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Analyst: Wall St. Bonus Structure Ingrained
This week President Obama called Wall Street bankers 'shameful' after it was revealed they gave themselves nearly $20 billion in bonuses in 2008. 'They have this mindset that bonuses are how people get paid,' Joe Nocera tells NPR's Scott Simon. 'The top people are not getting bonuses, but the people underneath still got them. The bonus structure is so ingrained in the Wall Street culture, [but] it is ridiculous that they would do this in the face of the tens of billions of dollars of loss they have taken.'
NPR

Will you be watching the Super Bowl?
lucy wrote: FineZin wrote: Only if I have absolutely nothing else to do.Hooray for President Obama calling Wall Street bonuses shameful. Some other adjectives that are suitable, albeit unpresidential, to describe this outrage are contemptible, indecent, loathsome, obscene, atrocious, vile, dishonorable, detestable, despicable, ignoble, and disgraceful. I wouldn't trust these people with the cash till at the local burger joint. They should be fired en masse. True. However, these adjectives can and should be applied to Congress also and their three ring circus, both Republicans AND Democrats. "They should be fired en masse" particularly applies to ethically challenged folks like Dodd and Frank. I totally agree. There's a Congressional election next year. We must vote for change we can believe in. And now you can add Daschle to the list. Sounds like he's another tax cheat.
WSJ.com

ELANŽ Launches Groundbreaking EliosT Architectural and Cinema ... - PR Inside
Lexington, KY, January 31, 2009 -- ELANŽ Home Systems, a leading manufacturer of award-winning Multi-Room audio/video and home control systems, today announced the launch of EliosT, the company&os;s broad new line of high-performance in-wall and in ...
Feed Digest

Green Marketing `Broke Through` in 2008?What`s Next?
Wall Street had a stormy 2008, but there is a silver lining: Industry leaders are now turning to all things 'eco' as a new source of (genuine?) green. Here are the top 5 green marketing stories from a volatile year?and what they may mean for your business in 2009.
marketingprofs.com

Refer to a friend - PR Inside
Lexington, KY, January 31, 2009 -- ELANŽ Home Systems, a leading manufacturer of award-winning Multi-Room audio/video and home control systems, today announced the launch of EliosT, the company&os;s broad new line of high-performance in-wall and in ...
Feed Digest

Even White House isn't immune from pay freezes - St. Petersburg Times
Story Tools WASHINGTON - What do Tropicana Casino and Resort, Avis and the White House have in common? . They&os;re all freezing the pay of some of their workers. It&os;s part of a growing trend by employers facing the fallout, economic and political ...
Feed Digest

Wall Street suffers worst January
Wall Street suffers its worst January on record as a barrage of bad economic data continues to shake investors' confidence.
BBC

Main Street Reviles Wall Street Bonuses
In times of prosperity, Wall Street executives are highly paid heroes to be emulated. Eye-popping corporate profits and pocket-lining dividends are celebrated like Super Bowl wins and Oscar sweeps.
The Washington Post

NYSE, Bids Trading start trading on Block Exchange
NEW YORK -- The New York Stock Exchange started a new block-trading platform, partly owned by some of Wall Street's largest brokerages, that executes large orders at lower costs.
bignewsnetwork.com

On Street, New Reality on Pay Sets In
Wall Street is scrambling to reset compensation policies in an effort to avert a government crackdown that some fear could be even more painful.
WSJ.com

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Archived "business - wall st" news stories.

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November 2009
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