Tag Archives: big business

Are you worth more dead than alive to your company?

Does your company invest in “dead peasant” life insurance?

Buying life insurance for top executives — key man policies — is standard practice in Big Business. But some companies also purchase life insurance on blue collar workers — sometimes without the workers knowledge.

“Since gaining popularity in the 1980s, companies have been taking out Corporate Owned Life Insurance policies on employees and listing themselves as the beneficiary. Many workers go about their workday with no clue that such policies exist and that their company has placed a bet on their timely (at least from an actuarial standpoint) death,” Joe Mont writes in a piece for The Street, a financial media website.

Talk about creepy. Here’s the full story. Very interesting reading.

The Street: Why Your Company May Want You Dead

 

 

Corporate America’s big mistake — runaway CEO pay

A new study shows that CEO compensation at top companies in America is soaring — a stark contrast with the stagnant salaries of many rank and file employees across the country.PAULSON+MONEY.jpg

And very interesting in light of the huge profits that Big Business raked in last year.

The median salary for the top executives at the companies surveyed rose 12 percent in 2010 to $9.6 million, according to the study commissioned by the New York Times.

Continue reading

Credit crunch may be easing

Several reports in the last few weeks indicate the credit crunch may be easing. Banks may be making loans again after too many months of sitting on their vaults.

For way too long creditworthy small businesses have had a difficult time getting the financing they need to grow and create jobs.

If reports of an easing credit crunch are true, it’s about time. Now, if we can convice the big business to start spending some of the record profits they’ve been hoarding, we might see a real dent in the jobless rate.

WSJ’s Marketbeat blog: Shocker!: Banks are starting to lend again