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Categories:
Environmental and Energy IssuesSocial Issues and Concerns
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News & UpdatesDecember 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 The fallen giants of finance Source: Financial Times The search for scapegoats in the worst financial crisis since the Great Depression is under way. As one financial group after another has collapsed, wiping out thousands of billions worth of value for investors, a plethora of... December 24, 2008 Bank of American and Citigroup Oppose U.S. Economic Security ResolutionSource: CSRwire (CSRwire) Napa, California - Harrington Investments, Inc., (HII) a socially responsible investment advisory firm, has announced that Bank of America and Citigroup, two of the biggest recipients of taxpayer bailout funds, oppose... 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. December 23, 2008 Caterpillar to Cut Executive Pay, Sets Hiring FreezeSource: Bloomberg.com Caterpillar Inc., the biggest maker of construction equipment, will cut executive pay as much as 50 percent and suspend merit increases for management and support staff to trim costs amid turmoil in the credit and financial... December 23, 2008 Aflac helps set course for ‘say on pay’ issueSource: AJC.com Daniel Amos was a little boy when his father and uncles went door to door to get the financing they needed to launch Aflac, the Columbus insurance business he has run for the past 19 years. “We came from a very modest... December 23, 2008 Hedge Funds Concede Oversight Inevitability in Wake of MadoffSource: Bloomberg.com Hedge-fund managers say Bernard Madoff may succeed where Christopher Cox failed: forcing regulation of their $1.5 trillion industry.
December 23, 2008 UAW official: Big 3 pay not higherSource: IndyStar.com A United Auto Workers official in Indianapolis said Monday that base wages in Detroit's auto industry are already in line with pay for workers in most Japanese car plants in the United States. "I'd contend we're there today,"... December 22, 2008 $1.6 Billion of Bailout Went to Pay Top Execs Source: Dollars and Sense According to a study by the Associated Press, $1.6 billion of the federal bailout funds went into the pockets of top bank executives. Even institutions that have cut the salaries and bonuses of top corporate officers have awarded... [What would you find useful here?]
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