Archive for August, 2009

One-Quarter of Workers Plan to Ask for a Raise When the Economy Improves

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Published in World at Work August 31, 2009

Just more than one-quarter (28%) of surveyed workers said they plan to ask for a raise after the economy improves, according to a new survey

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Filed under: Newsfeeds



Looking for CEO’s in All the Wrong Places

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Expert Perspective by Grahall’s OmniMedia Editorial Board

expert perspective telescopeThe August 20, 2009 article by Reuter’s journalist Lilla Zill (“AIG chief’s salary structured to reflect risk“) says “AIG, the bailed out insurer whose pay practices sparked outrage earlier this year … said it will pay Benmosche, who became CEO on August 10, a salary of $3 million in cash and $4 million in fully vested stock. He also could receive a bonus valued as high as $3.5 million.”

We wonder what the message is when the government’s pay czar approves such a package.
Continue reading “Looking for CEO’s in All the Wrong Places” »

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We Wish We Were WRONG

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Expert Perspective by Grahall’s Robert Cirkiel

expert perspective telescopeAn August 28, 2009 article by Reuters journalist Maggie Fox (WHO Warns of Severe Form of Swine Flu) shares that “Doctors are reporting a severe form of swine flu that goes straight to the lungs, causing severe illness in otherwise healthy young people…”.

Grahall could be gloating.  We predicted way ahead of the “experts” that H1N1 was trending badly (see H1N1 (Swine Flu) Update #4 ) and that it was affecting young adults more than children and the elderly, and that its virulence was its attack on the lungs (see Swine Flu Update #6 .)

However we are not gloating; in fact, we would have preferred to be wrong.

Now, let’s take a look at the cost impact on employers. 
Continue reading “We Wish We Were WRONG” »

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The Numbers Game

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Expert Perspective by Grahall’s OmniMedia Editorial Board

expert perspective telescopeBrandon Clay is right when he suggests in his August 19, 2009 article for Seeking Alpha (“CEO Compensation: Most Overpaid?”) that to inquire about how much one makes is “… one of those taboo questions that usually goes unasked …[but] CEOs don’t always enjoy such luxuries.” He then shares the list from CNNMoney of the “Top 10 Executive Earners in Corporate America”.  Clay ends his piece with the provocative statement: “I’ll let you decide if these guys were overcompensated for their company’s performance.”

According to the CNNMoney list, Stephen Schwartzman’s “compensation” from Blackstone exceeds $700 million for 2008.  Based on this list topping amount, one might almost feel a tad sorry for Michael Jeffries at Abercrombie, who made a mere $71 million.  But few of us “average Americans” feel sorry for any of these guys. We’re more likely to feel outrage over these amounts – particularly where their companies are losing money.

But it’s more complicated than that.
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Don’t Miss this Opportunity

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As early signs of recovery appear on the horizon, many of our clients are beginning to “re-think” their rewards programs.  Recognizing this, Grahall has initiated a groundbreaking Total Rewards Research Study.  We invite you to participate. And if you do so, you will receive the summarized results for free. 
Continue reading “Don’t Miss this Opportunity” »

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Cut my pay … please!

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Published in CNNMoney August 31, 2009 by Jessica Dickler, CNNMoney.com staff writer

As the number of layoffs mount, more workers are ready and willing to take significant pay cuts to find employment. Finding work in this recession takes determination, perseverance and, most of all, sacrifice.

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Filed under: Newsfeeds



SEC Warns Brokerage CEOs on Pay

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Published in The Wall Street Journal August 31, 2009 by Sarah Lynch

The head of the Securities and Exchange Commission on Monday sent a letter to chief executives at brokerage firms warning them against offering certain compensation arrangements that may leave customers at risk.

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Obama’s “pay czar” no stranger to big paychecks

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Published in Reuters August 28, 2009 by Karey Wutkowski and Steve Eder

 The “pay czar” tasked by the U.S. government with ruling on the eye-popping compensation of some of Wall Street’s top earners is far from a stranger to big paychecks and the trappings of wealth.

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Filed under: Newsfeeds



Banks add “pay czar clause” to contracts

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Published in Reuters August 28, 2009 by Steve Eder

Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) and AIG (AIG.N: Quote, Profile, Research, Stock Buzz) are forging new employment contracts that let them void compensation agreements if they are challenged by the U.S. government, according to a person familiar with some recent contracts.

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Filed under: Newsfeeds



Employees Believe Productivity Negatively Impacted by Layoffs

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Published by World at Work August 27, 2009

Nearly half (40%) of employees whose workplace experienced layoffs in the past year feel that the overall productivity of their organization has been negatively impact, according to a survey commissioned by The Workforce Institute.

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Filed under: Newsfeeds