March 12, 1995 |
It never ceases to amaze me that so many people are such ardent believers in the motivational value of money. Perhaps the most credulous of all are newspaper editors and reporters. They will dutifully report any evidence that suggests that Economic Man is alive and well in America--or, to put it more graphically, that any red-blooded American would gladly kill his mother for a quarter.
September 23, 2003 |
A Manhattan bankruptcy judge authorized the committee representing Enron Corp. employees to collect some of an estimated $53 million in accelerated deferred compensation payments set aside for certain executives on the eve of the company's bankruptcy filing, lawyers said. New York U.S.
May 29, 1994 |
You wouldn't know it by looking at the chief executive's base salary, but Fidelity National Financial Inc. placed first among Orange County companies in stock appreciation over a five-year period. The nation's fifth largest title insurance companies, Newport Beach-based Fidelity saw the value of its shares increase more than tenfold. According to its proxy statement to shareholders, $100 invested in Fidelity shares in 1988 was worth $1,388.50 at the end of the company's 1993 fiscal year.
August 10, 1997 |
Q: Before I retired, I was enrolled in a deferred-compensation plan that I now want to begin to tap. Is there some way I can roll this money over into an individual retirement account first? I want to be taxed only on the amounts I actually withdraw over a period of several years. --J.K. A: A deferred-compensation plan is not the same as a tax-deferred retirement or savings account. Once a taxpayer takes possession of the account, the funds are entirely taxable.
September 3, 1997 |
Increases in the pay of the nation's top corporate executives over the last 15 years outpaced the growth of corporate revenues and profits, the Internal Revenue Service said Tuesday. Executive pay in 1995 surged to $307.6 billion, a 182% rise from $108.9 billion recorded in 1980, the IRS said in its report. During that time, corporate revenues rose to $14.6 trillion, a 128% gain from the $6.4 trillion in revenues reported in 1980, the data showed.
CALIFORNIA | LOCAL
January 20, 1995
The time has come for the members of the Orange County Board of Supervisors to slash their own pay and staffs. At a public hearing last week, real people with real pain told the supervisors of their suffering because of the county's bankruptcy. The loss--newly set at $1.69 billion--and the resulting need for county budget cuts that will total at least $170 million within six months have caused more than 100 layoffs of county workers, with hundreds more expected.