“Executives at Britain’s top companies saw their basic salaries leap 10% last year, despite the onset of the worst global recession in decades, in which their companies lost almost a third of their value amid a record decline in the FTSE. The Guardian’s annual survey of boardroom pay reveals that the full- and part-time directors of the FTSE 100, the premier league of British business, shared between them more than £1bn.”
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Daily Archives: September 13, 2009
New on LLRX.com: Legal Implications of Cloud Computing – Part One (the Basics and Framing the Issues)
Legal Implications of Cloud Computing – Part One (the Basics and Framing the Issues) – Attorney David Navetta contends that there there will be significant financial pressure on organizations to take advantage of the pricing and efficiency of cloud computing, and if attorneys fail to understand the issues ahead of time there is a serious… Continue Reading
New on LLRX.com – Are Law Firms Ready for Transparency?
Are Law Firms Ready for Transparency? Attorney and KM expert V. Mary Abraham provides details on how one law firm has found a way to create real transparency in its dealings with clients via an extranet, and whether this process may start a trend. Continue Reading
Boston City Employees Routinely Deleted Most Emails – Public Records Violation
Boston.com: “Mayor Thomas M. Meninos administration, prompted by public records requests from the Globe, has acknowledged that city employees were routinely deleting e-mails, a potential violation of the state public records law. The acknowledgement came after the Globe filed several requests for e-mails sent and received by Meninos Cabinet chief of policy and planning, Michael… Continue Reading
Senators Lieberman, Collins Point to Cybercrime Epidemic
News release: “Homeland Security and Governmental Affairs Committee Chairman Joe Lieberman, ID-Conn., and Ranking Member Susan Collins, R-Me., Sunday said the latest trend in cybercrime is directed at small to medium sized companies that have been robbed of both data and dollars…The thieves steal in amounts under $10,000 to avoid triggering a bank report required… Continue Reading
Federal Agencies Release Draft Reports Required by Chesapeake Bay Executive Order
News release: “Federal agencies today released the seven draft reports required by President Obamas executive order on the Chesapeake Bay, which contain a range of proposed strategies for accelerating cleanup of the nations largest estuary and its vast watershed. The draft reports collectively call for increased accountability and performance from pollution control, habitat protection and… Continue Reading
EPA Releases Preliminary Results for Surface Coal Mining Permit Reviews
News release: “The U.S. Environmental Protection Agency announced that it has identified 79 proposed surface coal-mining projects in Appalachian states for further, detailed reviews of their pending permits. The extended reviews will be carried out under an enhanced coordination process between EPA and the Army Corps of Engineers developed under an interagency Memorandum of Understanding… Continue Reading
Failed Mathematical and Economic Models Focus of Wall Street Meltdown
New York Times: Wall Streets Math Wizards Forgot a Few Variables: “But the real failure, according to finance experts and economists, was in the quants mathematical models of risk that suggested the arcane stuff was safe. The risk models proved myopic, they say, because they were too simple-minded. They focused mainly on figures like the… Continue Reading
Troubled Assets Relief Program – Monthly Progress Report August 2009
Troubled Assets Relief Program – Monthly Progress Report August 2009, released September 10, 2009: “The Troubled Assets Relief Program or TARP was established pursuant to the Emergency Economic Stabilization Act of 2008 or EESA. This law was adopted on October 3, 2008 in response to the severe financial crisis facing our country. To carry… Continue Reading
Council of Economic Advisors: Economic Impact of American Recovery Act
Council of Economic Advisors: Economic Impact of American Recovery and Reinvestment Act of 2009 – First Quarterly Report, September 10, 2009. “Among the key finding of the study are: As of the end of August, $151.4 billion of the original $787 billion has been outlaid or has gone to American taxpayers and businesses in the… Continue Reading
