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    <channel>
        <title><![CDATA[Michelle Leder]]></title>
        <description><![CDATA[Michelle Leder is a Bloomberg Opinion columnist. Creator of Footnoted.com, a site devoted to SEC filings, she is author of “Financial Fine Print: Uncovering a Company’s True Value.”]]></description>
        <link>https://www.bloomberg.com/authors/AVHGpJjskx8/michelle-leder</link>
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        <copyright><![CDATA[Copyright 2026 BLOOMBERG L.P. ALL RIGHTS RESERVED]]></copyright>
        <language><![CDATA[en]]></language>
        <item>
            <title><![CDATA[Investors Deserve Better Disclosure on Climate Risk]]></title>
            <description><![CDATA[Proposed SEC rules should go a long way toward rectifying the current patchwork of information that companies share about environmental threats.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-07-20/investors-deserve-better-disclosure-on-climate-risk</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Wed, 20 Jul 2022 12:30:03 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i9txmvfhDasc/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>MIAMI BEACH, FL - SEPTEMBER 29: A bus plows through a flooded street that was caused by the combination of the lunar orbit which caused seasonal high tides and what many believe is the rising sea levels due to climate change on September 29, 2015 in Miami Beach, Florida. The City of Miami Beach is in the middle of a five-year, $400 million storm water pump program and other projects that city officials hope will keep the ocean waters from inundating the city as the oceans rise even more in the future. (Photo by Joe Raedle/Getty Images)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[US Taxpayers Got Little From a College's Canceled Debt]]></title>
            <description><![CDATA[It’s a mystery as to why the government hasn’t gone after the former executives and directors of defunct Corinthian Colleges for more money. It should, if for no other reason than to set an example.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-06-10/us-taxpayers-got-little-for-cancelling-college-debt</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Fri, 10 Jun 2022 10:30:12 GMT</pubDate>
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                <media:description>SAN FRANCISCO, CA - OCTOBER 10: California Attorney General Kamala Harris points to a map as she speaks during a news conference on October 10, 2013 in San Francisco, California. Harris announced the filing of a lawsuit against the for-profit Corinthian Colleges and its subsidiaries for alleged false advertising, securities fraud, intentional misrepresentations to students and the unlawful use of military insignias in advertisements. Santa Ana, California-based Corinthian Colleges operates 111 total campuses in North America with 24 Heald, Everest and WyoTech colleges in California that have an estimated 27,000 students. (Photo by Justin Sullivan/Getty Images)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[The CEO Pay Ratio Rule Is a Failed Experiment]]></title>
            <description><![CDATA[The SEC should scrap the disclosure requirement and focus on matters more relevant to investors.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-05-26/the-ceo-pay-ratio-rule-is-a-failed-experiment</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2022-05-26/the-ceo-pay-ratio-rule-is-a-failed-experiment</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Thu, 26 May 2022 10:00:49 GMT</pubDate>
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                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iSzM6JcpUS9o/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Working but not counted.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Forcing Companies to Diversify Their Boards Works]]></title>
            <description><![CDATA[A California law mandating diversity was a success before a judge declared it unconstitutional.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-04-14/forcing-companies-to-diversify-their-boards-works</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Thu, 14 Apr 2022 11:00:03 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ijfcny.wXCm4/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ijfcny.wXCm4/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Pursuing diversity.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Carl Icahn Is a Valuable Ally for Pregnant Pigs]]></title>
            <description><![CDATA[Animal-rights advocates might actually make some progress with the takeover-artist-turned-activist-investor on their side.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2022-04-06/carl-icahn-is-a-valuable-ally-for-pregnant-pigs</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2022-04-06/carl-icahn-is-a-valuable-ally-for-pregnant-pigs</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Wed, 06 Apr 2022 11:00:17 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iIwhWZGlXFV0/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iIwhWZGlXFV0/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Treat them right.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[The SEC Is Going Too Easy on Insider Trading]]></title>
            <description><![CDATA[Investors need to know more about executives’ stock-selling plans.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-12-28/the-sec-is-going-too-easy-on-insider-trading</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Tue, 28 Dec 2021 11:00:10 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i8DdcGYXcsRQ/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i8DdcGYXcsRQ/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>More ambition, please.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[These Stock Options Deserve the SEC’s Scrutiny]]></title>
            <description><![CDATA[Spring-loaded grants allow executives to enrich themselves at the investing public’s expense. Regulators are right to get tougher on the practice.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-12-08/these-stock-options-deserve-the-sec-s-scrutiny</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Wed, 08 Dec 2021 12:00:23 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/imHHyx9nYdtk/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/imHHyx9nYdtk/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Good move, Gary.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Are Roblox Investors Taking Outage Seriously Enough?]]></title>
            <description><![CDATA[The video-game company is trying to reassure its shareholders, but they may be turning a blind eye to a potential problem.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-11-19/roblox-outage-sends-up-a-red-flag-investors-ignore</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Fri, 19 Nov 2021 12:00:39 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iejs5mb.zw9k/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iejs5mb.zw9k/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Roblox Corp. website home screen on a laptop computer arranged in Little Falls, New Jersey, U.S., on Wednesday, Dec. 9, 2020. Roblox designs and develops online games such as internet three-dimensional and tutorial games.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Financial Twitter, Beware. The Cops Are On to You]]></title>
            <description><![CDATA[“Alex Delarge” talked up a lot of penny stocks. It didn’t go well for investors.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-10-29/financial-twitter-beware-the-cops-are-on-to-you</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Fri, 29 Oct 2021 12:30:09 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iftftGSccfGQ/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iftftGSccfGQ/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Maybe not the best place to get investing advice.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Insider Trades Shouldn’t Leave Investors Guessing]]></title>
            <description><![CDATA[The public needs more assurance that executives aren’t taking undue advantage of their privileged knowledge.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-10-25/insider-trades-shouldn-t-leave-investors-guessing</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Mon, 25 Oct 2021 10:30:08 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iMGMYZcuRy2o/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iMGMYZcuRy2o/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Aiming for better disclosure.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[What Was Coinbase Thinking When It Dissed the SEC?]]></title>
            <description><![CDATA[The crypto exchange has made itself Exhibit A on the need for tougher regulation.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-09-15/what-was-coinbase-thinking-when-it-dissed-the-sec</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Wed, 15 Sep 2021 13:00:23 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ikFHc2x0Dw78/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ikFHc2x0Dw78/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Define “sketchy behavior.”</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Warby Parker Is Great at More Than Just Eyeglasses]]></title>
            <description><![CDATA[If only more companies could be so sensible and straightforward.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-08-31/warby-parker-s-ipo-prospectus-made-my-day</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Tue, 31 Aug 2021 11:00:22 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iX8uDjV6u_Pk/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iX8uDjV6u_Pk/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Keeping it simple.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Can $30 Million Solve Robinhood’s Legal Issues?]]></title>
            <description><![CDATA[That’s just part of what it’s paying its team of former regulators.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-07-19/can-30-million-solve-robinhood-s-legal-issues</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Mon, 19 Jul 2021 10:00:14 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVPZuDIGeang/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVPZuDIGeang/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Political issue.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Same Job, But the Woman Makes $200,000 Less]]></title>
            <description><![CDATA[Disparities in executive pay need to be more embarrassing.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-07-02/gender-pay-inequality-same-job-but-the-woman-makes-200-000-less</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Fri, 02 Jul 2021 10:00:17 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i.HkXes8E4h4/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i.HkXes8E4h4/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>NEW YORK, NY - DECEMBER 05: Honoree Ginny Rometty, Chairman, President &amp; CEO, IBM speaks at the Ad Council&apos;s 65th Annual Public Service Award Dinner at New York Hilton Midtown on December 5, 2018 in New York City. (Photo by Rob Kim/Getty Images for the Ad Council)</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[The Stock Market Enters Late-Stage Fanaticism]]></title>
            <description><![CDATA[The fervor surrounding even tiny stocks seems unhealthy and largely unsustainable.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-06-22/the-stock-market-enters-late-stage-fanaticism</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2021-06-22/the-stock-market-enters-late-stage-fanaticism</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Tue, 22 Jun 2021 10:30:29 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iZQXjT.LY_kA/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iZQXjT.LY_kA/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>This is how weird the stock market is getting.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Is a CEO Worth 1,000 Times the Median Worker?]]></title>
            <description><![CDATA[Companies were right to fear pay-ratio disclosure. It’s embarrassing.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-06-01/is-a-ceo-worth-1-000-times-the-median-worker</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2021-06-01/is-a-ceo-worth-1-000-times-the-median-worker</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Tue, 01 Jun 2021 10:30:18 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ijiPEwsgnwRs/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ijiPEwsgnwRs/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Well paid.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Who Pays $24 Million to Protect Mark Zuckerberg?]]></title>
            <description><![CDATA[Shareholders do. And that’s just one example of how Covid-19 hasn’t stopped the corporate-perk parade.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-05-03/who-pays-24-million-to-protect-mark-zuckerberg</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2021-05-03/who-pays-24-million-to-protect-mark-zuckerberg</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Mon, 03 May 2021 10:00:18 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iv2RVwwtWDys/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iv2RVwwtWDys/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Highly recognizable executive.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[When the CEO’s Son Makes $3 Million, I Worry]]></title>
            <description><![CDATA[Executives hiring their relatives is not a good sign.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-04-22/when-the-skechers-ceo-s-son-makes-3-million-i-worry</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Thu, 22 Apr 2021 11:00:03 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iesQqzvVuYvw/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iesQqzvVuYvw/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>Keeping it in the family.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[Why I've Become a Shareholder Who Doesn't Vote]]></title>
            <description><![CDATA[Shareholders can express themselves, but companies don’t necessarily listen.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-04-06/why-i-ve-become-a-shareholder-who-doesn-t-vote</link>
            <guid isPermaLink="true">https://www.bloomberg.com/opinion/articles/2021-04-06/why-i-ve-become-a-shareholder-who-doesn-t-vote</guid>
            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Tue, 06 Apr 2021 10:30:07 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iq1zjm4JghEs/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
                <media:thumbnail url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iq1zjm4JghEs/v1/piHJkQ_WoLj1E/-1x-1.jpg"/>
                <media:description>But maybe not in a company election.</media:description>
            </media:content>
        </item>
        <item>
            <title><![CDATA[When Will We Know if the SEC Is Serious About Climate Change?]]></title>
            <description><![CDATA[Maybe it’s too conflicted.]]></description>
            <link>https://www.bloomberg.com/opinion/articles/2021-03-30/maybe-the-sec-is-serious-about-climate-change</link>
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            <category><![CDATA[world]]></category>
            <dc:creator><![CDATA[Michelle Leder]]></dc:creator>
            <pubDate>Tue, 30 Mar 2021 11:00:08 GMT</pubDate>
            <media:content url="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iQkTk9_ZzJfo/v1/piHJkQ_WoLj1E/-1x-1.jpg" type="image/jpeg">
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                <media:description>Risky business.</media:description>
            </media:content>
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