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Compass Bank Online - A Review of Compass and Their Features
Compass bank online is a place many people choose to do their banking needs, as it's a highly respected bank that offers exceptional internet banking as well.
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11 More Secrets to Financial Advisor Success
The following is the third article in a series of three on how to achieve success as a Financial Advisor.
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File Bankruptcy in PA
When you file bankruptcy in PA you need to think about choosing between a Chapter 7 and Chapter 13 type of bankruptcy. You might be wondering, what is the difference between these two chapters? Most people say that bankruptcy is just a privilege that can get you out of debt. Wrong! You need to understand that when you decide to file bankruptcy in PA it is a point of no return. Bankruptcy can erase some of your debts but not all of it. The other things you have to consider are the effects after filing bankruptcy.  It becomes a huge red mark on your credit report that can last for many years and second is getting a new line of credit.  Other reasons can bring a negative effect on your future employment. Decide first if you really need to file bankruptcy, because if not there are other ways to solve your debt.
Investing

Chief Excessive Officer

Why do executives get paid millions of dollars a year to run a company into the ground? Why do these same executives earn hundreds of millions of dollars in bonuses, stock options and golden parachutes after driving these companies into bankruptcy? I was watching CNBC the other day and saw an alarming statistic. The average CEO’s salary is more than 435 times the average worker’s salary. That is unbelievable. I am an advocate of the whole pay for performance philosophy. But not when CEO’s like Richard Fuld of Lehman Brothers, James Cayne of Bear Stearns, Kerry Killinger of Washington Mutual, Martin Sullivan of AIG, Daniel Mudd of Fannie Mae and Richard Syron of Freddie Mac were paid hundreds of millions of dollars in salary and bonus packages to drive their companies into Chapter 11 bankruptcy. Why is it that when a company falls into financial trouble the employees are always the ones who have to suffer the losses? The latest example of poor management can be found in the US auto industry. Richard Wagoner of GM, Robert Nardelli of Chrysler and Alan Mulally of Ford have been paid millions of dollars to fix the three largest domestic auto manufacturers. They have failed miserably. Their companies are on the verge of going out of business. So you would think they would be willing to take a cut in compensation? Of course not. A CEO would rather lay off 30,000 employees then eliminate his own bonus. The management of GM, Ford and Chrysler have mismanaged the auto companies and are now seeking 25 billion dollars to stay afloat. I think that if Congress does give the auto manufacturers federal assistance that they will keep doing business as usual. This means laying off a significant number of employees in 2009 while management takes no reduction in compensation. Don’t get me wrong. I think the Federal government should help the auto makers but with some stipulations: (1) management needs to be replaced (2) salaries need to be much more realistic (3) management needs to develop a workable business plan. So what happens to the typical corporate CEO after he is let go from a failing company that he has mismanaged? He is given a signing bonus along with a hefty compensation package at another firm and begins the process all over again.


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