Klaus Kleinfeld is out as CEO of Alcoa-subsidiary Arconic.  Kleinfeld’s two-year tenure was marked by problems, and Kleinfeld did himself no favor with an un-Board-authorized letter that he sent to activist-investor Elliott Mgmt – NYTimes and WSJ and Bloomberg

White Collar Watch uses a spate of recent events—from Wells Fargo’s recent investigatory report into its fake account scandal to KMPG’s auditing troubles to VW and United—to walk us through the apparent ease with which money can muddy the waters of corporate ethics – NYTimes

Ant Financial’s showing that it’s not joking around about Money Gram and the promise of a foothold in the US market, upping its takeover bid to $1.2 billion – WSJ and Law360

Take note, nascent tech companies: Silver Lake’s got a pocketful of cash, and it’s looking to spend – NYTimes

The SEC is taking a hard look at Statim Holdings Inc, an Atlanta-based firm that has apparently promised investors that its main hedge fund won’t lose money.  Nothing suspicious there, right? – Bloomberg

Theranos’ latest concession in its ongoing battle to resurrect itself is the promise not to operate its blood lab for two years – WSJ

The now-nine-member Supreme Court heard rare afternoon arguments yesterday on the effects of a class-action filing on a three-year time limit for certain securities claims under Securities Act of 1933 Section 13 – Law360

Does Coke really taste better at Mickey D’s?  There are some ad wizards who are banking on your answer to that being “yes” – NYTimes

Meanwhile, Wendy’s offered up a side of sass with its 4 for $4 deal – HuffPo