LA Church 'agrees abuse pay deal' Nov 21, 2009
More than 500 people allegedly abused by Los Angeles Catholic priests are to receive a record-breaking compensation pay-out, their main lawyer says. The deal, which a judge must approve, is reported to be worth $660m (324m). (Yahoo News -- Catholic Church Abuse Scandal)
State's elected officials' pay to be cut Nov 21, 2009
The pay cuts were approved in May by the California Citizens Compensation Commission, which sets the salaries for elected officials in the state ... Schmidt's and Waldie's primary concern in the letter appeared to be whether the Citizens Compensation Commission could legally slash lawmakers' per diem and car allowance benefits by 18 percent - as the panel voted to do in July ... Murray, the Citizens Compensation Commission chair, said the Legislature may now regret raising the issue. (San Francisco Chronicle -- Politics)
Goldman Sachs' Thanksgiving: Garbage Duty Nov 21, 2009
(CBS/AP) They received billions in a taxpayer-financed bailout, returned to soaring profits and recently set aside nearly $40 billion in compensation and bonuses ... 7 billion for compensation and another $23 billion for bonuses. (CBS News)
W.P. Stewart & Co., Ltd. Announces 30 June 2009 Financial Results and Gives Corporate Update Nov 21, 2009
8 million, representing non-cash income and expenses consisting of unrealized gains and losses, non-cash compensation, depreciation, amortization and other non-cash charges, on a tax-effected basis), or -$1 ... 1 million, representing non-cash income and expenses consisting of unrealized gains and losses, non-cash compensation, depreciation, amortization and other non-cash charges, on a tax-effected basis), or -$0 ... For the six months ended 30 June 2009 non-cash compensation expense related to... (Primezone Releases)
Gates Found. made $2.8B in awards in 2008 Nov 21, 2009
The highest-paid employee was Ray Yip, director of the foundation s China program, who earned $673,011 and received another $53,221 in benefits and differed compensation. Foundation CEO Jeff Raikes earned $315,403 for nearly four months of service, which sets his annual pay rate at about $990,000. (Puget Sound Business Journal, WA)
Herbert Miller Jr.; lawyer secured pardon for Nixon Nov 21, 2009
When Congress passed a law requiring Nixon to give up ownership of the tapes, Mr. Miller sued for compensation, arguing that the tapes were Nixon s private property. To open the White House documents, Mr. Miller said, would be a flagrant intrusion on Nixon s rights both as a citizen and as former president and would precipitate a freewheeling rummage through his personal effects. (Boston Globe)
Stroup, Rhodes promoted Nov 21, 2009
She has extensive experience in construction contractor accounting, and auditing, where she has handled a variety of issues including taxation, workers compensation, insurance and regulatory requirements. A reception is planned on Nov. 19 to celebrate their promotion to partner. (Park Hills Daily Journal, MO)
Alterra broker suspended by state Nov 21, 2009
A Sept. 10 commission order against Bertison accused him of accepting commissions and other compensation for negotiating the sale and lease of properties and offering to list properties for lease and sale, even though he wasn t licensed. Bertison was fined $36,000 in a settlement agreement. (Columbus Business First, OH)
Goldman told to be less greedy, cut bonus pool Nov 21, 2009
Regulators in European countries such as Britain, France and Switzerland are already taking steps to introduce new rules on bankers' compensation ... But Swiss-based investment fund Ethos, which has a keen interest in corporate governance practice, says the key to changing compensation schemes is empowering shareholders. (India Times)
Read more... Nov 21, 2009
Each of these partners will develop and implement new approaches, strategies, and policies, including adopting better measures of teacher effectiveness that include growth in student achievement and college readiness; using those measures to boost teacher development, training, and support; tying tenure decisions more closely to teacher effectiveness measures and rewarding highly effective teachers through new career and compensation opportunities that keep them in the classroom; strengthening... (PNN Online)
Ruling offers billions for Katrina victims Nov 21, 2009
NEW YORK: The US Government faces compensation claims worth billions of dollars from victims of Hurricane Katrina after a federal judge found that negligence on the part of the army's corps of engineers was directly responsible for some of the most extreme flooding ... It has publicly stated its desire to be more proactive than the Bush administration in helping New Orleans rebuild itself, but it may not relish the prospect of big compensation claims at a time when it is trying to contain... (Sydney Morning Herald -- World)
On warming, peat is the elephant in the room Nov 20, 2009
The village chief, Syahrani, said he was trying to get compensation but didn't hold out much hope. Globalindo's bosses "have all the power. They control everything," he said. (MSNBC -- International)
Task force calls Lexington health care costs 'problematic' Nov 20, 2009
The Task Force urged the town to begin considering total compensation, not just salaries, in negotiations with town employees ... The report says that the current division between coalition bargaining over health benefits and unit-by-unit bargaining over other elements of compensation with the two subjects kept rigidly divided makes it exceedingly difficult to arrive at agreements for changes in health benefits. (Lexington Minuteman, MA)
Making money from open source: Still an issue Nov 20, 2009
By Paul Krill - Thu Nov 19, 2009 1:56PM EST. Add articles about technology to your My Yahoo. (Yahoo News -- Technology)
Gas offers chance for PNG poverty Nov 20, 2009
Local employees, numbering far fewer, will receive more modest compensation. In fact, the project itself will hire fewer staff than a single tuna cannery. (Sydney Morning Herald -- Opinion)
LA Church 'agrees abuse pay deal' Nov 20, 2009
More than 500 people allegedly abused by Los Angeles Catholic priests are to receive a record-breaking compensation pay-out, their main lawyer says. The deal, which a judge must approve, is reported to be worth $660m (324m). (Yahoo News -- Catholic Church Abuse Scandal)
Can the Postal Service be Saved? Nov 20, 2009
"...total compensation and retirement benefits to more than $800,000 in 2008. That is more than double the salary for President Obama" (quoted from Washington Post 2/17/2009. Perhaps it's the huge executive salaries and bonuses which are ruining the US Postal Service, as well as USA corporations. (CBS News)
While Worker Pensions Fail, CEOs Get Rich Nov 20, 2009
5 million compensation, with perks like a car and driver and country club memberships ... But their executives drew a total of $350 million in compensation ... "I think we should say when a pension plan is in danger of being dumped on the U.S. taxpayers, the executives can't make big compensation until they fix the plan," said Rep. (CBS News)
Stroup, Rhodes promoted Nov 20, 2009
She has extensive experience in construction contractor accounting, and auditing, where she has handled a variety of issues including taxation, workers compensation, insurance and regulatory requirements. A reception is planned on Nov. 19 to celebrate their promotion to partner. (Park Hills Daily Journal, MO)
SkyAndrecheckInside Baseball The baffling free-agent ranking system really punishes relievers. Nov 20, 2009
As additional compensation, the team losing the free agent also gains a "sandwich pick" that comes between the first and second round ... You don't often hear fans or media talking about these compensation draft picks, but they can have a real effect on the free-agent market, particularly for Type A free agents, effectively penalizing players for being rated at the top of their class ... Due to the free-agent draft pick compensation rules, a team that signs a Type A free agent will have to pay... (SportsIllustrated.CNN)
California Continues to Hemorrhage Red Ink Nov 20, 2009
Among them: a $1 billion partial sale of the State Compensation Insurance Fund. The plan has been challenged in the courts by state Insurance Commissioner Steve Poizner, a Republican candidate for governor. (Newsmax)
StockerYale Reports Third-Quarter 2009 Financial Results Nov 20, 2009
The decrease in expenses versus the prior year was primarily due to acquisition costs in the prior year from the proposed acquisition of Virtek Vision International, Inc., which was $452,000, lower costs due to cost reduction initiatives of approximately $269,000, lower stock compensation costs of approximately $200,000 and favorable foreign currency impact of approximately $120,000 ... Three Months Ended (In thousands) September 30, 2009 2008 ---------------------- Net Loss $ (1,450) $ (3,099)... (Primezone Releases)
Cost Cutting Measures: City to furlough directors, supervisors (4) Nov 20, 2009
Some of the issues being discussed to lower costs are a hiring freeze; capital expenditure freeze; travel/training suspension; reduction of police fleet to a shared car system; suspension of extending vacation balances; required use all recorded comp time by May 1, 2010; reduction of all departmental budgets by 2 percent; increasing the Enterprise Fund transfers to the maximum established by COS study; the reduction of some services; the addition of an emergency service fee onto the utility... (Bartlesville Examiner-Enterprise, OK)
Leader Energy Services Announces Third Quarter Results Nov 20, 2009
Performance Summary (in '000s of dollars) ------------------- ----------- ------------------------------- Quarter ended, September September 30, 2009 30, 2008 $ Change % Change ----------- ------------------------------- Revenue - continuing operations $ 1,786 $ 4,505 (2,719) (60) Operating expenses - continuing operations 1,568 3,160 (1,592) (50) G&A - continuing operations 840 1,141 (301) (26) ----------- ------------------------------- E(L)BITDAS from continuing operations(i) (622) 204 (826)... (CCNMatthews Press Releases)
Carney Shows How Canada Controls Risk So Central Banks Worldwide Can Too Nov 20, 2009
Last month, Carney said hes disappointed by pushback from global banks against reforms spelled out by G-20 leaders in Pittsburgh, such as curbing risk-taking by better aligning incentives behind compensation policies. Bank Profits. (Bloomberg -- Canada)
Katrina Damage Due to "Monumental" Neglect, Judge Rules Nov 20, 2009
The plaintiffs lawyers would like Congress to set up a compensation fund to speed up payments to the thousands of other claimants, whose claims must still be heard in court. The government is expected to appeal, and UC Berkeley's Bea also predicted in May that the case could go all the way to the Supreme Court. (National Geographic)
Facebook Common Stock Value Jumps 42% to $9.5 Billion on Private Market Nov 20, 2009
The U.S. Securities and Exchange Commission allows trading in shares of private companies, as long as investors meet certain , such as having an annual income of more than $200,000 or a minimum net worth of $1 million, said Tom Kim, a lawyer specializing in executive compensation in Palo Alto, California. Transaction Volume. (Bloomberg)
State budget drowning in red ink for next year Nov 20, 2009
4 billion in the fiscal year starting July 1 - is the result of several factors, including plans for spending cuts that never happened, court rulings that blocked some cuts, and the assumption that the state would be unable to sell the State Compensation Insurance Fund, which was to bring in about $1 billion this year ... -- The expected inability of the state to sell the State Compensation Insurance Fund, a quasi-public workers' compensation insurer, to bring in $1 billion in revenue. (San Francisco Chronicle)
SkyAndrecheckInside Baseball The baffling free-agent ranking system really punishes relievers. Nov 20, 2009
As additional compensation, the team losing the free agent also gains a "sandwich pick" that comes between the first and second round ... You don't often hear fans or media talking about these compensation draft picks, but they can have a real effect on the free-agent market, particularly for Type A free agents, effectively penalizing players for being rated at the top of their class ... Due to the free-agent draft pick compensation rules, a team that signs a Type A free agent will have to pay... (SportsIllustrated.CNN -- MLB)
Fond(ish) farewell for ousted chairman Nov 20, 2009
That was at least some compensation for Dearie, who is still paying the price for his generosity. He dismantled his wine cellar in London and gave the contents away to friends - the only problem being that many of them, in their haste to phone and thank him for the wine they have just drunk, are forgetting to allow for the time difference. (Sydney Morning Herald -- Business)
Commentary: Are MMA fights safe and good for Cameron? Nov 20, 2009
Nancy wrote on Nov 18, 2009 2:39 PM:" I think Cory Teel is making a ton of money at the expense of childrens lives. And no the fighters DO NOT get any money not even a portion of the ticket sales I know of 5 fighters who have fought. No one has gotten any compensation. Oh and he doesnt even pay the security or the waiters! he is a joke and when someone gets seriously injured he will be in the clear. Some of the fighters have walked straight in on fight night and said oh Ill fight. WIth no... (Cameron Observer, MO)
The rising price of university presidents Nov 20, 2009
The median compensation of private university presidents increased 5. 5 percent in the 2007-2008 fiscal year, up to $627,750, according to The Chronicle of Higher Educations annual executive compensation survey ... Pay is defined as salaries, fees, bonuses, severance payments and deferred compensation. (Washington University Student Life, MO)
More than $98 billion in improper gov't payments Nov 20, 2009
That included improper payments in the pension and other compensation programs. Social Security Administration: $8. (Yahoo News -- Press Releases)
Fla. unemployment tax on businesses to skyrocket Nov 20, 2009
7:26 P.M. TALLAHASSEE Unemployment compensation taxes paid by Florida businesses will skyrocket next year due to the states high jobless rate that hit 11 percent in September, revenue officials said Wednesday ... Florida is among 33 states that will increase unemployment compensation taxes next year, according the National Association of State Workforce Agencies ... It was triggered when the balance in the states Unemployment Compensation Trust Fund fell below 4 percent of taxable payroll on... (The News-Press -- Business)
LA Church 'agrees abuse pay deal' Nov 19, 2009
More than 500 people allegedly abused by Los Angeles Catholic priests are to receive a record-breaking compensation pay-out, their main lawyer says. The deal, which a judge must approve, is reported to be worth $660m (324m). (Yahoo News -- Catholic Church Abuse Scandal)
State subpoenas assessor's records Nov 19, 2009
On Nov. 24, the county must show cause as to why it did not release documents to the Administration of the Workers Compensation Board related to a claim assessor s employee Kay C. Roach filed ... The Workers Compensation Board is saying, Yes, we have the right to those ... Roach s workers compensation claim alleges Colby was the major source of the creation of a hostile work environment and of claimant s stress. (Coos Bay-North Bend The World, OR)
Show us the money for the first apology Nov 19, 2009
Indigenous Affairs Minister Jenny Macklin had already made it clear that a compensation fund for the stolen generations was not going to be part of the Rudd Government's approach to dealing with these historic wrongs ... The stated intention of taking monetary compensation off the agenda is not only mean-spirited, it ignores the legal reality ... The Bringing Them Home report into the removal of Aboriginal children from their families noted that compensation or reparation had to be part of the... (Sydney Morning Herald -- Opinion)
Council to hear leash law complaints Nov 19, 2009
During the 7 p.m. regular monthly meeting, which was rescheduled from last week, the council also will address issues including changes in a compensation ordinance to allow council members to choose not to be paid for their service, revisions to the pay matrix, appointment of a municipal judge, a contract for installation of Leadington booster station, and the annual Christmas decoration contest ... Following reports by City Administrator John Kennedy, the council will address an ordinance that... (Park Hills Daily Journal, MO)
Employment Slump Pressures Consumer Companies Nov 19, 2009
No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard s" reflect the views of Standard s, which operates separately from and independently of BusinessWeek Online. (BusinessWeek)
Lawmakers leave Patrick, bills waiting Nov 19, 2009
Lawmakers, who ended their formal session for the year just after midnight, also planned to rebuff some of the governor s most controversial budget proposals, including cuts to the Probation Department, the near elimination of extra compensation for police officers who earn college degrees, and a deep cut in the Legislature s own multimillion-dollar account, which critics call a slush fund. Because of its rules, the Legislature will not reconvene until January. (Boston Globe)
City grants police hazardous duty pay increase Nov 19, 2009
Approved changes in a compensation ordinance to allow council members to choose not to be paid for their service. Appointed Sean McCarver to another two-year term as municipal court judge. (Park Hills Daily Journal, MO)
Surplus and capital formation Nov 19, 2009
Land reform took the path of paying financial compensation to landlords, and redistributing the land thus acquired through the market by selling to those who had money to buy ... This was achieved by seizing the landed property of rentiers without compensation, namely confiscating it in the name of the people, followed by a free and egalitarian redistribution to peasants who actually worked on the land, and writing off all outstanding confiscatory mortgages ... In Japan, the conservative path... (Asia Times Online)
Read more... Nov 19, 2009
Of those who had experienced land-taking, only 44 percent were notified in advance, and only 27 percent were consulted about the amount of compensation. Chinas government has shown a tremendous level of progress toward long-term, secure land rights and economic growth. (PNN Online)
County signs firm to work on collections Nov 19, 2009
In instances where a case is disposed of by acquittal or dismissal or the fine, costs and/or fees are discharged through community service, credit for jail time served or the court opts against imposing a fee, MVBA will receive no compensation from the county. The county and district clerk s offices, as well as the justices of the peace and adult probation department will be affected by the commissioners court decision. (Cameron Herald, TX)
Our views: Too sweet a deal (Nov. 19) Nov 19, 2009
Theres no doubt the Platts who stand to profit from future development of the property deserve fair compensation for granting right of way. What they got, though, was the bonus prize. (Florida Today)
California needs $20.7 billion more to balance next budget Nov 19, 2009
They include a $1 billion partial sale of the State Compensation Insurance Fund, now under legal challenge by Insurance Commissioner Steve Poizner. They also include $800 million in transit money that courts said the state could not use for general purposes. (Fresno Bee -- Local)
Business people Nov 19, 2009
By submitting an item, a person represents that he or she is authorized to submit that material to the Daily News, and that the newspaper may use it in any format for any purpose without compensation to the owner. ADVERTISEMENT. (Anchorage Daily News)
Stroup, Rhodes promoted Nov 19, 2009
She has extensive experience in construction contractor accounting, and auditing, where she has handled a variety of issues including taxation, workers compensation, insurance and regulatory requirements. A reception is planned on Nov. 19 to celebrate their promotion to partner. (Park Hills Daily Journal, MO)
Rusal tests Hong Kong's waters Nov 19, 2009
They would not comment on a liability warning issued by the London law firm Dechert, representing Michael Cherney, who is in the UK High Court with a claim against Rusal's controlling shareholder, Oleg Deripaska, for 13% of Rusal's shares, or about $4 billion in compensation, based on contracts and a trust Deripaska had signed in Cherney's favor in 2001. Lawyers in London say that because UK High Court Justice Christopher Clarke has ruled that Cherney's claim has "a reasonable prospect of... (Asia Times Online)
Commentary: Are MMA fights safe and good for Cameron? Nov 19, 2009
Nancy wrote on Nov 18, 2009 2:39 PM:" I think Cory Teel is making a ton of money at the expense of childrens lives. And no the fighters DO NOT get any money not even a portion of the ticket sales I know of 5 fighters who have fought. No one has gotten any compensation. Oh and he doesnt even pay the security or the waiters! he is a joke and when someone gets seriously injured he will be in the clear. Some of the fighters have walked straight in on fight night and said oh Ill fight. WIth no... (Cameron Observer, MO)
NetEase.com Reports Third Quarter 2009 Unaudited Financial Results Nov 19, 2009
NETEASE.COM, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Quarter Ended September 30, June 30, September 30, September 30, 2008 2009 2009 2009 RMB RMB RMB USD (Note 1) Cash flows from operating activities: Net income 313,310,365 468,088,312 393,795,365 57,688,812 Adjustments to reconcile net profit to net cash provided by operating activities: Depreciation and amortization 22,478,837 20,464,224 42,479,635 6,223,028 Share-based compensation cost 16,117,448 8,787,730 6,008,286... (Yahoo! Wire -- Entertainment News)
County budget is flat for 2010 Nov 19, 2009
Although the first draft of the budget does not include raises for county officials or employees, state-mandated increases in payments to the state retirement fund and unemployment compensation fund, along with a small increase in employees health insurance, account for the difference. The county s contribution to the retirement fund was increased from 11 percent [of an employee s salary] to 12 percent, Arkansas County Judge Glenn Sonny Cox told the Justices of the Peace Tuesday. (DeWitt Era-Enterprise, AR)
City budget solutions raise more questions Nov 19, 2009
As it stands now, Lamb said, if an employee goes on workers' compensation, the manager doesn't care. In fact, he has a job opening. (Pittsburgh Post-Gazette, PA)
Recession-Proof Job? Non-Profit CEO Nov 19, 2009
Follow the Money: While Executive Compensation Dropped 9 Percent At For-Profits, Charity CEOs Averaged 6 Percent Boost ... While the recession has noticeably limited the amount of funds donated to charities, Sharyl Attkisson reports the heads of many non-profits have actually received increased compensation ... Executive compensation at non-profits is on the rise. (CBS News -- Evening News)
Loss may curb ASIC ambition Nov 19, 2009
Tel creditors in compensation for the reduction in One ... During its successful civil case against 10 former directors and executives of James Hardie, for example, ASIC needed to prove the Hardie board considered a draft of a 2001 press release from James Hardie that incorrectly claimed that an asbestos victims' compensation fund was fully funded, and it initially struggled to do so. (Sydney Morning Herald -- Business)
Hearing resumes Dec. 1 on Braintree policy urging hiring local workers Nov 19, 2009
Classify employees as employees, rather than independent contractors, and treat them accordingly for purposes of workers compensation insurance coverage, unemployment taxes, Social Security taxes, and income tax withholding. Certify that all employees at the worksite have successfully completed a course in construction safety and health approved by the U. S. Occupational Safety and Health Administration that is at least 10 hours in duration at the time the employee begins work. (Braintree Forum, MA)
High salaries, but low profiles Constitutional officers usually keep low profile, with high pay. Nov 18, 2009
Every constitutional officer receives a majority of his salary from the state Compensation Board, based on the population of their city or county. Localities are allowed to supplement that state salary however they wish. (Fredericksburg.com, VA)
Goldman's Credit Crisis Mea Culpa Nov 18, 2009
As The Wall Street Journal writes, "Goldman has earmarked $16.71 billion for compensation so far this year and repaid in June the $10 billion capital infusion it got from the U.S. government in 2008.". The New York Times is even more blunt in its coverage. (Slate)
The Mao The Merrier Nov 18, 2009
"Your station is committed to operating in the public interest, an objective that cannot be satisfied by accepting for compensation material of such malicious falsity," he wrote. Page. (Investors Business Daily)
Comptroller sees rebound on Wall Street Nov 18, 2009
However, no one can predict the impact of compensation reform, which could restrict cash bonuses. Because of that uncertainty, New York can t rely on tax revenues from Wall Street to save the day. (Buffalo Business First, NY)
CPAs recommend long-term budget fixes Nov 18, 2009
Weigh the cost benefits of allowing private competition with the Bureau of Workers Compensation. Push for changes in state employee contracts on benefit plan contributions. (Columbus Business First, OH)
Vena Resources Clarifies Information on Azulcocha West and Provides Additional Information on the Private Placement Nov 18, 2009
As compensation, Byron Securities received a 1. 5% cash commission and 130,000 broker warrants for the sale of the 2,000,000 units purchased as part of the private placement and a party not related to Byron Securities received $30,000 in cash commissions representing a 5% finder's fee. (CCNMatthews Press Releases)
Editorial: Time for aggressive intervention at SouthField Nov 18, 2009
Members of our congressional delegation showed they recognize the importance of the project when they agreed to lobbied the Navy to donate the 300 acres it still owns rather than seeking compensation for it. It is now evident, however, that they along with leaders on Beacon Hill need to inject themselves much deeper into the process. (Wakefield Daily Item, MA)
History lessons Nov 18, 2009
Other last minute laws included a marine safety bill and a bill giving compensation to Welsh quarrymen, rushed through to gain the support of the three Welsh nationalists in the no-confidence vote. Compulsory seat belts. (BBC News -- UK)
DiNapoli says Wall St. recovery underway Nov 18, 2009
However, no one can predict the impact of compensation reform, which could restrict cash bonuses. Because of that uncertainty, New York can t rely on tax revenues from Wall Street to save the day. (Albany Business Review, NY)
