Archive for the ‘Business Stories’ Category
Ford To Issue Profit Sharing Bonuses
Ford has just finished one of their most profitable years ever and wants to reward employees for this incredible accomplishment. UAW workers can expect to receive profit sharing bonuses this year that will likely be the largest in the last decade. White collar workers on the other hand are not going to receive salary increases [...]
In: Business Stories · Tagged with: Accomplishment, Counterparts, Ford, Last Decade, Profit Sharing, Salaries, Salary Increases, Salary Information, Uaw Workers, White Collar Workers
Andrew Biggs on States Underfunded Pension Funds
Andrew Biggs (a former Social Security analyst and Assistant Director of the Cato Institute’s Project on Social Security Choice) offers his perspective on the serious problem of States with underfunded pension funds. The problem is one of solvency in which liabilities exceed the states assets. He has proposed that states change the way they report [...]
In: Business Stories · Tagged with: Accounting, Andrew Biggs, Assets, Assistant Director, Bond Offerings, Cato Institute, Hook, Liabilities, Market Valuation, Pension Funds, Pensions, Perspective, Salary Information, Shortfall, Social Security, Social Security Analyst, Solvency, Taxpayers, Unfunded Liability, Valuation Rules
Should Companies Profit When Employees Die?
Some companies have found a very creepy way to increase their bottom line. They are buying life insurance policies for employees in which the company and not the family receives the tax free payout in the event of the employees death. Millions of American workers have no knowledge that these policies have been taken out [...]
In: Business Stories · Tagged with: Amp, Awkward Nature, Bottom Line, Buying Life Insurance, Crazy Twist, Dow Chemical, Financial Benefit, Insurance, Janitor, Life Insurance Policies, Life Insurance Policy, Life Policies, Likelihood, Loophole, Peasant, Salary Information, Walmart, Whole Life
