TASK DEFINITION: Given a document, generate a short title of the document. The title should convey the main idea/event/topic about which the document is being written. Note that URLs in the text have been replaced with [Link].
PROBLEM: Mayor Rahm Emanuel on Thursday continued to defend his handpicked Chicago Public Schools chief in the face of a searing inspector generalâs report that accuses district CEO Forrest Claypool of engaging in a âfull-blown cover-upâ to ward off an ethics probe.
 Claypool  ârepeatedly liedâ during the investigation by denying  he  had asked an attorney to alter a bill for legal advice on an ethics issue involving the districtâs top attorney  said Inspector General Nicholas Schuler  who has recommended that  Claypool  be fired. âIâm not looking at freaking bills  â Claypool  said in one interview with investigators  according to Schulerâs report.
âAt every turn in this matter   Claypool  kept making matters worse. And it appears that  his  decisions were driven by a clear desire to keep information harmful to  his  narrative from the Board  the OIG and the public â Schuler wrote.
 Claypool  met privately with school board members on Thursday and issued a lengthy statement in which  he  apologized for âmistakes in judgmentâ while defending  his  legacy and making it clear  he  disagrees with Schulerâs interpretation of CPS ethics policy.
âTo put this in perspective: This situation is about how I zealously tried to get Chicago students their fair share of state education dollars  after years and years of racial discrimination  and getting those kids the best possible legal representation â said  Claypool   who canceled a scheduled appearance at a North Side elementary school on Thursday. He did not directly address Schulerâs most damaging allegations.
Claypoolâs alleged cover-up turned an investigation into whether district attorney Ronald Marmer violated CPS ethics policies on contracts and business relationships into a call for  Claypoolâs  termination. Schuler also is recommending that Marmer be disciplined with a âlengthy suspension or even termination.â
Marmer is one of several of  Claypool 's former colleagues and past political donors who have won district jobs and consulting contracts. He has received annual payments of roughly $200 000 as severance from the law firm of Jenner & Block in addition to his CPS salary.
Three attorneys on a CPS ethics committee concluded Marmer couldnât manage the contract because his severance payments created a âbusiness relationshipâ with Jenner.. A fourth CPS attorney  Joseph Moriarty  was told of the committeeâs decision and agreed with it. Moriarty told Schuler that Marmer âbecame concerned by the decision â and was going to speak with  Claypool .
 Claypool  and Marmer then turned to former CPS general counsel Patrick Rocks for another opinion  Schuler said. In a conference call with  Claypool  and two other attorneys  Rocks said he agreed with CPS' legal consensus.
 So Claypool  and Marmer decided to ask labor attorney James Franczek for his take. Franczek also agreed with the previous opinions  which didnât go down well with  Claypool  and Marmer. He later sent an email to Moriarty that said âI think I am off the xmas card list.â
 Claypool  ultimately turned to political donor J. Timothy Eaton  who  according to Schulerâs report  served as a teacherâs assistant for a college course  Claypool  took while Eaton was a law student.
 âClaypool  attempted to paper over the opinions of the six attorneys with Eatonâs letter â Schuler wrote in his report. In addition  after the IGâs investigation had begun  Marmer complained about Franczekâs bill  which had âCPSâs Code of Ethicsâ and âethics issuesâ listed on it.  Claypool  asked Franczek to change the listings. Franczek then crossed out the entries and hand wrote âpersonnelâ and âpersonnel issuesâ in their place  the report says.
Franczek delivered the reworded invoice back to  Claypool  with a cover letter marked âFor Forrest Claypoolâs Eyes Only.â
In interviews with the IG during the investigation   Claypool â unequivocally  emphatically and repeatedlyâ denied  he  had asked Franczek to make changes to the bill  and said â he  would never have been involved in such lowly billing matters.â
But last month  in a letter to Schuler's office   Claypool  apologized for intervening to reword the invoice.  Claypool 's letter acknowledged Schuler had documents that contradicted the CEO's initial claim.
â He  turned 180 degrees from claiming certain memory to no memory at all â Schuler wrote in  his  report. â His  letter was designed to taint the Boardâs reception of the OIGâs final report by falsely portraying lies on two separate occasions as mere lapses of memory.â

SOLUTION: CPS watchdog says CEO Forrest Claypool ' repeatedly lied' during ethics probe

PROBLEM: Warren Buffett's  plans to eventually pass the reins of Berkshire Hathaway to a successor took has taken a major new step. On Tuesday   Buffett  laid out why Greg Abel  CEO of Berkshire Hathaway  and Ajit Jain  head of its insurance operations  will join Charlie Munger as vice chairman of the $500 billion conglomerate.
Jain  by contrast  oversees Berkshire's gigantic insurance outfit  where he's shown deft underwriting skill and the discipline to trim exposures to overly competitive markets like catastrophic insurance and reinsurance when pricing is unfavorable. A native of India  Jain came to the U.S. to get an MBA at Harvard and then cut his teeth at consultancy McKinsey. In 1985  he was hired by  Buffett  to work in Berkshire's insurance operations. Said  Buffett  in a 2009 shareholder letter  "I immediately knew we had found a superstar." A decade later  the division was bolstered by  Buffett 's acquisition of the Geico shares Berkshire didn't already own. From an insurance float of $3.6 billion in 1995  Berkshire's float now stands at about $100 billion annually.
In addition to Abel and Jain  Berkshire's investing business also has two rising figures.  Buffett  is increasing  his  allocations of Berkshire funds to lieutenants Todd Combs and Ted Weschler  who each manage over $10 billion  and have led the conglomerate to positions ranging from Apple to Charter Communications.
As succession plans harden   Buffett  and Munger will continue in their existing positions. That means they will continue to be overseeing major capital allocation decisions and investment activities  for instance any major deals. In addition to making headlines for Berkshire's succession plans   Buffett  also made headlines for  his  views on the wider investing landscape.
Most notably   Buffett  said tax reform will have a big impact on Berkshire's owners  telling CNBC's Quick that shareholders effectively have seen their ownership of  the company 's profits rise by over 20% as corporate rates have fallen from 35% to 21%.
About crypto currencies   Buffett  said today's euphoria inevitably will lead to heart break. "If I could buy a five year put on any of the crypto currencies I would do it "  Buffett  said  admitting  he  would never short the speculative asset because it's not something  he  knows well.  He  dished out the following common sense  "why in the world should I take a short position in something I don't know anything about."
But  his  views are crystal clear. "I think what's going on definitely will come to a bad ending "  Buffett  said.
Warren Buffett: My Greatest Investing Advice And The Investments Everyone Should Make

SOLUTION: Berkshire Hathaway Names Abel And Jain As Vice Chairmen As Buffett Succession Plans Sharpen

PROBLEM: Director Taika Waititi with Tessa Thompson (in costume as Valkyrie) on the set of âThor: Ragnarok .â (Disney/Marvel Studios)
IF EVEN a modest mainstream hit can turn Hollywood into your oyster  than Taika Waititiâs universe is now a string of pearls.
 Waititi  has been on the industryâs radar for more than a decade  since  his  first film release  the 2004 short âTwo Cars  One Night â scored an Oscar nomination (a short that later begot the feature film âBoyâ). But  he  was in no hurry to make big-budget movies like  his  somewhat subversive new âThor: Ragnarok â which has grossed more than $430 million worldwide.
Unlike other Marvel directors such as James Gunn and the Russo brothers   Waititi  has such an uncommon approach to directing a superhero movie that  he  might not even accept a shot at a sequel if Disney and Team Feige offered. It wasnât even Thor  as character or story  that particularly attracted the New Zealand native to saying yes to entering the Marvel Cinematic Universe.
âWhen I think of the comics  not muchâ is appealing   Waititi  tells The Postâs Comic Riffs of the Thor stories. âOther than  heâs basically an alien  he has access to these different worlds  and thatâs a cool way of [taking] the audience on an interesting adventure. He can fly in outer space and â¦ meet these crazy characters that youâd never see on Earth.â
(As for the Thor visuals as opposed to the comics stories   Waititi  does acknowledge: âAll these â70s comic books were so bright and colorful with these splash pages and bold art. â¦ It was a conscious decision to embrace that Jack Kirby artâ in âRagnarok.â)
When talking with  Waititi   you get the sense that  he  would get easily bored if  he  stuck with one genre or franchise for too long. As a kid   he  says   he  was attracted to painting and writing and theater and music  and filmmaking simply became a way to integrate all those passions. As a 42-year-old filmmaker  his interests seem creatively free-ranging and voracious.
All those elements work winningly in such indie films of  his  as âEagle vs. Sharkâ and âWhat We Do in the Shadowsâ (both co-starring Clement)  as well as âHunt for the Wilderpeople â and even his early mockumentary short âFlight of the Conchords: The Road to the Edinburgh Fringe Fest â in which he plays a clueless band manager worthy of âThis Is Spinal Tap.â (Even a Waititi TED talk is amusing as a self-aware intellectual walkabout â at times nearly a TED talk deconstructed.)

SOLUTION:
Now that the âThor: Ragnarokâ director has conquered the world whatâs next?