For every corporate accounting scandal, overpaid CEO or episode of imprudent risk taking, there’s usually one common denominator _ a board of directors who signed off on it. And while corporate boards, many of them dominated by retirees, have not had the kind of negative attention reserved these days for the Wall Street set, a new report highlights a number of questionable practices going on in America’s boardrooms that are not in shareholders’ best interests.
Archive for February 23rd, 2010
Newsfeeds
Wall Street Bonuses Get 17% Bounce
Published in The Wall Street Journal February 23, 2010by Gina Chon
As financial firms rebounded last year, Wall Street bonuses for employees in the New York City securities industry rose almost 17% to $20.3 billion in 2009, according to a report released Tuesday by the New York State comptroller. That is compared to $17.4 billion paid in bonuses in 2008 after a record $42.6 billion loss in the securities industry. The 2008 figure reflected a 47% drop from what was paid in 2007, when securities industry employees received $32.9 billion.
Newsfeeds
Prudential Introduces Robust Nonqualified Plan Offering to Enhance Total Retirement Solutions Experience for Plan Sponsors and Participants
Published in Market Watch February 23, 2010
Prudential Retirement announced today that its Total Retirement Solutions (TRS) offering has been enhanced to include a new non-qualified product that provides a wide variety of benefits for retirement-plan sponsors and their participants.