Archive for the ‘Business Stories’ Category
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
Worker Cooperatives Share The Wealth
The idea of sharing the profits of a company equally among its workers may seem like a radical idea in a country based on the capitalist inverted triangle of profit distribution. Conversely, all of the employees in a cooperative business have equal value and tend to be happier and more productive since they are all […]
In: Business Stories · Tagged with: 19th Century England, Artisans, Average Salary, Business Decisions, Cooperative Business, Corporate Model, Equal Share, Petaluma California, Plight, Principals, Profit Distribution, Quality Of Life, Radical Idea, Salaries, Salary Information, Skilled Workers, Spokes, Stake, Street Bakery, Worker Cooperatives
