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Keyword: salaries

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  • Why you haven’t gotten a pay raise

    10/07/2014 6:49:54 AM PDT · by SeekAndFind · 33 replies
    Washington Post ^ | 10/07/2014 | Catherine Rampell
    Why haven’t you gotten a raise? In the past few years, corporate profits have climbed ever higher. Legions of unemployed people are now finding gainful employment, with joblessness finally falling below 6 percent. Meanwhile, if you’re anything like the average American worker, your pay has been flat, just barely keeping pace with inflation. If you’re in the very middle of America’s income distribution, in fact, your overall household income is lower today than it was when the recession officially ended more than five years ago. This is all a bit of a puzzle. Usually unemployment declines go hand in hand...
  • Where The Rising Wages Are?

    10/03/2014 7:13:47 AM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 10/03/2014 | Tyler Durden
    With the September jobs report, perhaps one of the most irrelevant monthly updates from the BLS in a long time, due out in less than half an hour, BofA's Chart of the Day looks at what has become the most sticky issue in the monthly jobs report of late: where the inflation-adjusted income growth, or lack thereof, can be found. What it finds is that the average American can still hope for rising real wages: they just have to be massively underwater on unrepayable student debt. To wit:  As of 2013, the median income for college graduates was about $80,000...
  • SIGTARP: Excessive Pay at Bailed-Out GM

    09/30/2014 10:32:50 AM PDT · by jazusamo · 3 replies
    NLPC ^ | September 30, 2014 | Mark Modica
    A special inspector general report on compensation for executives at General Motors and Ally Financial blasts the Treasury Department for allowing excessive pay at the companies as taxpayers lost billions of dollars on the auto bailouts. The watchdog group issuing the report monitors the Troubled Asset Relief Program (TARP), which was set up to save financial corporations deemed "too big to fail" due to systemic risk to America's financial system. The program was expanded to allow for the bailing out of the auto industry, despite the questionable use of funds specifically designated for financial institutions. A NY Times piece...
  • Let The Good Times Roll For The US Economy

    08/04/2014 4:48:37 AM PDT · by blam · 18 replies
    BI ^ | 8-4-2014 | Ed Yardeni
    Ed Yardeni, Dr. Ed's BlogAugust 4, 2014 Yardeni chart Aug 4, Dr. Ed's Blog The US economy appears on my worry list only indirectly and only because it is performing well, showing no signs of a recession. That’s bearish only if the Fed’s response of starting to raise interest rates in baby steps triggers an unanticipated financial crisis simply because interest rates have been too close to zero for too long. A rush out of corporate bond funds could be one of the consequences with recessionary consequences, or maybe not. It’s something to watch. For now, let the good times...
  • 10 Cities Where Wages Are Soaring

    07/17/2014 7:40:08 AM PDT · by SeekAndFind · 11 replies
    Wall Street 24X7 ^ | 07/16/2014 | By Alexander Kent and Alexander E.M. Hess
    Although there are many signs the economy is improving, average weekly wages in the United States remained stagnant throughout 2013. This was a notable change from a year earlier, when weekly wages rose 4.7% over the same period. Despite flattening nationally, wages posted strong growth in some metro areas. In six of the 10 metro areas, wages grew at least 6%. In Idaho Falls, wages grew by 18.4% between the fourth quarters of 2012 and 2013. Based on data from the Bureau of Labor Statistics (BLS), these are the metro areas where wages are soaring.Click here to see the 10...
  • Floyd Mayweather Heads 2014 List Of The World's Highest-Paid Athletes

    07/13/2014 5:24:10 PM PDT · by EveningStar · 8 replies
    Forbes ^ | June 11, 2014 | Kurt Badenhausen
    Floyd Mayweather has been cashing multi-million checks for his fights for more than a decade. He banked at least $25 million for each of his past nine bouts going back to 2007 when he defeated Oscar De La Hoya in the most watched fight in the history of boxing pay-per-view events. Mayweather has earned almost $400 million in the ring since he turned pro in 1996 after the Olympics, but he has never had a year like this past one. Mayweather earned $105 million during the past 12 months for 72 minutes of work in the ring for fights against...
  • Employees Who Stay In Companies Longer Than Two Years Get Paid 50% Less

    06/23/2014 12:08:26 PM PDT · by SeekAndFind · 44 replies
    Forbes ^ | 06/23/2014 | Cameron King
    The worst kept secret is that employees are making less on average every year. There are millions of reasons for this, but we’re going to focus on one that we can control. Staying employed at the same company for over two years on average is going to make you earn less over your lifetime by about 50% or more. Keep in mind that 50% is a conservative number at the lowest end of the spectrum. This is assuming that your career is only going to last 10 years. The longer you work, the greater the difference will become over your...
  • We found the One Percent

    06/09/2014 10:31:17 AM PDT · by Academiadotorg · 17 replies
    Campus Report ^ | June 3, 2014 | Malcolm A. Kline
    Those of us in the 99 percent have had few encounters with the one percent of wealthy elites we keep hearing about. We did find a good place to start looking, though: the front office at your local state university. The Chronicle of Higher Education shows us who belongs to the millionaires’ club—presidents of public colleges who made more than a million dollars this school year: *E. Gordon Gee, Ohio State University, $6,057,615 *R. Bowen Loftin, Texas A & M at College Station, $1,6363,274 *Hamid A. Shirvani, North Dakota University, $1,311,095 *Renu Khator, University of Houston main campus, $1,266,000 *Sally...
  • Administrators Not Created Equal

    05/05/2014 11:10:46 AM PDT · by Academiadotorg · 4 replies
    Accuracy in Academia ^ | May 2, 2014 | Spencer Irvine
    In The Chronicle of Higher Education, writer Don Troop highlighted the current controversy at the University of Michigan concerning how much the university pays its administrators. At Ann Arbor in 2005, they paid less than $13 million on “additional pay” (i.e. bonuses) to administrators for meeting performance goals or taking on additional duties not in their job descriptions. By 2013, Michigan paid more than $46 million for these kinds of bonuses. michigan football A dozen professors at the university have published their research, including an open letter, on the website michiganexposed.info, where they call on the Michigan board and incoming...
  • The 15 Highest-Paying Companies in America

    03/18/2014 9:21:55 AM PDT · by SeekAndFind · 14 replies
    Wall Street 24X7 ^ | 03/18/2014 | Douglas A. McIntyre, Alexander E.M. Hess, Thomas C. Frohlich and Vince Calio
    Median income for Americans was $34,750 in 2012. At some companies, however, the median is more than five times the national number. Based on figures provided by Glassdoor, 24/7 Wall St. examined the highest-paying companies in America. The companies that pay their employees the most fall primarily into two industries: management consulting firms and tech companies. These companies employ graduates of elite schools who have skills that are in high demand and have high salary expectations to match.Click here to see the 15 Highest-Paying Companies in AmericaConsultancies can afford to pay high salaries. Generally, they are high-margin businesses, relying on...
  • Raiding Corporate Coffers....Again

    03/15/2014 3:49:51 PM PDT · by Kaslin · 3 replies
    Townhall.com ^ | March 15, 2014 | Charles Payne
    President Obama continues his push to tweak free market forces and buy votes with an executive move that will force businesses to pay extra for overtime work of certain salaried employees. Managers earning more than $455 a week are not eligible for overtime pay, even if those "managers" are really shift supervisors at a 7-11 or fast food restaurant. The number of potential people impacted by this change is hard to quantify. The law governing oversight is rooted in the Fair Labor Standards Act 1938. In 1975, the Department of Labor set the minimum to $250 a week, which...
  • Here's How Much You Have To Make To Buy A House In 25 Major Cities

    02/20/2014 8:52:58 AM PST · by SeekAndFind · 34 replies
    Business Insider ^ | 02/20/2014 | ANDY KIERSZ
    Online mortgage company HSH.com recently estimated the salaries needed to afford a house in 25 metropolitan areas across the United States. Because, the cost of real estate varies across cities and regions — you need to be making about four times as much money in San Diego as in Cincinnati to afford a house. The map illustrates these differences. The wider the circle over a city, the more you need to make to afford a house there: CLICK ABOVE LINK FOR THE MAP AND TABLE
  • Public-Private Compensation Gaps Still With Us

    01/13/2014 10:51:33 AM PST · by MichCapCon · 9 replies
    Capitol Confidential ^ | 1/11/2014 | Michael LaFaive
    For many years the Mackinac Center has pointed out that on balance government employees do better financially than those who pay their bills. This was driven home for me recently by new statistics reported by the Wall Street Journal. The gist was characterized by one snarky newsletter title, "Sorry About the Recession, America, But Don't Worry About Washington." Specifically, average median household income in the nation's capital city rose 23.3 percent between 2000 and 2012, while the typical household in the rest of the country experienced a mere 6.6 percent rise. This is a wide gap, but not surprising given...
  • While Salaries Decline, Total Cost For Michigan Teachers Increasing

    01/10/2014 9:53:01 AM PST · by MichCapCon · 1 replies
    Capitol Confidential ^ | 1/8/2014 | Tom Gantert
    While average teacher salary has dropped over the past several years, the cost of employing a public education teacher is getting more expensive, according to state data. MLive did a story in December that said when factoring in inflation, public school teacher salaries in Michigan have dropped 8 percent from 1999-00 to 2012-13. But that article looked at just one aspect of the cost of a public education teacher. From 2003-04 to 2010-11 (the latest year data is available), employee insurance costs have increased by $249 million while mandatory coverage (contributions from state and local retirement, employer social security and...
  • Three-quarters of Americans think teachers paid less than they really are

    09/16/2013 2:31:16 PM PDT · by afraidfortherepublic · 111 replies
    Washington Examiner ^ | 9-16-13 | ASHE SCHOW
    Seventy-four percent of Americans think teachers make less than they really do, according to a new poll from Rasmussen. The average teacher salary in America is $55,000 (upward of $75,000 in Chicago), but three quarters of Americans think teachers earn less than that. Over half of Americans (52 percent) believe teachers are paid too little. Just 15 percent believe they are paid too much while 26 percent think teachers are paid the right amount. In a related poll, just 26 percent of Americans give public schools positive marks.
  • MBA Students Are Totally Deluded About How Much Money They'll Make

    07/18/2013 8:22:44 AM PDT · by SeekAndFind · 46 replies
    Business Insider ^ | 07/18/2013 | Max Nisen
    Many would-be MBAs expect a salary after graduation that's far in excess of what they can hope for. The average US MBA student expects to earn $140,000 on graduating, a 240% increase from the average current pre-enrollment salary of $58,000, according to a survey by QS TopMBA.com, The reality? Payscale puts the median for grads with 4 or less years of experience at $55,779, and $71,920 for those with 5-9 years. Graduates of top schools can usually still expect 6 figures. MBA salaries have been flat for some time now as graduates price themselves out of many industries, traditionally lucrative...
  • American Cities Where Wages Are Soaring

    07/15/2013 8:01:27 AM PDT · by SeekAndFind · 6 replies
    Wall Street 24X7 ^ | 07/15/2013
    The average wage of a U.S. worker was $1,000 per week in the fourth quarter of 2012, or 4.7% higher from the same time in 2011, according to the Bureau of Labor Statistics (BLS). In some areas, pay rose than 10%. In the San Francisco metropolitan area, the average wage grew by nearly 25%, more than any area in the country. Based on the BLS Quarterly Census of Employment and Wages, these are the cities with the biggest increases in pay.Click here to see the cities where wages are soaringClick here to see the cities where wages are plummetingIn an...
  • Senate: Time to raise pay for Minnesota's lawmakers

    04/16/2013 7:02:42 AM PDT · by Colonel_Flagg · 16 replies
    Minneapolis Star-Tribune ^ | April 16, 2013 | Rachel Stassen-Berger
    The Minnesota Senate on Tuesday is set to approve salary increases for legislators and the governor, who have had their pay frozen since 1999. The raises, which would start taking effect in 2015, would be hefty. By 2016, legislators’ pay would go to $42,000 from the current $31,000 — an increase of 35 percent. The governor’s salary would rise to $128,000 a year from $120,000 now, although Gov. Mark Dayton has already said he would donate his increase. The move heats up a reliable hot potato. For 15 years, politics have kept lawmakers from approving pay increases for themselves or...
  • Rare interview with wife of Palestinian prisoner proves PMW's contention that PA pays salaries

    04/10/2013 12:10:53 PM PDT · by Nachum · 4 replies
    PalWatch ^ | 4/10/13 | Itamar Marcus and Nan Jacques Zilbedik
    Prisoner's wife: "A year and a half ago, I went to the Ministry of Prisoners' Affairs... Their answer was: 'Your husband transfers it to the person he wants. It's in his power not to transfer [it to you] and we can't do anything about it." Prisoner's wife: "[My husband] told me: 'If you do what I want, it [the monthly salary] will return to you. As long as you are like this, it won't return to you.'" by Itamar Marcus and Nan Jacques Zilberdik Since 2011, Palestinian Media Watch has been supplying governments and media worldwide with documentation that the...
  • Obama: “All You Need Is Gov!” – Wages and Salaries Continue to Fall with Growing Government

    02/21/2013 4:09:06 PM PST · by whitedog57 · 4 replies
    Confounded Interest ^ | 02/21/2013 | Anthony B. Sanders
    President Obama’s over-the-top speech on the effects of sequestration made it seem like it would be the end-of-days for the economy if sequestration went into effect. Or if ANY government spending is cut … or slowed. Douglas Holtz-Eakin of the American Action Forum (AAF) was on CNN with Erin Burnett saying the sequestration won’t nearly be as bad as some say. The government wastes $125 billion each year, and the actual amount of the sequestration cuts is only $44 billion (not the $85 billion Obama is screeching about). Was Obama really saying that government can waste $125 billion per year,...
  • The "New Normal" Dream Job: CA State Workers Earning $822,000

    12/11/2012 9:07:43 AM PST · by ExxonPatrolUs · 3 replies
    Zero Hedge ^ | 12-11-12 | Tyler Durden
    Become a California state worker, preferably one who deals with neurotic and/or crazy people (i.e., a psychiatrist), and rake it in. The following chart from Bloomberg shows just how generous the otherwise insolvent state of California is when it comes to paying its public servants, and the 100%+ increase in California employee state pay since 2005. Needless to say, this is a rate of increase in compensation that 99% of workers in the private sector would die for. Some other stunning observations from Bloomberg on the best job taxpayer money can buy. The best paid job: psychiatrist. At this pace,...
  • The truth about federal salary numbers (Are they paid much less than those on the private sector?)

    11/19/2012 6:49:13 AM PST · by SeekAndFind · 10 replies
    Washington Post ^ | 11/18/2012 | Andrew G. Biggs and Jason Richwine
    Should federal workers get a raise? With salaries and benefits paid to the government’s civilian workers totaling $271 billion in 2011, deciding whether to extend the freeze enacted last year on cost-of-living increases has important budgetary consequences. Unfortunately, the government’s methodology for comparing pay is too flawed to offer real guidance. The Federal Salary Council, an advisory body of academics and leaders of public employee unions, suggested last month that federal workers are underpaid by an average of 35 percent relative to nonfederal employees. The council’s data come from the “President’s Pay Agent,” the bureaucratic entity that conducts the federal...
  • Not exactly the 99%: Top union leaders’ salaries

    08/25/2012 8:16:00 PM PDT · by Libloather · 14 replies
    Not exactly the 99%: Top union leaders’ salariesAugust 23, 2012 | 11:51 am Advocating for the working man doesn’t pay too poorly, it seems. Here’s a list of the annual salaries and benefits earned by the nation’s top labor officials, according to the Labor Department. This data is based on 2011 filings: AFL-CIO President Richard Trumka – $293,750. National Education Association President Dennis Van Roekel – $460,060
  • Guess Which Country Has The Best Paid Manufacturing Workers

    12/23/2011 8:26:43 AM PST · by SeekAndFind · 14 replies
    Business Insider ^ | 12/23/2011 | Global Macro Monitor
    Great data from the BLS comparing hourly compensation for manufacturing. The second chart looks at the benefits component of the hourly cost. The data are from 2010 and sensitive to exchange rate movements. We will post a follow-up chart in the next few days looking at the 2009-10 change in hourly compensation, breaking out the changes in wage and benefits versus the FX component. Stay tuned!
  • Cities Hit as Funds From Bonds Pay Other Bills

    11/14/2011 3:50:28 PM PST · by dynachrome · 8 replies
    Wall Street Journal online ^ | 11-14-11 | IANTHE JEANNE DUGAN, JUSTIN SCHECK and BOBBY WHITE
    When the recession squeezed Miami's budget in recent years, officials reached into funds raised for road repairs and other projects to plug the shortfall. Now, the city is paying a price. The moves triggered lawsuits and a federal investigation, in a brouhaha that holds ramifications for how municipalities nationwide maneuver around unprecedented money problems. Cash Flow View Interactive ..Cities and states across the country are using money designated for specific purposes—such as fixing roads or sewers—in order to fill financial holes elsewhere, according to public officials and records. The moves are exposing municipalities to controversy, as federal regulators and local...
  • U.S. Gov't Financial Regulators Earn Tax-Funded Salaries of $225,000-Plus

    10/26/2011 5:48:34 PM PDT · by Nachum · 9 replies · 1+ views
    CNSNews.com ^ | 10/26/11 | Matt Cover
    (CNSNews.com) – Federal employees at several financial regulatory agencies – including the new Consumer Financial Protection Bureau (CFPB) – are earning six-figure salaries and taking home bonuses up to $5,000, according to federal records obtained by Judicial Watch. At least 228 such regulators make $225,000 a year. In comparison, members of Congress make $174,000 a year; the Speaker of the House makes $223,500; and the majority and minority leaders pull in $193,400 a year. The records, obtained through the Freedom of Information Act (FOIA), show the number of employees at five of the six major financial regulatory agencies. In addition...
  • Judicial Watch Discovers Generous Salaries and Bonuses for Government Finance Agencies Staff Members

    10/25/2011 12:58:09 PM PDT · by Stayfree · 4 replies
    Judicial Watch, Inc. ^ | Oct. 25, 2011 | Judicial Watch, Inc.
    A dozen new hires take home more than $225,000 a year the agency doled out from $400 to $5,000 in bonus income to employees already earning $225,000 or more per year The OCC responded on August 22, 2011, the SF-50s indicating that 85 workers earn $225,000 or more per year. The employee names, as well as the legal authority under which the pay raises were issued, were blotted out.
  • SolarCity latest to see loan loss post Solyndra

    09/23/2011 5:16:06 PM PDT · by mdittmar · 3 replies · 1+ views
    Reuters ^ | Sep 23, 2011 | Nichola Groom and Timothy Gardner
    Solar panel installer SolarCity said on Friday it was the second company in as many days that will not get finalization of U.S. government loan aid by a September 30 deadline. The Department of Energy informed SolarCity of its inability to close the loan 48 hours ago, blaming increased paperwork resulting from a Congressional investigation into the Department of Energy's $535 million loan guarantee awarded to bankrupt solar company Solyndra, SolarCity said in a letter to the Republican lawmakers heading the probe.The DOE loan guarantee program, which is under fire for missing signs its first recipient of loan aid, Solyndra,...
  • Nice guys really DO finish last... Nasty people earn $10,000 more a year, study finds

    08/17/2011 12:09:56 PM PDT · by Tolerance Sucks Rocks · 33 replies
    The Daily Mail (UK) ^ | August 15, 2011 | Paul Bentley
    It is a common saying that nice guys finish last - and when it comes to pay packets, at least, research shows the genial really do end up at the back of the queue. A study which looked at the link between personality and wages has found that 'agreeable' workers earn significantly less than their meaner colleagues. The gap is particularly telling when broken down by gender, with the difference in pay between mean and nice men almost $10,000 a year. The study, titled 'Do Nice Guys - and Gals - Really Finish Last?', examined levels of 'agreeableness' attributed to...
  • White House Releases Staffers Salaries

    07/01/2011 2:22:25 PM PDT · by JennysCool · 24 replies
    ABC News ^ | 7/1/11 | Jake Tapper
    President Obama pays 21 White House staffers the maximum allowable salary, $172,200 a year, the White House disclosed today in its annual report of salaries. These top wage earners include all of those given the assignation “assistant to the president”: chief of staff Bill Daley, national security adviser Tom Donilon, top speechwriter Jon Favreau, counterterrorism adviser John Brennan, senior advisers Valerie Jarrett and David Plouffe, press secretary Jay Carney, and communications director Dan Pfeiffer -- whose first name is Howard (!), the disclosure reveals. The annual disclosure of salaries (the full list can be read HERE) is one of the...
  • Helpful Facts Public Sector Employee Compensation

    04/28/2011 10:46:20 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 4/28/2011 | MichCapCon
    Public Sector vs. Private Sector * Bringing public-employee benefits in line with private-sector averages would save $5.7 billion in Michigan. * Public-sector bargaining privileges are not inalienable rights. * Public-sector wages and benefits have increased while the private-sector's have fallen. * Insurance benefits per public-sector employee are $7,149 more per year than in the private sector. * Retirement benefits per public-sector employee are $11,725 more per year than in the private sector. * Since the beginning of the recession, the number of government jobs fell by 0.8 percent. Private-sector jobs fell 10.8 percent. * People that work for the state...
  • The Floating Dollar as a Threat to Property Rights

    03/12/2011 7:12:36 PM PST · by Tolerance Sucks Rocks · 17 replies
    Imprimis (Hillsdale College) ^ | February 16, 2011 | Seth Lipsky
    The following is adapted from a speech delivered on February 16, 2011, at a Hillsdale College National Leadership Seminar in Phoenix, Arizona. TO BEGIN, consider one of the most important measures of property, the kilogram. It’s a measure of mass or, for non-scientific purposes, weight. According to the papers last week, a global scramble is under way to define this most basic unit after it was discovered that the standard kilogram—a cylinder of platinum and iridium that is maintained by the International Bureau of Weights and Measures—has been losing mass. You may think that this is impossible. Of all the...
  • Outrage: Government Workers Earn Up to $18,000 More Than Private Sector Counterparts

    03/03/2011 1:42:25 PM PST · by jda · 18 replies
    Newsmax ^ | 01 March 2011 | David A. Patten
    Buoyed by the efforts of reform-minded GOP governors in states like Wisconsin and New Jersey, free-market advocates are blasting the cushy pay packages of unionized public workers who in some states earn as much as $18,000 more than their private counterparts — with ironclad protections from being fired or laid off. That outrage was stoked further Tuesday by a report showing that that public-sector employees in labor-battleground Wisconsin and 40 other states receive much higher total compensation than do people working in the private sector. . . . The largest pay gap in the 50 states occurs in Nevada, where...
  • Fat Cat Union Salaries Exposed!

    03/03/2011 10:58:53 AM PST · by Nachum · 9 replies
    fox news ^ | 3/3/11 | The Center for Public Integrity's John C. Henry Read more: http://nation.foxnews.com/politics/2011/
    These are the 10 largest unions, noting the number of employees who earn more than $200,000, leadership salaries and campaign contributions to federal candidates in 2009-2010. Union: National Education Association Membership: 3.2 million Assets: $216 million The NEA, representing most of the nation’s teachers, has 31 headquarters officers and employees who earn over $200,000. The president, Dennis Van Roekel, received $397,721 in salary and benefits. Of the $3.7 million NEA spent on political activities in the last election cycle, 98 percent went to Democratic candidates. The NEA has 98,000 members in Wisconsin. Before taking the helm in 2008, Van Roekel...
  • (in the interest of "open and transparent gov") Salaries For City Employees Posted Online

    02/14/2011 6:24:11 AM PST · by Cincinatus' Wife · 21 replies
    KTVU Bay City News ^ | February 13, 2011
    SAN JOSE, Calif. -- The latest information about the salaries and benefits of each San Jose city employee was posted online Friday in an effort to maintain transparency in the city's government. The compensation information, which can be accessed at www.sanjoseca.gov/salary, is from 2010, the latest year available, according to city officials. Former police Chief Robert Davis had the highest total compensation - more than $534,000 in salary and benefits - for the year, according to the report. City Manager Debra Figone - who made more than $276,000 in 2010 - said the release of the information is an example...
  • For MBAs, Breaking Even is a More Distant Dream (Higher tuition and lower starting salaries)

    01/07/2011 6:27:17 AM PST · by SeekAndFind · 13 replies
    BusinessWeek ^ | 01/07/2011 | Geoff Gloeckler
    The hits just keep coming for the MBA Class of 2010. First, the economy crashed just as students were stepping into their first B-school classes. Then the job market tanked. Jobs were scarce, salaries dipped, and students scrambled simply to find summer internships, let alone full-time positions. Now, a new study done as part of Bloomberg Businessweek's ranking of top full-time MBA programs suggests it's going to take graduates longer to see a return on their MBA investments than their peers did from earlier graduating classes. Two years ago, Bloomberg Businessweek calculated that it would take members of the MBA...
  • MWHC EXECUTIVES REAP BIG REWARDS

    01/05/2011 9:26:07 AM PST · by Amerisrael · 11 replies
    [This is one reason why healthcare is so expensive. The cost of healthcare insurance is not the problem. It's the high cost of doctor's salaries and hospital services.] "The top employees at Mary Washington Healthcare earned more than $1.1 million in bonuses in 2009, their reward for a successful 2008." "More than two dozen key executives and employee physicians earned annual bonuses ranging from $2,000 to $246,278. The median bonus for the company was more than $28,000." "Fred Rankin, president and chief executive officer, received the largest bonus among managers: $151,430. Rankin continues to be the firm's highest-paid employee, with...
  • Salaries of local government brass top Biden's, Cabinet secretaries' [DC area unions at it again]

    12/27/2010 10:07:39 AM PST · by RatherBiased.com · 5 replies
    Washington Examiner ^ | Brian Hughes
    Montgomery County's top administrator banks a higher salary than the vice president of the United States. Ditto for Fairfax County's executive. And the District's police chief is paid more than the chief justice of the U.S. Supreme Court and speaker of the House. Dozens of local officials earn better wages than the nation's marquee power players under compensation packages that soar past those for comparable positions statewide, showing that smaller-scale, public-sector jobs don't always come with a pay cut. The benchmark for managers' salaries has jumped well beyond the six-figure plateau, as some command wages around a quarter-million dollars each...
  • The good life on 36 weeks a year of work

    12/14/2010 3:38:12 PM PST · by jazusamo · 33 replies
    American Thinker ^ | December 14, 2010 | Thomas Lifson
    Champion News has just published data on the top teacher salaries in Illinois, making it clear that unionization has enabled a massive raid on the taxpayers' funds. Teaching can be a noble profession, but many of these teachers are cleaning up like bandits for a 9 month work year. In all, over 14,000 teachers ion this one state make more than 100,000 a year in salary. When you add in pension, health care, and other benefits (15 days a year of sick leave, payable upon retirement if not used), which can add another 40% or more to salary, these...
  • Obama To Freeze Government Salaries At All Time High (This will make you mad Alert)

    11/29/2010 11:41:38 AM PST · by Zakeet · 52 replies
    Zero Hedge ^ | November 29, 2010 | Tyler Durden
    In 10 minutes the teleprompter in chief will announce that he is about to freeze government salaries for two years. Of course, government workers thank him, as this means federal salaries which have exploded in the past 5 years will be stuck at all time highs for at least two years, even as nominal salaries for everyone else (except FIRE workers of course) continue to decline. As we suggested a few days ago, in order to promote some vaguely credible idea of austerity, instead of freezing salaries, Obama needs to be cutting. Why? One look at the chart below explains...
  • Government Pay Outpaces Private Sector

    11/19/2010 11:17:05 AM PST · by MichCapCon · 5 replies
    Michigan Capitol Confidential ^ | 11/19/2010 | Tom Gantert
    Local government and state workers’ average weekly pay surpassed that of private sector workers in Michigan in 2009, according to an analysis done by the Mackinac Center for Public Policy. From 2001 to 2009, state workers have seen their average weekly pay jump 33 percent from $796 to $1,058. Local government workers had a 29 percent increase from $647 to $837. Meanwhile, the private sector workers had a 14 percent increase from $722 to $824. James Hohman, a fiscal policy analyst with the Mackinac Center, did the analysis using data from the U.S. Bureau of Labor and Statistics. “The private...
  • Government Workers Making $150,000+ Have Doubled Under President Obama

    11/10/2010 2:04:28 PM PST · by blam · 11 replies · 1+ views
    The Business Insider ^ | 11-10-2010 | Gregory White
    Government Workers Making $150,000+ Have Doubled Under President Obama Gregory White Nov. 10, 2010, 3:18 PM Image: The White HOuse Salaries for Federal workers have soared since President Obama took office in 2009, with the number of workers making $150,000 or more doubling, according to USA Today (via the Atlantic). The real winners here: those government workers employed for 15 to 24 years. That doesn't jive well with the deficit commission's plans for a 10% cut in Federal jobs by 2015. Or perhaps it does, as the deficit commission may be able to reach its cost cutting aims with fewer...
  • A Stink in El Segundo Over Cadillac Salaries Cops $175,000 firefighters $210,000,

    10/20/2010 5:30:51 PM PDT · by dragnet2 · 65 replies · 2+ views
    LA weekly news ^ | 10/14/2010 | Paul Teetor
    A Stink in El Segundo Over Cadillac Salaries Cops earn $175,000, firefighters $210,000, in a town with few criminals or fires The debate over skyrocketing government-worker salaries got nasty in El Segundo when a homeowner published the six-figure salaries flowing to the small town's cops and firefighters on his Gundo Blogger website — only to have a police captain track him down by phone at his UCLA job and chew him out. The uneasy homeowner, David Burns, tells L.A. Weekly that Capt. Robert Turnbull "called me from his office to complain about my blog. ... He insisted on talking about...
  • L.A. County delays release of names and salaries of its highest-paid employees (worker safety)

    09/27/2010 11:10:15 AM PDT · by Libloather · 28 replies
    LA Times ^ | 9/27/10 | Rong-Gong Lin II
    L.A. County delays release of names and salaries of its highest-paid employeesLawyer cites concern for workers' safety in response to Times' request. A 2007 state Supreme Court ruling says public employees have no guarantee of privacy in such cases. By Rong-Gong Lin II, Los Angeles Times September 27, 2010 Los Angeles County officials are taking steps to keep secret the names and salaries of some highly paid county employees, saying they need more time to comply with public records law to protect workers who claim that disclosure could put them at risk. The response came after The Times asked for...
  • NEA Myth Goes South

    09/22/2010 6:20:38 AM PDT · by AccuracyAcademia · 6 replies
    Accuracy in Academia ^ | September 22, 2010 | Malcolm A. Kline
    When members of your local teacher’s union tell you they can teach better if you pay them more, ask them to respond to a new study from Vanderbilt University, not exactly a free market hot bed. “Rewarding teachers with bonus pay, in the absence of any other support programs, does not raise student test scores, according to a new study issued today by the National Center on Performance Incentives at Vanderbilt University’s Peabody College of education and human development in partnership with the RAND Corporation,” researchers at Vandy found. “We tested the most basic and foundational question related to performance...
  • Cash Cow of Compassion

    08/24/2010 7:33:46 AM PDT · by AccuracyAcademia · 8 replies
    Accuracy in Academia ^ | August 24, 2010 | Malcolm A. Kline
    The last redoubt of concern for the common man is ridiculously awash in the cash that keeps eluding the object of its affections but then, maybe that’s where it comes from. The Almanac of Higher Education shows us that colleges and universities took in about a trillion dollars this year and spent roughly that amount. Most of these institutions have multi-million dollar endowments, even some community colleges. Most parents do not. Professors make about $100,000 a year with tenure while the untenured lecturers and associates range between $45-80,000 a year. Ironically, this is where most share-the- wealth schemes originate. The...
  • Federal officials fight back over criticism about salaries

    08/17/2010 5:20:54 AM PDT · by Poundstone · 95 replies
    Washington Post ^ | August 17, 2010 | Lisa Rein
    Election season and a bad economy are making roadkill out of federal workers' salaries. Some newspapers, Republicans and conservative think tanks are inveighing against feds they say are cleaning up in salaries and benefits compared with their private sector counterparts. The government is fighting back. After USA Today published another in a series of articles reporting a growing salary gap between private-sector and federal workers, top officials from the Office of Personnel Management dialed up the news media to make the opposite case. Federal employees made on average 22 percent less than workers in similar private-sector jobs, officials said in...
  • Prosecutors probe Bell for possible election fraud, conflicts of interest, improper salaries

    07/27/2010 6:27:36 PM PDT · by Ernest_at_the_Beach · 20 replies · 1+ views
    Los Angeles Times ^ | July 27, 2010 | 3:23 pm | Richard Winton, Andrew Blankstein, Jeff Gottlieb and Paloma Esquivel
    L.A. County prosecutors have launched a multipronged investigation into the city of Bell, examining allegations of voter fraud as well as conflicts of interest involving city business.In an interview with The Times, Los Angeles County Dist. Atty. Steve Cooley described the investigation as “rapidly expanding and full-fledged,” saying investigators have been gathering evidence since March. Cooley’s comments indicate a larger probe than prosecutors had acknowledged up to now. Until now, the district attorney has said it was looking at what it called high salaries paid to City Council members, who earned nearly $100,000 until they cut their own salaries on...
  • Lawsuit against Bell California suggests voter fraud in 2009 election

    07/27/2010 4:36:21 PM PDT · by The Magical Mischief Tour · 35 replies · 4+ views
    LA Times ^ | 07/27/2010 | LA Times
    A lawsuit filed Monday by a former Bell police officer makes a variety of serious allegations about city officials and suggests voter fraud in a 2009 election. According to the lawsuit, filed by James Corcoran, off-duty police officers in Bell distributed absentee ballots in a 2009 municipal election and told would-be voters which candidates to support. The former police sergeant alleges in the suit that he was forced out of his job of 25 years in retaliation for informing state and federal authorities about the officers’ actions and reporting alleged misconduct involving City Administrator Robert Rizzo and other city officials....
  • Huge salaries force Calif. Officials to resign

    07/23/2010 2:28:28 PM PDT · by ckilmer · 31 replies
    Yahoo News ^ | July 23)
    Three administrators whose huge salaries sparked outrage in this small blue-collar suburb of Los Angeles have agreed to resign, the City Council said Friday.