General Electric has tapped two former industry executives and an accounting expert to join its board as part of an effort to overhaul its business and reinforce the confidence of investors, reports Reuters. The board changes, which also include a cut from the current 18 to 12 members, will be voted on by shareholders at a meeting in April.
The nominees are Leslie Seidman, former Vice President at JPMorgan and chairman of the Financial Accounting Standards Board; Thomas Horton, former head of American Airlines, and Lawrence Culp Jr., former CEO of Danaher Corp.
Correction:This article has been updated to remove incorrect reporting on the timing of the board shakeup, as well as a reference to share prices that incorrectly labeled a GE disclosure as a Justice Department announcement. We regret the errors.
The Weinstein Company has announced that it plans to file for bankruptcy after a last effort to sell the company fell through, according to a statement provided to the LA Times.
Why it matters: The company's co-founder and namesake, Harvey Weinstein, was slammed with a myriad of sexual assault and harassment claims in the fall of last year. Weinstein was subsequently forced out of his company, removed from the academies, and the L.A. Police Department opened a criminal investigation into the allegations of misconduct and rape.
N.Y. Times columnist Frank Bruni, on the cover of the Sunday Review section, "Am I Going Blind?":
"They say that death comes like a thief in the night. ... The affliction that stole my vision, or at least a big chunk of it, did so as I slept. I went to bed seeing the world one way. I woke up seeing it another."
CNN's Jake Tapper grilled Broward County Sheriff Scott Israel Sunday for failing to take responsibility for the series of mistakes that were made in the months leading up to the Parkland school shooting that left 17 dead.
"Are you really not taking any responsibility for the multiple red flags that were brought to the attention of the Broward Sheriff's office about this shooter before the incident? ... I don't understand how you can sit there and claim amazing leadership."
— CNN's Jake Tapper on "State of the Union" Sunday.
Florida Gov. Rick Scott, who proposed a "major action plan" on gun reform this week in the wake of the Parkland school shooting, explained to Fox News Sunday's Chris Wallace why he disagrees with President Trump's proposal of arming teachers.
"I want our teachers to teach and I want our law enforcement officers to be able to protect the students. I want each group to focus on what they're good at."
