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Would you hire an employee who demanded a salary higher than your CEO's salary? What if that was 70 percent more? Smartsheet did just that when it poached Gene Farrell from Amazon--and had to fight a legal battle over a noncompete to do it--and now pays him $2.7 million, compared with the CEO's minuscule salary of $1.9 million. This is not terribly usual outside of entertainment, but...
'Last September, Christian Haigh learned he was one of the 143 million people in the U.S. whose information was hacked in the Equifax breach. As you might recall, Equifax issued an apology that was almost laughable. Lawyers started class-action lawsuits. But Haigh, who is...
Over the decades he spent in law enforcement, Frank Muscato talked to lots of his fellow cops about starting a business. Escaping into entrepreneurship is a common daydream in the profession, he says, when "the things that happen to you and the things that you see catch up to you." Still...
Unions at South Korea's two-largest automakers, Hyundai Motor Co. and Kia Motors Corp., have blasted plans to revise a free trade deal with the United States, saying the amended deal will prevent local automakers from entering the fast-growing U.S. pick-up truck market. "It is a humiliating deal that...
China said Sunday that it would not initiate a trade war with the United States, but vowed to defend its national interests in the face of growing American protectionism. "There are no winners in a trade war, and...
With President Donald Trump announcing he will implement new tariffs on steel an aluminum next week, U.S. manufacturing business leaders-particularly those that use a lot of metal-are speaking out against the move. The 25% tariff on steel imports and 10% tariff on aluminum imports will hit certain manufacturing sectors hard, and the news sent automaker stocks tumbling Thursday afternoon. But...
With President Donald Trump announcing that he will sign an order next week imposing a 25% tariff on steel imports and a 10% tariff on imported aluminum, U.S. manufacturers are contemplating how it could impact their materials sourcing and supply chains. Secretary of Commerce Wilber Ross told CNBC in late-February that...
According to a new research report from the National Institute on Retirement Security, two-thirds of working Millennials have nothing saved for retirement. These are some of the surprising, new statistics about Millennials and their retirement. Here's what you need to know...
While the majority of industry experts expect the DOL to create a new overtime rule that sets the salary threshold somewhere in the $33K ballpark, there's at least one person who sees a scenario where employers will have to comply with the originally proposed $47K threshold. And there's good reason to take what she says very seriously. That's because...
A recent lawsuit taught managers what not to say as the EEOC showed, once again, that a small comment can end up costing an employer big. Diverse Lynx, an IT staffing firm in Princeton, NJ, was slapped with an age discrimination suit after rejecting a older applicant. 'Age will matter'. According to the EEOC...
With the end of the year looming, the window is quickly closing for taxpayers who want to minimize the taxes they will pay next spring. What's more, for those trying to make year-end adjustments to their income and deductions, a tax reform bill being discussed in the District of Columbia has created uncertainty. Although...
How much is March Madness costing your company? Numerous studies have looked into the issue of employees who are slacking because they are distracted by the NCAA Division 1 Men's basketball tournament. There is no definitive answer. This year...
Once 2018 began, it became the single biggest question the wider public wanted to know: How did large U.S. corporations plan to spend the windfall bestowed on them by the Tax Cuts and Jobs Act? Two months and about 90 company announcements in, the discussion hasn't died down. Indeed...
The finance workforce of the future is going to look very different. That's the conclusion of the annual Morgan Stanley/Oliver Wyman blue paper on wholesale banks and asset managers, published Wednesday. The report highlights intensifying cost pressures on asset managers, which will in turn translate into added cost pressures for the wholesale banks that serve them. And that dynamic is going to have significant repercussions for those employed in the finance industry. The report said...
The IT budget says a lot about its owners: whether executives have a roadmap for the future and whether they're willing to pay for it, whether company leaders value innovation or whether they still see technology as only a behind-the-scenes function. So what then...
At the end of 2017, Congress drastically changed IRS tax law by enacting the Tax Cuts and Jobs Act of 2017. This webinar will outline the most significant changes in the 1,100-page Act that will impact your 2018 tax planning, activities and tax liability. This novel course is designed for the non-financial business professionals or business owners who must understand the basics of the new tax law...
You know all about the costs associated with hiring new blood in the Finance department, but the real cash drain takes place when you hire the wrong person. In fact, it costs employers an additional $14,900 for every bad hire made last year. That's the new estimate from the folks at CareerBuilder. Even more troubling...
On December 22, President Donald Trump signed into law The Tax Cuts and Jobs Act before heading off to Mar-a-Lago in Florida for the Christmas break. As National Public Radio host Ray Suarez pointed out on All Things Considered last month, Republicans predict the new tax law will create lots of jobs, but...
The Bureau of Labor Statistics reports that today's mobile workforce is changing jobs nearly a dozen times. For 35- to 44-year-olds, a little over a third take jobs that last less than a year. It doesn't allow for a lot of time to sock away money in a 401(k) account and as a result, many workers are cashing out what little they have. It's a serious problem because too often people don't realize...