Russell Crawford, the former owner of Valley Building Materials in Canoga Park, was ordered to spend six months in jail plus 10 months of home confinement for embezzling more than $700,000 from employee pension plans. Following a joint investigation by the U.S. Department of Labor and the FBI, Crawford reportedly admitted draining the company’s profit […]
Amazon.com updates its list of the bestselling books every hour. Here is a snapshot of what is hot right now, this Monday morning, December 14, in the “Business Life” section of the “Business and Investing” category. 1. StrengthsFinder 2.0: A New and Upgraded Edition of the Online Test from Gallup’s Now, Discover Your Strengths by […]
Last week, the proposed regulations to implement A.B. 1825 went through yet another round of modifications.
Under California wage and hour law, computer software professionals can qualify for overtime exemption if they meet certain duties requirements and are paid a specified hourly rate, set annually based on inflation rates by the state Department of Industrial Relations. On Jan. 1, 2007, the minimum hourly rate for exempt computer software professionals will be […]
By BLR Founder and CEO Bob Brady When BLR’s CEO came out against proposed laws making salaries public after the recent U.S. Supreme Court case on the matter, readers reacted strongly … in both directions. Recently, I used this space to agree with a U.S. Supreme Court decision that discrimination in pay cases cannot be […]
While most U.S. retirement plan participants age 60 or older move their assets out of employer plans within five years of leaving a company, they often don’t touch the funds for years after that, a new report by money manager Vanguard found. As a result, Vanguard suggests to plan sponsors, this tendency of older terminated […]
As the first Monday in October rolled around last week, the U.S. Supreme Court was back on the bench, with new chief justice John G. Roberts.
Congressional aides from both chambers of Congress and both parties said they do not expect immediate action on changing health care reform’s 30-hour a week definition of a full-time workers, or on banning “skinny” health plans that do not cover major categories of health benefits. The staffers predicted that even if enrollment is lower than […]
The controversy over the use of mandatory arbitration for employment disputes continues as federal and state courts send contradictory signals to employers. While the California Supreme Court recently OK’d the use of mandatory arbitration, the federal Ninth Circuit Court of Appeals has said that for some types of claims, such as age or race bias, […]