There’s falling from grace, and then there’s Elizabeth Holmes. Once compared glowingly to Steve Jobs, Holmes’ well-documented Theranos ills (including exaggerated and faked blood-test results) have landed her with SEC accusations of orchestrating a $700 million fraud – NYTimes and WSJ and Bloomberg and Marketplace and Law360

And while it was in a litigious mood, the SEC also charged former Equifax CIO Jun Ying with insider trading based on his sale of “nearly $1 million in company stock after he learned about a major data breach in 2017 but before it was publicly announced” – NYTimes and WSJ and MarketWatch and Law360

Big Mouse is in the midst of a corporate overhaul as it prepares to integrate 21st Century Fox’s assets, and the question of Bob Iger’s successor is front and center in the reorg – WSJ

 It’s official: CNBC’s Larry Kudlow has been tapped to succeed Gary Cohn as the White House’s top economic adviser and head of the National Economic Council – NYTimes and WSJ and Bloomberg

The Journal’s latest 10-year-reflection piece on Bear Stearns’ fall has a decidedly more ominous tone (about the prospect of another financial crisis, at least) – WSJ

Unilever’s making its own Brexit in the form of ditching its London HQ in favor of the Netherlands – NYTimes and WSJ

Societe Generale Deputy CEO Didier Valet is out after a cryptically described “divergence of approaches” in the handling of a “specific legal matter predating his appointment to that role.” Valet, SocGen’s former CFO, had been considered a potential successor to current CEO Frederic Oudea – Bloomberg

Not one to shy away from a fight, Walmart’s pushing back against Amazon and Target with the announcement yesterday that it will begin delivering groceries to consumers in more than 100 US cities by the end of the year – NYTimes

Carl Icahn’s sharpening his activist claws in preparation for a showdown with Xerox, and he’s tapped tech exec John Visentin as a consultant to assist in the proxy battle – WSJ

The Senate’s just-passed bill ostensibly aimed at rolling back certain Dodd-Frank provisions to help small and midsized banks contains plenty of goodies for the decidedly un-small custody banks that manage or have under their control trillions of dollars of assets – WSJ and Bloomberg and ThePost and Law360

Reflections on pi—a day late and $3.14 short—and its ability to “put infinity in reach” – NewYorker