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Categories:
Environmental and Energy IssuesSocial Issues and Concerns
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News & UpdatesDecember 29, 2008 Pay accountability needs to start with corporate boards  Source: Michelle Singletary,Indystar.com Last year, the chief executives of at least 32 companies took the symbolic salary of $1 a year, according to Equilar, an executive compensation research company. We regular wage earners know darn well these guys will get stock... December 29, 2008 Economist: Obama Stimulus Not Enough Source: Face the Nation -CBS News Nobel-winning economist Paul Krugman said he is concerned that the stimulus package is not big enough. "I'd like to see it bigger." Krugman said. "I understand that there's difficulty in actually spending that much money, and... December 28, 2008 Shareholder say on CEO salaries gains noticeSource: Albanj Times-Union - NY So you're a shareholder in a company you believe pays its top executives far too much. What can you do about it? Well, not much — for now. But the deepening financial crisis, and the growing outrage over executive pay packages... December 27, 2008 We're saving $1 billion a day on gasolineSource: Detroit Free Press Americans are paying $1 billion less per day for gasoline now compared with mid-July, when the national average price was more than $4 per gallon, an energy analyst says.
December 26, 2008 Broad Probe Into Hedge FundSource: The Wall Street Journal The Securities and Exchange Commission is casting a wide net as it investigates the apparent $50 billion fraud allegedly committed by Bernard Madoff, and it continues to look into whether Mr. Madoff's family had any connection to... December 26, 2008 Senators to press for answers from rescued banks Source: Newsday - NY One of the first orders of business for the new Congress next month will be making sure that banks and other firms that received some of the $700-billion economic bailout reveal how they are spending it.
December 25, 2008 CEOs and Market Woes: Is Poor Corporate Governance to Blame? Source: International Business Times From Wall Street to Detroit, chief executives are losing their bonuses, agreeing to work for a dollar a year and in many cases losing their jobs. Congress is invading the executive suite, demanding veto power over management... December 25, 2008 Fed Approves GMAC Request to Become a BankSource: New York Times Federal regulators will permit the financing arm of General Motors to become a bank and gain access to billions of dollars in government aid, a crucial step that will help ensure the survival of the company. December 24, 2008 FASB May Let Banks Delay Losses on Some Asset-Backed SecuritiesSource: Bloomberg.com The Financial Accounting Standards Board may let companies delay writedowns this year on some lower- rated asset-backed securities after banks and insurers blamed accounting rules for eroding their capital.
December 24, 2008 Wal-Mart to Settle 63 Suits Over WagesSource: The Wall Street Journal Wal-Mart Stores Inc. agreed Tuesday to pay up to $640 million to settle 63 suits alleging it routinely underpaid employees around the country, ending years of embarrassing legal battles over its treatment of workers. [What would you find useful here?]
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