Severance practices continue to evolve, but not as dramatically as we have seen in previous years. Corporate directors persist in implementing reformations of severance practices, but at this point these changes tend to involve minor tweaks rather than drastic revisions. These reformations take place in a variety of ways: the cash severance amounts are becoming smaller, less equity is being accelerated, and the excise tax gross-up provision is being phased out.
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The bursting Chinese equity bubble sent waves through global financial markets last week. Several tumultuous weeks in China, which included a surprise devaluation of the Yuan amidst slumping equities and economic growth, finally reached a head and wiped out what little gains remained from the highest flying market from the first half of 2015. Markets around the world were battered, and the S&P 500 Index fell into correction territory (down 10% from its peak) for the first time since 2011. Will this affect the Federal Reserve’s plans to raise interest rates in 2015?
China had its own version of “Black Monday” on August 24 when its stocks tumbled 8.5%. This was followed by another down day with a 7.6% decline. This has brought down the previously high-flying Shanghai Composite index to a -8.3% loss year-to-date, which is an astonishing figure.
Leads by Example. Loyal to Employees. Friendly. Combined, these three characteristics of a great supervisor help create workplace climate. When employees talk about loving to work for a great company, they are really describing that they love working in a great work climate. That work climate is created, intentionally or unintentionally, by people -- by supervisors. As we look closer at each of these characteristics, reflect back on your own work climate experiences. Better yet, examine the one you are creating or experiencing right now.
Insuring punitive damages has been a “dicey” question for the insurance market for years, since the modification of social opinion of judges and juries has made the awarding of punitive damages, in addition to compensatory damages, an enormous threat to the viability of a business or organization found negligent. Review this chart, provided by Jones Walker, regarding the “availability” of punitive damages in different scenarios given recent developments in case law.
Global growth weakness was in the headlines again last week, with the Fed expressing concerns while data from China showed the weakest growth in over six years. Several financial markets have moved sharply lower in August – equities all over the world and commodities especially. Which way will U.S. equities move now that the S&P 500 Index has moved into correction territory?
Claims against public entities typically allege a dangerous or defective property condition exists which led to an injury. Inspections and related corrective actions are critical in preventing injuries before they occur as well as mitigating severity after an injury has been sustained.
An alternative de-risking strategy that avoids some risks is to allocate funds to a long/short equity strategy that is expected to generate comparable market returns over longer periods, while exhibiting less volatility and limiting downside exposure in the event of a market decline.
June 30, 2015, the US Department of Labor issued a proposed change in the salary test related to exemption from the overtime requirements of the Fair Labor Standards Act (FLSA). The new rules will extend overtime pay to nearly 5 million more workers...
Aside from the modern sounding name (à la “smartphone” or “smartTV”) and increased awareness of the strategy, however, what really is smart beta and how useful might it be for investors? To help explain smart beta, we begin with a review of some core concepts in modern portfolio management.