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Bankers' pay soars despite crisis

It's hard to believe but bankers are now raking in enormous bonuses despite the global financial crisis. The Financial Times reports that Merrill Lynch, UBS and Citigroup are actually cranking up pay for investment bankers to stop them leaving. Market rates for bankers have been running c...

What economy? CEO private jets take off

Despite unemployment in the US reaching 9.4% and foreclosure rates topping 300,000, as reported by Bloomberg , it's heartening to see some things don't change. Pay perks for chief executive officers, despite their abysmal performance, are soaring with reports that more are taking to u...

Cutting Salaries

Late last month BusinessWeek ran two stories on cutting salaries: Does It Pay to Reduce Pay? and Cutting Salaries Instead of Jobs . Does it make sense? Once considered off limits for salaried managers and professionals, base pay reductions are becoming increasingly common in today's brutal ...

Executive pay goes down - to just $7.6 million

Don't for a second think that the fat cats on Wall Street are doing it tough. The Wall Street Journal tells us that the pay of the people who have brought America to its knees has gone done 3.4% to a paltry median figure of $7.56 million. While unemployment continues to rise, small busine...

TIME's Top 10 April Fools' Pranks

• TIME's Top 10 April Fools' Pranks • Qimo 4 Kids | Software For Kids • TodaysMama • elaboratorium - Look at jobs and careers near you! • College Football and Basketball Conferences, Roster, Teams, Players, Stats • Favorite Bookmarks Web 2.0 - Access your bookmarks online anytime,...

The politics of AIG

The political fallout from the AIG bailout will be massive. With $165 million in US taxpayers' money going to pay executive bonuses, the Obama administration is bailing itself for a backlash. It looks impotent and ineffective as Bernanke tells 60 Minutes he slammed the phone down a few tim...

Toms Steps Up

Courtesy: Golf.com There's a good story over at PGATour.com written by John Maginnes. It deals with the current economic situation (or, as I call it, depression) that is settling in upon all of us. Tour veteran David Toms says simply it's time for the players to step up and hel...

整治低俗之风　中国关闭91家违法违规网站

• 整治低俗之风　中国关闭91家违法违规网站 • 15家银行存量房贷优惠完全手册 • 俄罗斯乌克兰欧盟签署过境输气监测机构议定书 • 微软09年急需完成10件大事 • 2008年基金缩水近1.3万亿元"千亿级"基金公司仅剩3家 • 2008网络安全盘点 看网络犯罪大排名 • 浦东增6.5亿创投引导基金 • Mednar: Federated Search • JobeeHive: Read company reviews, salaries. Build your career network • RIP Good Times.. He...

younoodle - or what is your startup worth?

...elationships among founders, advisers, and employees. Entrepreneurs are also asked about their past salaries, work habits, and work experience. Give it a spin - don't be too concerned Younoodle ...

Is reverse offshoring a trend?

Couple of months ago, the pages of Wall Street Journal, Business Week and Economist were covering news about the decision of some U.S. based companies to bring back their offshore operations. As I understood, the decisions were based on in three main drivers: - Increase in the labor salary in ...

Forrester Research: A Fast-Growing Mobile Workforce

Photo courtesy of iStockphoto A new report from Forrester Research says mobile information workers, who either telecommute or travel frequently, account for 20% of workers today - and will account for 34% of workers in four years. "Overall, Forrester estimates 73% of employees will b...

The Economic Crisis - and an Opportunity

...nd-gloom, the article points to key indicators of a slowdown - falls in housing prices, stabilizing salaries, and many more people looking for work. The article points out, however, that the slowdown...

The end of capitalism as we know it?

The scene of banks going under and policy makers risking moral hazard and bailing out the guilty is changing US market capitalism as we know it. The great economist Joseph Schumpeter talked about "creative destruction". This was the great engine of capitalism where the old ways are ...

Why Pro Athletes Deserve More Money Than You

© Craig Hatfield The title of the post is meant to be provocative, of course, but if you've ever shook your fist at a world where dunking a basketball is worth more than teaching a child how to do multiplication, you might want to know the answer - why is this world so screwed up that Lebr...

Bootstrapping principle #3: Freelance over full-time

© douglemoine As anyone in an operating business can tell you these days, hiring freelancers or subcontractors can sometimes be a better option than full-time employees . So it should come as no surprise that bootstrappers must sometimes rely on freelance over full-time workers and should b...

US auto makers ask for a bailout

You really have to worry when big corporations go to the Government and ask to be put on welfare! Last week, I did a blog entry looking at how General Motors was asking for a moratorium on crash testing. Now we have news reports that they are now begging Washington for $50 billion in loans ...

CFO churn

Life for chief financial officers is getting tougher with a new study, to be released next month, showing that roughly half of the CFOs at Fortune 500 and S&P 500 companies stay in their posts for less than three years, according to this Financial Week report . According to the study, chur...

US taxpayers subsidize CEO pay

US taxpayers are subsidizing CEO salaries by more than $20 billion a year through tax and accounting loopholes, according to a report by the Institute of Policy Studies. That is more than double what is spent in the US educating children with disabilities. The report, Executive Excess 2008 ,...

Stereotypes, and the Price of Rice in China...

I participate in a closed social network of educators where a principal I'm familiar with posed a question. The topic had to do with convincing teachers that China (and the rest of the world) matter - that we should pay attention to globalization, etc. The principal had one teacher reply that ...

Supply chain job market: What are the external influencing factors?

Yesterday I asked you about the current growth situation of the salaries in SCM. So, will the market be growing or declining in terms of salaries? In order to make a better judgement, I decided to think about the elements which are affecting this market and salary levels. Here it comes; hope yo...

Financial professionals continue to rake it in

Funny thing about this recession. It seems to be affecting everyone except for accountants. In the past I have done entries, such as this one , looking at the phenomenon. No surprises then that we have this report of an Association for financial professionals ' survey showing that ...

Who will control your computers?

There is a broad disparity between the views of software manufacturers and their customers with regard to who is ultimately in control of the software running on the customer machine. Businesses (and consumers) like to think that they own the machines they have paid good money for, and that they...

Millenials don't want to work for you, anyway

© webg33k I may be obsessing way too much on the management dilemma posed by the millenial generation for CIOs. It turns out that IT is, like, totally boring, and they don't want to work for you old PHBs anyway. That could explain a lot of the "take us or leave us" attitude, ...

More Than Half of Retired Women Receive Social Security Benefits Based on Their Husband's Work History

...f $102,000 in 2008, while employers contribute an equal amount. As more women work and earn better salaries, the proportion claiming benefits based on a spouse's record may decline somewhat. But ...

So You Wanna Be An Air Traffic Controller

Photo courtesy of iStockphoto, Ken Cameron Forbes had an article last week about "surprising" six-figure jobs , or at least jobs where it's possible to make $100,000 or more, even if not everyone makes that much. Among the bigger surprises were casino manager, flight attendant,...

Tomorrow's hot job: compliance officers

Compliance officers are cashing in on the ever-growing pile of laws and regulations confronting companies around the world. Some are now earning well into the seven figures, reports Michael Grebb at Bank Technology News . The work is enormous. Just the babks alone have to contend with Bank Sec...

Rich and poor: the CEO pay disconnect

Soaring executive pay is shaping up as a major political issue. US share prices might have fallen but executive compensation has continued to rise with the average chief executive now making more than 465 times what the average US worker makes. That's in contrast to the differential of 54 ti...

Don't keep your day job?

Miriam schwab over at BizzyWomen has this observation in her review of the first five points from Dane Carlson's often controversial 20 Things Not to Do Before Starting A Business . Dane's post is a great exercise for the bootstrap entrepreneur since it helps examine just what ...

2008 IT Skills and Salary Report

© mio_pls 2008 IT Skills and Salary Report A Joint Study by Global Knowledge and TechRepublic Are you secure in your job? I have looked at quite a few salary surveys in my day, you probably have too, but this one seemed to be very well reported. It hit a lot of the key questions I te...

New to the Blogroll: Can I Get Rich On A Salary

by vertvert2002 Came across the blog Can I Get Rich On A Salary today and despite the terrible blog name I like the writing so far and am putting it on the roll to make it a regular read. Here's an excerpt from a recent post: We do, however, practice the art of self-deception in our per...

University Greed Creates Disadvantages to Online Learning

A recent editorial in the UM-St. Louis Current charges that many of the reasons universities start online classes are harmful to student learners. Instead of starting online courses for student convenience or as a viable learning alternative, some universities do it because they can save money o...

Preparing to Move to Mexico

Anyone into beach combing? If I could live anywhere, I would move to the Caribbean. Wait, I did. How did I end up landlocked again? OK, never mind that. If you want to go live in Mexico, the Mayan Riviera is it: gorgeous weather (average temperature of 78 degrees Fahrenheit), great job market, ...

To Enroll or Not to Enroll...That is the Question

Most of my peers shared a similar experience after graduating from college. They found what they thought was the perfect job and had big expectations. Then, after a few weeks (or days) at the office, they all came to the same realization: "This isn't quite what I had expected." The...

Subprime mess won't stop bonuses

Bonuses might be down but the subprime mess has not stopped the party on wall street . True, some are "doing it hard". After Morgan Stanley, for example, announced it would write down its mortgage assets by $9.4 billion and suffer its first quarterly loss fueled by losses in su...

Why is there no Paycycle for every business service and country?

I remember from starting newtron in 1999 in Germany trotting over to our payroll service consultant every month and duly reporting changes in the HR roster and receiving a roster of paper slips. After that several electronic transfers had to be taken to send taxes, salaries and other contribut...

Teacher Schools the Final Table at APPT Sydney

Teacher's salaries are renown for being far less equal to the amount of work and Perseverance they must go through on a daily basis. Kids today are growing up much more quickly, and most public schools are facing yearly budget cuts with teachers having to do more with less or even figh...

Headlines and CEO pay

The media spends a lot of time bagging CEOs for outrageous salaries and perks. But a recent study suggests the media might be just as much to blame. The study by University of Colorado researchers, reported here , examined more than 1500 companies and CEOs from 1997 to 2005 and how often th...

Finchem's Pipe Dream

Tim Finchem has reacted to the European Tour's announcement of its own version of the FedEx Cup. Finchem says the newly minted Dubai World Championship, with its purse of 10 million dollars is "great for professional golf globally" because "it reduces the clamor that, because...

Call Center Ban in India?

This sounds surprising but yes, call centers are experiencing a "ban" when it comes as a career option for young workers in India. The reason for this "ban" was mentioned in this report done by the Indian University which was also featured in TIME. According to the report...

The Outsourcing Return

This is not what you think it is. Based on recent news reports, outsourcing is now coming back to its origin: America. This was indicated in this research entitled "Time Zones Do Matter: Rediscovering the Americas and Nearshore Delivery" by Dana Stiffler the research director for AM...

Be a bootstrapping star

Here are some great bootstrapping suggestions from a diverse group of business leaders in an article from the Kansas City Star . The article covers a recent workshop on bootstrapping held by the Enterprise Center of Johnson County. Why bootstrap your next business venture? Experts a...

Make More with an Online Computer Science Degree

Because computer science is so conducive to the online learning environment, a lot of virtual colleges offer these programs. Now, Ars Technica reports that people with computer science degrees have increased their earning potential. Here's a blurb: "...Given the massive drop-off in t...

Buried treasure, corporate pirates and Sarbanes-Oxley

Sarbanes-Oxley has limited impact because its penalties are relatively weak when compared to other statutes, says Lisa Nicholson , Associate Professor of Law at the University of Louisville. In her paper, The culture of under-enforcement: buried treasure, Sarbanes-Oxley and the corporate pirat...

India: Still Strong

If you ever thought that India is slipping behind the outsourcing growth in the world, think again. India is still on top of its game considering that there are a lot of threats in outsourcing namely other outsourcing destinations. Based on this news article entitled India still rolling in th...

Business Structure 101: The Basics of Proprietorship

Why go into a home-based business? Why not indeed? A home-based business offers the kind of independence and freedom you don't always find as an employee. Unlike your 9-to-5 job, your earnings aren't limited by what is stated in your employment contract. You also can allow your creativity...

Determine Your Expected Salary Before Enrolling

I have a friend who graduated with over 100k in Student loan debt - and a teaching degree. Unfortunately, it's going to take her a very long time to pay off the debt with a teacher's salary. If you're considering earning an online degree, take the time to weigh the costs and ...

Kaka is Serie A's Top Earner

Football mad Italian pink paper Gazzetta dello Sport has published all the Serie A salaries , and Milan's Kaka tops the list. The Brazilian genius takes home a decent €6.0 million a year, which is more than enough to keep him in religiously themed t-shirts . Francesco Totti is second ...

Interview with Thomas Homer-Dixon

This week, I sat down to have a chat with Thomas Homer-Dixon, professor of Political Science at the University of Toronto and author of The Upside of Down . In his book, Homer-Dixon argues that the world is under pressure from five big stresses: Energy stress, with the diminishing supply of con...

Finding Investors for Your Home Based Business

You can start your business planning by looking for sources of money. Start with your personal funds and see how much you can allot to starting up your business. Your money will include stocks and investments, bonds, insurance, and real properties. You need to know how much money you are willing ...

The New Payroll Outsourcing

This type of outsourcing is considered as part of hr outsourcing though its scope is very much detailed. Aside from that, payroll outsourcing is also a sensitive topic because it deals with money and the salaries of employees. It is very much expected that this kind of outsourcing would ex...

Finance Career Resource Guide Launch

With investment banking giant UBS forecasting the world economy to grow about 3.5 percent each year and rapid proliferation of multi-billion dollar hedge funds and private equity funds, All Business Schools announced the launch of it Finance Career Resource Guide. With pages devoted to both speci...

How to Make More Money: Change Jobs

I've done a lot of reading today, so I unfortunately can not remember what article I saw that talked about how to do better at your job so you could make more money . The tips on how to do better at your job were all good from what I remember, but the whole time I was thinking to myself...

Will Some Majors Cost You More?

(Source: University of Nebraska) Be careful when declaring your major next fall. It could cost you. So says a recent New York Times article , which details a growing trend among public universities to charge more for certain majors. Consider: Should an undergraduate studying business pay...

How to Think Like Warren Buffett, Part 24

With this installment of our never-ending 30-part series on the Sage of Omaha , we finally enter into the 2000s. Hopefully we'll be done before we get to the 2010s. Today we look at Warren Buffett's Letter to Berkshire Hathaway shareholders covering the year 2000. Buffett described 200...

Captive Centers - 20% Additional Savings

EquaTerra believes upwards of 20 percent additional savings are on the table for some of India's captives, and that is on top of opportunities for improved quality and global process Standardization .But still recommends rethinking the captive strategy, given the complexity o...

Home Based Telemarketing Job Opening Zanesville Area

Infocision.com will be conducting interviews on July 26 from 10:30 am to 2:30 pm at Muskingum County Opportunity Center, to hire telemarketing applicants who will be allowed to work from home. Feltrup said the company looks for individuals who are "eager to work but are having diffi...

Online Technology Degrees are Hot, Hot, Hot

According to industry professionals, the workforce is entering a technology skills shortage. More employers are looking for new hires that have technological know-how. Demand is causing job numbers and salaries to increase. Technology is one subject that works especially well with online learnin...

TCS Some Thoughts?

TCS is making some serious investmenst in building its brand visibility, most of us have probably seen the "Experience Certainity" campaingn, but another aspect seems to be the executives becoming more available. Some time back we covered an interview with their CFO , this time its Su...

College Grads See Higher Salaries This Year

If you're looking for another reason to earn that online degree consider this: college graduates are seeing higher salaries this year. According to a new article from CNN Money, salaries are on the rise for graduates in all fields. Here's a blurb: "Nearly nine out of 10 employers r...

Black years in jail

So Conrad Black has been convicted as a fraudster. For a neat summary of how the media responded to the verdict, go to Macleans . Now attention turns to the appeal and what he's likely to get. One thing's for sure: the presents Conrad Black was giving out to his friends over Christm...

Choose an Online Degree That Attracts Employers

If you're trying to decide which online degree to earn, you'll want to take a look at a new Yahoo Education article. Here's what they have to say about earning a degree in a profitable industry: "While jobs are drying up in some industries, in other fields the shortage of quali...

India IT Service Companies, Hiring in the US

Businessweek has an article highlighting how some of the Indian IT Services firms are begining to hire more in the US. Excerpts from the same: In the past, Indian companies almost always transferred Indians to work in the U.S. on temporary visas. But now Infosys and other Indian outfits are hi...

BPO Salaries: Going Up

One of the things which BPO could cause is the rising salary rate for BPO workers. If this would be a good or a bad thing, this is still debatable. For fresh graduates, this means a high starting salary for their first work and also a choice of their desired position. On the other hand, BPO comp...

Why Working from Home Pays More

It's a proven fact that those who work from home can save more from gas bill, clothing, and other expenses that people who commute to work incur. But do you know how others justify why home workers or telecommuters earn more than their office worker counterparts? Are employers intentiona...

Your doctor is educated by liars

...ening? After all, more than one third of the FDA staff is paid for by Big Pharma. Yes, their whole salaries, not partial, and not even through this or that resource - they are literally hired and pai...

Howard Gardner on business ethics

Howard Gardner is best known for his pioneering work on multiple intelligences , a framework that basically sets out our strengths and weaknesses across many areas. Now he has started used that framework to explore the concept of business ethics. As explained in this piece in Strategy...

LAS VEGAS CASINO OWNERS GETTING GREEDIER

Source:www.cbsd.org It's no secret that the corporate America owned Las Vegas casinos routinely tighten the belt another notch in order to squeeze a few cents more out of gamblers. In fact, over the past decade these guys have found ways to lower wages and currently casino mogul Steve Wy...

Funding your business with credit (Part 1)

CONTINUED FROM PREVIOUS POST Nothing so unusual there . Many entrepreneurs have used credit in part or completely to start a fledgling enterprise . In fact, as I believe I have mentioned before on this blog, I have a friend who launched her own lifestyle magazine entirely on plastic. It no...

Big Money

Courtesy: Sun-Sentinel Newspaper Money sure swirls around in the world of sports and golf certainly gets its fair share. A lot of green flows to golfers as the result of their off-course endorsement deals, of course. That's no different from other sports figures whose salaries are often...

3 Ways a New Home Based Business Can Save Money

Just Buy What You Need As a home-based business owner, do you really need to purchase brand new home office furniture when you'll mostly hold your transactions online? Do your best to spend money for actual business needs and not for luxuries that your business can't really afford. H...