Beauty Contest

Fly Charts: Estee Lauder Chatter to Oncor's Final Encore

From the death of airline hubs to the CEO pay debate, here are four charts that tell you what you need to know in business today.
Photographer: Cooper Neill/Getty Images
ESTEE LAUDER COMPANIES-CL A
+2.30
At Closing, May 21nd
147.79 USD
SEMPRA ENERGY
+0.67
At Closing, May 21nd
102.64 USD

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From the death of airline hubs to the CEO pay debate, here are four charts that tell you what you need to know in business today.

Beauty Queen

Cosmetics maker Estee Lauder is an appealing takeover candidate for either Unilever or L'Oreal, which may see room to improve the company's profit margins.

Source: Bloomberg

Dividing the Pie

The layered structure of Sempra's proposed deal for Oncor Electric means that, after financing costs, it would have a claim on a little less than one-third of Oncor's allowed earnings.

Source: Oncor, Sempra, Bloomberg Gadfly analysis

Note: Oncor earnings assumptions as per article. Split assumes 50/50 equity and debt financing for Sempra's stake in holding company; 4 percent cost of debt, tax-adjusted at 35 percent.

Gaining Altitude

What connects a Qantas plane capable of spanning the earth to a Cathay one that can't even make it from Hong Kong to Sydney? The answer likes in the decline of global aviation hubs. 

Source: Bloomberg

Note: Normalized to date when Qantas-Emirates alliance started. April 4, 2013=100.

Climbing Compensation

British bosses are clamoring for Theresa May to come up with a strategy for Brexit, but instead they're getting more regulation around executive pay.

Source: High Pay Centre

And don't miss Tim Culpan on how Samsung's chief-in-waiting is actually hiding in plain sight: "Whether or not Jay Y. Lee's conviction and imprisonment on charges of bribery and embezzlement affect his position as a director (he will appeal), the court case has uncovered one important element: The younger Lee isn't competent to run the company. Given Kwon Oh-hyun's role as chairman of the board and in running the largest part of the business, it seems natural that he be the new -- albeit reluctant -- leader. "

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Tara Lachapelle in New York at tlachapelle@bloomberg.net

    To contact the editor responsible for this story:
    Beth Williams at bewilliams@bloomberg.net

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