Some of the real villains of the current financial malaise are unrecognized by the general public: executive compensation consultants like Hewlett Associates and certified New York State labor contract arbitrators. On the surface, these people are well meaning, but they are the guardians of a compensation system that is fundamentally broken and destructive. Both groups […]
NEW Jersey Teacher Fined $22,000 For Making Telephone Call
A veteran performing arts teacher at Asbury Park High School in Monmouth County, New Jersey has been hit with a $22,000 salary forfeiture over an incident that occurred last year. The teacher, Desley Getty, made a four-minute telephone call on a cellphone during class while two students danced and another student videotaped the event […]
Morgan Stanley Cuts Bonuses, Boosts Pay
Back when Congress passed executive pay limits on companies receiving TARP money, experts warned [1] that the restrictions could have the perverse effect of boosting executive salaries. Since Wall Street execs get their millions through bonuses, the limits focused on the size and nature of bonuses that they could pocket, but put no cap on […]
Marie Antoinette, Meet Angelo Mozilo
– by Tula Connell This is a cross-post from the Firedoglake blog. Here’s an idea. Instead of retiring when we turn 65, let’s go to work scrubbing tables at the nearest fast-food outlet. Sound good? Not to most of us. But it’s a future that U.S. workers increasingly are facing. America’s workers aren’t just losing their homes in what […]
Why Your Top New Hire May Be Halfway Across the World
While every company has different purposes and goals, there is one desire they all have in common: hiring top talent. Not only do you want your work done efficiently, but you want high-quality work done consistently. And onboarding an employee in a cost-effective way to save your business money? That’s icing on the cake. What […]
Why You Should Consider Outsourcing Executive Roles
So your business has grown to the point that you face critical, company-wide decisions for which you have no in-house expertise. Your first instinct might be to hire a qualified executive, but should you make another hire at that level, or should you outsource? Every company’s needs are unique, so there’s no one-size-fits-all answer. There […]
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