No Irish Spring: Emerald Isle as Credit Crunch Microcosm (via The Big Picture)
Unemployment is now 13 percent in Ireland; it would be higher if 5 percent of the working-age population (principally the young and well-qualified) had not emigrated over the last two years.
Frankly, I don’t know where to begin. There’s just so much to say. It’s like a cornucopia of… well, lots of stuff to say. Bankers everywhere must be walking in circles, muttering to themselves, perhaps breaking out in hives.
(Foreclosure Blues is just the best site for foreclosure news – If you want the best coverage of the foreclosure crisis, there’s no better place.)
Wall Street Cash Bonuses Fell in 2010; Average $128,530 (via Business Ethics, The Magazine of Corporate Responsibility)
Cash bonuses paid to New York City securities industry employees declined by nearly 8 percent to $20.8 billion in 2010, as Wall Street firms shifted toward more deferred compensation and higher base salaries, according to an estimate released by New York State Comptroller Thomas P. DiNapoli.
For the average Wall Street worker, however, that still translated into a 2010 cash bonus of $128,530, according to DiNapoli’s estimate. And although cash bonuses were down, it’s estimated that total compensation on Wall Street rose 6 percent last year, DiNapoli said.
Democracy in the Workplace (via Richard D. Wolff)
Wolff has some very interesting idea and some sharp commentary.
Mostly, I publish because the information is useful to me. This blog is a personal knowledge management tool. It’s all about trying to capture information that interest me and has relevance to my day-to-day work. I find that writing my thoughts adds some clarity to my thinking. By putting all of that information into the blog, it’s in a place where it is easy to find.
I promise you when I am tired – when my allergies are bothering me or just feeling a little out of it, I wonder why I blog. Compliance Building has a good handle on why it is important.
Categories: business ethics