Keyword: compensation

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  • US applications for jobless aid rise, but still near lows

    03/31/2016 6:13:55 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Mar 31, 2016 8:35 AM EDT | Josh Boak
    More Americans sought unemployment benefits last week, but applications still stayed near historic lows that point to a stable job market. […] Weekly jobless claims have remained below the crucial threshold of 300,000 for more than a year, a level that usually corresponds with monthly gains in excess of 200,000. Economists expect that Friday’s jobs report will show that employers hired roughly 200,000 workers in February as the unemployment rate held at an eight-year low of 4.9 percent. …
  • Hillary - The Queen Bee...

    10/19/2015 2:05:15 PM PDT · by 100American · 9 replies ^ | October 2015 | Adam Galinsky and Maurice Schweitzer
    Meow! Queen bees: When women exclude women Similarity attracts. Over a hundred years of social-science research reveals that people prefer to associate with people like themselves. In hiring and promoting employees, people select people who went to the same schools they did, grew up in the same towns, think like them . . . and belong to the same gender. This is an almost universal truth, except for what we call the queen bee. In nature, bees epitomize cooperation, with one exception: queen bees—the rulers of the hive. They don’t cooperate; they compete. And as they compete, they can sting....
  • Pay Hike Needed to Boost Congress’ Morale [semi-satire]

    05/25/2015 10:35:57 AM PDT · by John Semmens · 2 replies
    Semi-News/Semi-Satire ^ | 23 May 2015 | John Semmens
    Several Democrats, including Minority Whip Steny Hoyer (Md), made the case for higher compensation this week citing “the low morale among those of us in the legislature who can only salivate at the sums being hauled in by ex-presidents and others for trifling amounts of work. As members of a body of 435 we won’t have the same name recognition. We won’t be invited to pontificate on sundry topics for piles of cash.” Rep. Alcee Hastings (D-Fla) seconded Hoyer’s remarks saying “we need to get a bigger piece of the pie now! We pass laws doling out billions to important...
  • Meet the SEC's 6,500 Whistleblowers

    07/29/2014 6:08:51 PM PDT · by afraidfortherepublic · 8 replies
    WSJ online ^ | 7-29-14 | Maxwell Murphy
    What do four adult entertainers, 138 engineers, a handful of pilots and a pastor have in common? They all think they have hot tips about an alleged financial fraud. They are also among the more than 6,500 people who have offered confidential information under the whistleblower program of the Securities and Exchange Commission. The agency set up the program in mid-2011 with hopes of eliciting dirt on corporate wrongdoers. It offers a bounty of up to 30% of penalties for any monetary sanctions the agency extracts that exceed $1 million. The potential windfall has attracted tips from at least 68...
  • Court Orders State to Compensate Arab Land Claims

    06/24/2014 3:08:16 PM PDT · by Eleutheria5 · 5 replies
    Arutz Sheva ^ | 25/6/14 | Ari Yashar
    A court on Tuesday ordered the state to pay compensation to local Arabs over their claims of having owned land in the Jewish community of Amona, located to the north of Jerusalem. The six Arab claimants were given a total of 300,000 shekels ($85,700), and further the court ordered that if the Jewish residents of the town on the land claimed by the Arab side are not removed by 2015, the state must pay another 48,000 shekels ($13,500), reports AFP. The extreme left legal group Yesh Din praised the ruling, saying "now what is required is evacuation and we're going...
  • Public School Teacher To North Carolina Senate: 'I Am Embarrassed To Confess: I Am A Teacher'

    05/14/2014 6:47:00 AM PDT · by blam · 88 replies
    BI ^ | 5-14-2014 | Caroline Moss
    Public School Teacher To North Carolina Senate: 'I Am Embarrassed To Confess: I Am A Teacher' Caroline Moss “I am embarrassed to confess: I am a teacher.” That was the subject line of an email Sarah Wiles, a science teacher in Charlotte, North Carolina, sent to all 170 members of the North Carolina General Assembly last week. Wiles talked about her concerns that teachers were not being paid enough. She says she personally has only seen a pay increase once in six years, even though she says she loves her students and has always gone above and beyond to do...
  • Marissa Mayer's second-in-command gets a $58million severance package after working..15 months

    04/17/2014 9:11:50 AM PDT · by C19fan · 27 replies
    UK Daily Mail ^ | April 17, 2014 | Staff
    Yahoo’s recently fired chief operating officer has received a final severance package of $58million after only working at the internet company for 15 months. A new regulatory filing released Wednesday revealed the eight-figure payout that Henrique de Castro was given by his former boss, Marissa Mayer, after she both hired and fired him in just over a year. Mayer dumped de Castro, who was in charge of ad sales, in January after concluding he wasn't executing on her plan for reviving Yahoo's lackluster ad growth.
  • JPMorgan boosts CEO Dimon’s Pay to $20 Million

    01/24/2014 12:06:56 PM PST · by lbryce · 6 replies
    AP via Washington Post ^ | January 24, 2014 | Staff
    JPMorgan Chase almost doubled Chairman and CEO Jamie Dimon’s pay for 2013, rewarding the executive for settling probes against the bank. Dimon will receive total compensation of $20 million in 2013, consisting of $18.5 million in stock options and a base salary of $1.5 million, the bank said in a statement Friday.
  • VA: Veterans’ Benefits Will Be Suspended in Prolonged Shutdown

    10/08/2013 4:13:10 PM PDT · by 2ndDivisionVet · 48 replies
    WRC-TV / NBC News ^ | October 8, 2013 | Scott MacFarlane
    Military veterans will lose many of their veterans’ benefits in “late October” if the government shutdown persists, according to newly-released U.S. Department of Veterans Affairs documents. The VA has been continuing to make payments to veterans in the days since the Oct. 1 government shutdown, but agency officials say the pool of available money is dwindling. “Claims processing and payments in the compensation, pension, education and vocational rehabilitation programs are anticipated to continue through late October. However, in the event of a prolonged shutdown, claims processing and payments in these programs would be suspended when available funding is exhausted,” said...
  • European Court: Railways Must Reimburse for Weather Delays

    09/26/2013 1:47:09 PM PDT · by Olog-hai · 16 replies
    Der Spiegel ^ | September 26, 2013 – 02:11 PM | (dsk—with wires)
    European railway companies must give partial refunds to passengers who are significantly delayed by bad weather, natural disasters or strikes after a ruling by the European Court of Justice (ECJ). The judgment is a blow for train firms who up until now only had to pay out if they were at fault. … The Luxembourg court ruled on Thursday that the rules exempting train companies in cases of force majeure, i.e. where the problems are out of their control, “relate only to the right of passengers to receive compensation for damage or loss resulting from the delay or cancellation of...
  • Money Well Spent? An Analysis of Congressional Compensation

    08/28/2013 7:16:01 AM PDT · by SeekAndFind · 3 replies
    Townhall ^ | 08/28/2013 | David Williams
    August in D.C. usually means hot weather and empty halls of Congress, and this year is no different. Congress has been on recess for the entire month and isn’t expected to be back in session until September 9. With this type of leisurely schedule one would think that our lawmakers are ahead of schedule in completing their work on the annual spending bills and have a firm plan in place for the debt limit. Not exactly. When Congress returns to Washington D.C. they will have a litany of work to complete. With this record of inaction and inefficiency so clear,...
  • The Wrong People Care About CEO Pay, And They Care For The Wrong Reasons

    07/19/2013 7:20:54 AM PDT · by SeekAndFind · 30 replies
    Forbes ^ | 07/19/2013 | Jeffrey Dorfman
    The New York Times editorialized against “lavish” executive pay this past Sunday (July 14). I agree with The Times editorial board that there are problems with executive pay, but disagree completely with their editorial. They may be right that CEO pay is excessive, but it is for the wrong reasons. In particular, their arguments against high executive pay are irrelevant and they miss the one valid argument to rein it in. First, The Times is worried about the pay gap, the difference between CEO pay and the earnings of the average company employee. They report that average CEO is paid...
  • Sued over cuts and grazes: Schools rip out playgrounds as compensation claims soar

    04/14/2013 1:49:00 AM PDT · by Olog-hai · 31 replies
    Sunday Express (UK) ^ | Sun., April 14, 2013 | David Paul
    Schools have begun ripping out swings and slides from playgrounds because they can no longer afford huge compensation payouts when children suffer minor cuts and grazes. The claims have become so common that even school trips to the seaside are being canceled in case pupils injure themselves while paddling in the sea and their parents then sue. Education authorities face big bills even if a child is hurt while defying school rules by climbing walls or trees. Lawyers all over the country are fueling the problem by offering parents no-win no-fee deals. Some firms have even set up telephone hotlines...
  • Turks Expect 'Tens of Millions' in Compensation from Israel

    03/26/2013 5:49:57 PM PDT · by Eleutheria5 · 16 replies
    Arutz Sheva ^ | 26/3/13 | David Lev
    Justice Minister Tzippy Livni on Sunday spoke with Turkish Foreign Minister Ahmet Davutoglu, discussing the possibility that Israel would pay reparations to the families of nine Turkish supporters of Hamas who were killed in 2010 aboard the Mavi Marmara, after they attempted to attack and murder IDF soldiers as part of the Gaza flotilla. Turkey's vice-premier, Bulenbt Arink, told Turkish media Sunday that a meeting and discussion in compensation had taken place, but gave no details. Turkish media reported Sunday that the families were due to receive “tens of millions of dollars” in compensation. Israel has named former director general...
  • Pepco boss got megawatt pay boost despite problems

    07/04/2012 6:09:59 PM PDT · by Tolerance Sucks Rocks · 5 replies
    The Washington Times ^ | July 3, 2012 | Jim McElhatton
    Pepco’s chief executive, Joseph Rigby, didn’t get a salary increase last year because of “customer reliability issues,” but he still managed to double his overall compensation, regulatory filings show. Thanks mostly to an employment deal and supplemental executive retirement plan, Mr. Rigby’s overall compensation rose to nearly $7.2 million last year, according to Securities and Exchange Commission filings. With hundreds of thousands of Pepco customers in the District of Columbia and Maryland left without electricity for days in sweltering temperatures after a violent storm Friday, Mr. Rigby’s compensation is likely to get a closer look as questions emerge about the...
  • U.S. Firms Brace For U.K.-Style Shareholder Revolt

    06/09/2012 7:58:04 AM PDT · by blam · 10 replies
    Market Watch ^ | 6-8-2012 | Sara Sjolin
    U.S. Firms Brace For U.K.-Style Shareholder Revolt By Sara Sjolin, MarketWatchJune 8, 2012, 4:24 a.m. EDT LONDON (MarketWatch) — Corporate boards in the U.S. should brace themselves for mounting dissatisfaction with executive pay in coming years, as the current “shareholder spring” in Europe likely will spill across the pond for next year’s proxy season. Prominent U.S. companies like Citigroup Inc. /quotes/zigman/5065548/quotes/nls/c C +3.20% and NYSE Euronext /quotes/zigman/421745/quotes/nls/nyx NYX -0.69% have already felt the echo from the European revolts, although the scope for shareholders’ anger remains to be seen in the U.S. “The fact that there have been large pay outs...
  • Insurance Scammers Featured on ABC News (Video)

    04/26/2012 7:44:15 AM PDT · by KeyLargo · 3 replies
    ABC news ^ | April 25, 2012 | By Christina Bramlet,
    Insurance Scammers Featured on ABC News MMA Fighter, Prison Guard Cases Emphasize Billion-Dollar Problem By Christina Bramlet, April 25, 2012 An ever-evolving multitude of insurance scams continue to plague the industry, ultimately costing both insurers, policyholders and taxpayers hundreds of millions of dollars. P&C insurers especially face a host of challenges in combating fraud, such as poor conviction rates and inadequate resources. Even so, through decisive action and collaboration between claims investigators and law enforcement, noteworthy gains have been realized, made evident recently by some high-profile PIP fraud stings in New York and Florida. Further mitigating fraud and, by...
  • Activist "letter" attacks Buffett's co.

    04/02/2012 1:43:53 PM PDT · by 49parallel · 2 replies ^ | April 1, 2012 | Baker street Capital
    April 1, 2012 Board of Directors Berkshire Hathaway Inc. 3555 Farnam Street, Suite 1440 Omaha, NE 68131 Dear Members of the Board... ..."Compensation: "We believe that the board has conveniently chosen to maintain the status quo and ignore these critical issues in order to preserve the directors’ generous board fees, .... As a result, the board has stood by idly as the stock price has lagged the general market during the past three months... Given the directors’ excessive board fees and lack of economic ownershipin the business, it is not surprising that the Berkshire board has fought for years to...
  • “How You Like That Pay, Soldier?”

    01/26/2012 9:06:12 AM PST · by rotstan · 4 replies
    Time Magazine Battleland Blog ^ | January 26, 2012 | Mark Thompson
    Troops get paid in lots of different ways. There’s basic pay, allowances, bonuses, incentives and assorted housing, health and retirement bennies. Is this the best way to compensate U.S. military personnel? In other words, are we getting the biggest bang for the taxpayer’s buck with this rucksack of options? Defense budget pro Todd Harrison of the independent Center for Strategic and Budgetary Assessments is trying to figure this out. He’s launching an on-line survey to see what the troops think.

    01/10/2012 2:20:24 PM PST · by antidemoncrat · 23 replies
    The Blaze ^ | 1/9/2012 | Tiffany Gabbay
    State officials sterilized more than 7,600 people in North Carolina from 1929 to 1974 under eugenics programs, which at the time were aimed at creating a better society by weeding out people such as criminals and mentally disabled people considered undesirable.
  • Power consortium to demand $1.89 bln from N. Korea over failed energy project(???)

    11/14/2011 3:11:27 AM PST · by TigerLikesRooster · 5 replies
    Yonhap News ^ | 11/14/11
    Power consortium to demand $1.89 bln from N. Korea over failed energy project SEOUL, Nov. 14 (Yonhap) -- An international consortium once tasked with building two power-generating nuclear reactors in North Korea will soon demand that the communist country provide US$1.89 billion in compensation for the project's failure, a Seoul official said Monday. The demand comes after North Korea filed its own compensation claim worth some $5.8 billion in September, saying it suffered heavy financial losses and other troubles from the failed project. In a 1994 deal linked to North Korea's promise to denuclearize, the Korean Peninsula Energy Development Organization...
  • Japan: Residents furious over 60-page application, 160-page manual for TEPCO compensation

    09/20/2011 3:35:12 AM PDT · by TigerLikesRooster · 6 replies
    Residents furious over 60-page application, 160-page manual for TEPCO compensation Residents affected by the ongoing crisis at the Fukushima No. 1 nuclear plant are furious after learning they will have to wade through a 60-page application form -- accompanied by a 160-page manual -- to seek compensation from the plant's operator, Tokyo Electric Power Co. (TEPCO). The company, which on Sept. 12 started sending out documents for individual compensation claims for the period between March and August, says its careful explanation of the process resulted in a large amount of documentation. However, this hasn't appeased residents. "One can only assume...
  • China: Bereaved families criticize Beijing's 'incentive money'

    07/28/2011 2:56:40 AM PDT · by TigerLikesRooster · 9 replies
    Asahi Shimbun ^ | 07/28/11 | ATSUSHI OKUDERA
    Bereaved families criticize Beijing's 'incentive money' BY ATSUSHI OKUDERA CORRESPONDENT WENZHOU, China--Attempts by the Chinese government to quickly settle compensation matters with victims of the July 23 train collision on its high-speed railway have triggered another round of criticism from the bereaved families. An official with the Railways Ministry said July 26 that some bereaved families had agreed to compensation totaling 500,000 yuan (6.25 million yen, or $78,800). However, because the offer included what was described as "incentive money" to encourage families to reach an early agreement, some families complained that the government was placing too low a priority on...
  • UAW wants bigger cut of Detroit's newfound profits

    07/25/2011 10:14:07 AM PDT · by ThinkingBuddha · 28 replies
    Yahoo Finance ^ | 07/24/2011 | AP
    To help American carmakers stay in business, autoworkers grudgingly gave up pay raises and some benefits four years ago. Now that General Motors, Ford and Chrysler are making money again, workers want compensation for their sacrifice. Just how much they get is the central question hanging over contract talks that start this week between Detroit and one of the nation's largest and most powerful unions. The negotiations, the first since Chrysler and GM took government aid and emerged from bankruptcy, will set wages and benefits for 111,000 members of the United Auto Workers, including those at Ford, which avoided bankruptcy...
  • EU offers farmers 210 mil. euros over food scare($300 mil.)

    06/09/2011 8:38:01 AM PDT · by TigerLikesRooster · 7 replies
    NHK ^ | 06/09/11
    EU offers farmers 210 mil. euros over food scare The European Union has offered to pay 210 million euros or about 300 million dollars in financial aid to farmers affected by the E. coli outbreak in Europe. EU farm commissioner Dacian Ciolos said in Brussels on Wednesday that the EU's compensation scheme will cover cucumbers, tomatoes and 3 other vegetables. He added that the proposed amount is equal to half the value of losses incurred by the farmers. The E. coli outbreak has claimed the lives of more than 20 people, mostly in Germany, leading to a sharp drop in...
  • Spain to seek compensation for cucumber crisis

    06/02/2011 1:54:38 PM PDT · by NormsRevenge · 15 replies · 1+ views ^ | 6/2/11 | AP
    MADRID, Spain (AP) -- Spain's prime minister has hit out at the European Commission and Germany on Thursday for singling out the country's produce as a possible source of a deadly bacterial outbreak in Europe, and said the government would demand explanations and reparations. Jose Luis Rodriguez Zapatero said the EU commission "was slow because from the moment the minister in Hamburg had ruled it (E. coli outbreak) was not caused by Spanish cucumbers it should have reacted more decisively and faster." The bacteria outbreak has killed 17 people, most in Germany, over the past week. The crisis paralyzed Spanish...
  • The Wall Street Journal Survey of CEO Compensation ( Most CEOs give to democrats )

    05/10/2011 7:21:19 AM PDT · by Halfmanhalfamazing · 14 replies
    Wall Street Journal ^ | May 8th | Hay Group
    The Wall Street Journal CEO Compensation Study was conducted by Hay Group, a management-consulting firm. The study analyzes CEO pay from the biggest 350 U.S. public companies by revenue that filed their definitive proxy statements between May 1, 2010, and April 30, 2011. Survey Methodology & Terms Definitions Footnotes How to Use This Chart: Click on a column heading to sort by that category. For an individual executive's full compensation details, as well as a link to the proxy statement, click the relevant row. All figures in thousands
  • ANALYSIS: Defensive TEPCO fears ballooning compensation to evacuees

    04/15/2011 8:57:12 AM PDT · by TigerLikesRooster · 8 replies
    Asahi Shimbun ^ | 04/15/11
    ANALYSIS: Defensive TEPCO fears ballooning compensation to evacuees 2011/04/15 Masataka Shimizu, the embattled president of Tokyo Electric Power Co., promised compensation to evacuees who fled the Fukushima No. 1 nuclear power plant, but he stopped short of providing specific amounts or a timetable. "We will respond in a sincere manner based on the compensation system for damage from nuclear power plants after consulting with the central government," Shimizu said at a news conference Wednesday. "Because the evacuation has become a prolonged one, we want to make provisional payments as soon as possible. We still have to decide on a specific...
  • Japan: Tepco Claims May Reach Y10-11tln If Nuclear Problems Drag On($133 bn)

    03/30/2011 10:24:03 PM PDT · by TigerLikesRooster · 9 replies
    Nikkei ^ | 03/31/11
    Thursday, March 31, 2011 Tepco Claims May Reach Y10-11tln If Nuclear Problems Drag On TOKYO (Dow Jones)--Tokyo Electric Power Co. (9501) could face compensation claims of up to Y10-Y11 trillion if problems at the stricken Fukushima Daiichi nuclear plant cannot be resolved in the next two years, according to estimates released Tuesday by Bank of America Merrill Lynch. "Shareholders are very likely to be held liable, through capital reductions of a certain amount," research analyst Yusuke Ueda wrote in the report. "But given the principle of maintaining stable supplies of electric power, a scheme involving a default on the company's...
  • $101,091: Average annual compensation for Milwaukee teachers

    03/06/2011 12:38:23 AM PST · by Nachum · 20 replies
    Washington Examiner ^ | 3/6/11 | John McCormack
    The Milwaukee Journal-Sentinel confirms that's how much the average Milwaukee teacher will be paid in salary and benefits in 2011: the average MPS teacher would receive total compensation of $101,091 -- $59,500 in salary and $41,591 in benefits. We double-checked with MPS spokeswoman Roseann St. Aubin and she confirmed the figures. We wanted to compare the $101,091 for MPS teachers to other teachers, but the latest figurescompiled by the state Department of Public Instruction are for 2009-2010, two years earlier. Those figures show for 2009-2010, MPS teachers earned, on average
  • Average MPS Teacher Compensation Tops $100k/year

    02/17/2011 6:31:06 PM PST · by Nachum · 57 replies ^ | 2/17./11 | staff
    [Milwaukee, Wisconsin] MacIver News Service – For the first time in history, the average annual compensation for a teacher in the Milwaukee Public School system will exceed $100,000. That staggering figure was revealed last night at a meeting of the MPS School Board. The average salary for an MPS teacher is $56,500. When fringe benefits are factored in, the annual compensation will be $100,005 in 2011. MacIver’s Bill Osmulski has more in this video report.
  • On Street, Pay Vaults to Record Altitude (2010 Wall Street compensation hits record $135B)

    02/02/2011 7:48:02 AM PST · by SeekAndFind · 6 replies
    Wall Street Journal ^ | 02/02/2011 | AARON LUCCHETTI And STEPHEN GROCER
    When it comes to paychecks, Wall Street's law of gravity is back in full force: What goes down must come back up. In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009. The increase was fueled by a revenue rebound as the financial crisis recedes in the rearview mirror. At 25 large financial firms that have reported full-year results, revenue rose...
  • 'Lockdown, pay up' (IL work comp)

    01/18/2011 8:43:28 AM PST · by KeyLargo · 13 replies · 1+ views ^ | January 17, 2011
    Lockdown, pay up January 17, 2011 Here's something to digest with your big new Illinois income tax increase: You would assume that the Menard Correctional Center is a dangerous place to work. It does, after all, hold violent prisoners. You probably wouldn't assume that the biggest injury risk for the guards is locking and unlocking the doors. Or that this is costing you a lot of money. Illinois has paid out at least $10 million over the last three years in workers' compensation claims to employees at the southern Illinois prison. Much of the money has gone to corrections officers...
  • Federal Salaries Fall Behind Private Sector, Panel Says

    11/01/2010 7:14:07 AM PDT · by Poundstone · 92 replies · 1+ views
    Washington Post ^ | November 1, 2010 | Lisa Rein and Eric Yoder
    Official numbers released by the government late last week show salaries of federal workers falling slightly farther behind their private-sector counterparts in the last year, by an average of 2.1 percent across the country. The disparity shows wide variations among the 31 regions where the government compares federal pay with salaries for private-sector jobs in order to determine pay raises. The Washington-Baltimore area, for example, showed among the largest gaps, with federal workers 38 percent behind the private sector.
  • Plundered by Our Own Employees

    10/04/2010 10:21:14 AM PDT · by Kaslin · 14 replies ^ | October 4, 2010 | Bruce Bialosky
    Steven Greenhut may be the most annoying man in America. No, it’s not because he’s a mean guy or that he has created some silly reality show like Jersey Shores. It’s because Steve, a former Orange County Register columnist, writes books that you need to read, but are totally infuriating and raise your blood pressure a good fifty points. Even though I met Steve while he was covering a variety of political events in his pure journalism days, he didn’t inform me when his first book, Abuse of Power, was published in 2004. I actually learned about it when it...
  • Gulf oil spill: compensation should cost less than $20bn

    09/13/2010 12:21:04 PM PDT · by SeekAndFind · 4 replies
    The Guardian ^ | 09/13/2010 | Tim Webb
    BP's incoming chief executive, Bob Dudley, has reassured the City that the company will probably end up paying out less than the committed $20bn in compensation for those affected by the Gulf oil spill. The White House ordered the company to pay $20bn into a compensation fund over three and a half years, making it clear that further payments may be required. Although BP still does not know how much it will have to contribute, Dudley's comments that the $20bn already pledged should cover these claims reflect BP's growing confidence that it can emerge from April's Deepwater Horizon disaster in...
  • Hidden Impacts of the Dodd-Frank Act

    07/15/2010 11:26:00 AM PDT · by Behind Liberal Lines · 11 replies
    New York Law Journal ^ | 07/15/10 | John C. Coffee, Jr.
    Within a week or so, if not sooner, we can expect the Dodd-Frank Act to become law....there remain hidden provisions that will have more impact than has been generally recognized. This column will focus on three: (1) the whistleblower bounty provisions of the act, which create unprecedented incentives; (2) the act's "clawback" provisions, which potentially affect all current and former "executive officers" of a listed company but that are expressed in vague language of uncertain scope; and (3) its approach to the extraterritorial application of the antifraud provisions of the federal securities laws, where the act expressly reverses some aspects...
  • Netanyahu: No compensation or apology to Turkey

    07/02/2010 4:18:19 PM PDT · by Nachum · 7 replies ^ | 7/2/10 | staff
    n Channel 1 interview PM says can't pay any price to free Schalit if it leads to the deaths of Israeli civilians. Prime Minister Binyamin Netanyahu commented on recent diplomatic developments between Turkey and Israel in an interview with Channel 1 that aired Friday evening. Netanyahu rejected the notion that Israel would be pay any form of compensation or damages to Turkey for the nine Turkish citizens who were killed in the boarding of the Mavi Marmara as it sought to break the IDF blockade on Gaza.
  • Are Government Workers Underpaid? No (greater total compensation than private-sector workers)

    06/09/2010 6:42:46 AM PDT · by SeekAndFind · 13 replies · 25+ views
    The American ^ | 06/09/2010 | Andrew Biggs
    Once all promised benefits are included, government employees at all levels—local, state, and federal—receive significantly greater total compensation than private-sector workers. A recent research paper released by the Center for State and Local Government Excellence argues that employees of state and local governments earn salaries and benefits significantly less than similar private-sector workers. But this study omits unfunded pension and retiree health benefits for public-sector workers. Once unfunded promises are included, state and local employees may receive significantly greater total compensation than private-sector workers. Study authors Keith Bender and John Heywood of the University of Wisconsin-Milwaukee analyzed differences in salaries...
  • Bristol Palin to net up to $30K for each speech

    05/18/2010 5:07:15 PM PDT · by OldDeckHand · 67 replies · 1,651+ views
    AP via MSNBC ^ | 05/18/2010 | Staff
    JUNEAU, Alaska - Bristol Palin is hitting the speakers' circuit and will command between $15,000 and $30,000 for each appearance, Palin family attorney Thomas Van Flein said Monday.

    05/13/2010 9:04:55 AM PDT · by Howard Morrison · 13 replies · 561+ views ^ | 5/13/10 | National Association of Mortgage Brokers
    Yesterday, the Senate passed an amendment offered by Senators Merkley (D-OR) and Klobuchar (D-MN) to S. 3217, the "Restoring American Financial Stability Act of 2010," that would prohibit the total amount of direct and indirect compensation paid to mortgage originators from varying based on the terms of a loan, and place a cap on income. The amendment, SA 3962, was issued after business hours on Tuesday night, fully knowing that NAMB would call on grassroots support to contact their Senators to oppose the amendment. Despite the NAMB "Call to Action" issued, the amendment was voted on and passed early Wednesday...
  • Military Update: Military pay now exceeds that of similar civilian jobs [Mega-BARF!!]

    05/08/2010 9:21:16 AM PDT · by SandRat · 31 replies · 722+ views
    Every witness before a Senate subcommittee hearing last week on military compensation — all experts on service pay and benefits — called directly or indirectly for Congress to end its 12-year run of voting for annual military pay raises that exceed wage growth in the private sector. No witness suggested that future raises each January shouldn’t match annual wage gains for private sector workers as measured by the government Employment Cost Index. But with personnel costs soaring to sustain a quality all-volunteer force in its ninth year of war, lawmakers like Sen. James Webb (D-Va.), chairman of the Senate armed...
  • New OPM task force to study pay gap

    03/25/2010 9:48:13 AM PDT · by Poundstone · 10 replies · 321+ views
    The Federal Times ^ | March 24, 2010 | Stephen Losey
    The Obama administration's personnel chief has assigned a task force to come up with "ironclad" data showing that feds do not earn far more than their private-sector counterparts. The move comes after organizations such as the libertarian Cato Institute and conservative lawmakers have criticized federal employees' pay, which they say is more than 50 percent higher on average than private-sector salaries. Office of Personnel Management Director John Berry told Sen. Susan Collins, R-Maine, at a Senate Appropriations Committee that such statements are "misinformation" and are not based on like comparisons.
  • Academic Supply & Demand

    02/23/2010 8:40:26 AM PST · by bs9021 · 1 replies · 147+ views
    AIA-FL Blog ^ | February 23, 2010 | Malcolm A. Kline
    Academic Supply & Demand Malcolm A. Kline, February 23, 2010 In the real world, businesses expand when profits do. In academia, colleges and universities, such as George Washington University, just expand. “In an effort to improve its widely criticized academic advising system, the University announced plans Friday to double the number of undergraduate advising staff in the Columbian College of Arts and Sciences; create an advising committee with representation from all undergraduate schools; and speed up the implementation of a degree auditing system,” Matt Rist reported in The GW Hatchet Online. “The changes will cost a total of $700,000, Executive...
  • FDIC Mulls Linking Fees To Bank Pay

    01/07/2010 5:44:50 AM PST · by TigerLikesRooster · 5 replies · 234+ views ^ | 01/07/10
    FDIC Mulls Linking Fees To Bank Pay 01-07-2010 | Source: People & Companies in the News The Federal Deposit Insurance Corporation (FDIC) is considering linking fees paid by lenders to the agency for deposit insurance to the risk profile of compensation packages for executives, The Wall Street Journal reports. Banks with compensation structures viewed as less risky by the FDIC may be given a break on the fees they pay on deposit insurance. Banks that the FDIC considers to have pay structures that gives officials an incentive to put the company at more risk might be forced to pay...
  • Taxpayers deserve real PERA reforms

    12/20/2009 8:56:40 PM PST · by businessprofessor · 241+ views
    Pueblo Daily Chieftain ^ | 12/19/2009 | Michael Mannino
    The debate about reforms to the Colorado Public Employees' Retirement Association (PERA) has reached a new level after the PERA board’s recommendations known as the 2/2/2 plus plan. The plan is another temporary solution to potential long-term problems. Because of PERA’s inherent conflict of interest, it cannot provide recommendations based on new principles. Rather than focusing on the details of PERA’s plan, broad principles must be articulated by the Legislature as guidance for long-term changes. These principles are vital to maintain a competent state work force providing a desired set of services at reasonable cost to the taxpayer.
  • Obama’s divisive talk not good for anyone

    12/16/2009 10:14:01 AM PST · by John David Powell · 2 replies · 440+ views
    Townhall ^ | December 15, 2009 | John David Powell
    Barack Obama’s steady decline in the polls this week may mean the American people are tired of the president’s divisive campaign rhetoric after nearly a year into his administration. The Rasmussen Report’s daily tracking poll shows 53 percent of Americans disapprove of his performance in office. With an economy shaking, unemployment rising, and two wars draining our nation’s human and financial resources, Mr. Obama prefers to use the divisive language of the campaign trail in hopes of gaining public and political support for economic policies rather than to provide the leadership his supporters sorely hoped he possessed. He demonstrated this...
  • The two faces of O: Prez's lovefest with Wall St. 'fat cats'

    12/15/2009 3:59:45 AM PST · by Scanian · 19 replies · 931+ views
    NY Post ^ | December 15, 2009 | CHARLES GASPARINO
    In public, President Obama is on a tear against Wall Street. In private, not so much Over the weekend, Obama attacked fat-cat investment bankers, telling "60 Minutes" he didn't become president to aid and abet Wall Street -- which, only a year after the financial meltdown and taxpayer bailout, is now scheduled to hand out tens of billions of dollars in bonuses to its bankers and traders. But the president's meeting yesterday with the CEOs of the largest banks was nearly a lovefest, I'm told by attendees. Yes, White House spinmeisters advertised the gathering as a chance for Obama to...
  • The Untold Story - Emergency Unemployment Compensation Claims Surge By 265k In One Week

    12/03/2009 3:08:35 PM PST · by Grim · 3 replies · 529+ views
    Zero Hedge ^ | 12/3/09 | Tyler Durden
    Even as CNBC, which seems to be unaware it is now under new ownership and can stop selling GE stock all day, every day (will Cramer be allowed to pump the worthless equities of competitor cable and satellite companies going forward? Inquiring minds want to know), could not stop praising the fabulous improvement in continuing claims which plummeted by a whopping 5,000 from 462k to 457k, one number that everyone ignored, is the explosion in Emergency Unemployment Compensation - yes, the same name for insurance benefits as they roll beyond their standard expiration horizon, and which the Administration is set...
  • The public option in the real world

    10/29/2009 3:52:20 AM PDT · by Scanian · 9 replies · 493+ views
    NY Post ^ | October 29, 2009 | MARC K. SIEGEL
    Like many other doctors, I've been looking at my panel of patients and trying to decide whether a "public option" in health reforms will help them. Unfortunately, I can't think of a single patient where it will. As an internist, I have a varied practice, with patients ranging from rich to poor, from chronically ill to "worried well." On any given day, I see at least one quarter of cases (including Medicaid patients) without charge; one or two come in without insurance and pay me cash. Most of the time, I accept the patient's HMO or Medicare without looking closely...