Posted on April 16, 2009 by Jordi
Here is a little from a NY Times editorial about the student loan program. Interesting example of how the rules of a particular industry get written. This industry may hit a little closer to home than railroads or shipping.
Private companies that reap undeserved profits from the federal student-loan program are gearing up to kill a White House plan that would get them off the dole and redirect the savings to federal scholarships for the needy. Instead of knuckling under to the powerful lending lobby, as it has so often done in the past, Congress needs to finally put the taxpayers’ interests first.
Filed under: Resource | Tagged: finance, government, higher education, student loans | Leave a comment »
Posted on February 16, 2009 by Jordi
“Retention bonuses” would seem to be bonuses by any other name. Obviously, public and political scrutiny is at super high levels as we reel from the financial crisis.
This little nugget caught my eye about a joint venture between Citigroup and Morgan Stanley:
According to the newspaper [The WSJ], not all of the joint venture’s 20,000 brokers would get retention payments. It said a broker who brought in $1 million in revenue last year might expect to get $500,000 to $1 million, depending on how much he continues to produce.
Filed under: Blog | Tagged: bail out, bonuses, crisis, finance, government, journalism, labor market, recession, Wall Street | 3 Comments »