already drowning , and then rolled out these price hikes in August, when schools were closed and faculty were on summer break.

Who risks their entire installed base like that?
Who gambles the business that pays the bills?
Who destabilizes the only revenue stream keeping the company alive?

Only an Executive Team that is completely disconnected from Higher Ed and obsessed with forcing numbers to look good for an IPO.

Apollo cannot possibly think this is acceptable.
You don’t increase revenue by punishing existing customers.
You increase revenue by winning business, not by pricing your way into a retention crisis.

Finance didn’t cause this.
Finance didn’t design this.
Finance didn’t push this.

Finance just stopped hiding it.
And now leadership is scrambling because the truth finally broke through the shell game

Timeline: According to SEC filings, Ellison adopted this plan on June 22, 2026, and it is set to remain active through October 24, 2026.

https://stocks.apple.com/AMGHmaVspTB2Sa6MsXca_7Q

The new chain of command has to happen first. We have Angelakis’ reports, the new HR and the new Finance announcements. Now we need Croney’s. Who are his new directs? If we follow the pattern, this should be the next announcement. Everything else is premature. No doubt this will be the most significant restructuring in Comcast history, but we need Croney’s structure to understand how everything will newly align.

I normally get my check on Thursday but did not receive it today. Anyone know if they do something weird with the last check? I can usually see deposits 2-3 days in advance and I see nothing incoming.