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Tag: henry ford

The future of work

The future of work

There are people who receive retirement as a blessing, the opportunity to enjoy some free time that they did not have throughout their lives, while others take years to get accustomed to it, if ever at all. They get up at the same time as they did before, look for the company of former co-workers and spend the day telling anyone who wants to listen to what their past life was like without paying attention to the new life that…

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EU Lawmakers Congratulate Each Other On Passing Another Ineffectual Financial Regulation

EU Lawmakers Congratulate Each Other On Passing Another Ineffectual Financial Regulation

The “culture of excessive bonuses” is dead, according to European Commission President José Manuel Barroso. Long live the culture of unreasonably high base salaries! European lawmakers voted on Tuesday to cap banker bonuses at the region’s largest institutions, as part of a major set of reforms designed to curb the financial industry’s risky behavior. As part of the hard-fought deal, compensation limits will restrict bonus payments to one year’s base salary, though that figure can be doubled if a majority…

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Europe Votes to Curb Banker Bonuses

Europe Votes to Curb Banker Bonuses

BRUSSELS – European politicians approved major new rules on Tuesday that will cap the amount that bankers at Europe’s largest firms will receive in future bonuses. As part of a hard-fought deal, the compensation limits will restrict bonus payments to one year’s base salary, though that figure can be doubled if a majority of shareholders approve. The legislation had faced major opposition from Britain, home to Europe’s largest financial center. But Britain was eventually outvoted by other European Union countries…

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Pay for Boards at Banks Soars Amid Cutbacks

Pay for Boards at Banks Soars Amid Cutbacks

Wall Street pay, while lucrative, isn’t what it used to be — unless you are a board member. Since the financial crisis, compensation for the directors of the nation’s biggest banks has continued to rise even as the banks themselves, facing difficult markets and regulatory pressures, are reining in bonuses and pay. Take Goldman Sachs, where the average annual compensation for a director — essentially a part-time job — was $ 488,709 in 2011, the last year for which data…

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What You Should Know About Personal Finances

What You Should Know About Personal Finances

While your finances won’t impact others if you live alone, people with a family need to be much more careful with their money. Read this guide for great tips on how to manage your personal finances in a way that will yield you benefits. Say goodbye to bottled water. It is too expensive and tap water is free. Faucet filters are affordable, or you can change the taste by adding flavoring. Both these options can make the water taste better…

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