With public heat on bonuses at bailed-out Wall Street banks, Citigroup and Bank of American reportedly may be joining Morgan Stanley in raising base salaries to make up for annual bonus limitations. School of Management Professor Fred Foulkes, director of the Human Resources Policy Institute, can comment on the trend. Contact Fred Foulkes, 617-353-4281, ffoulkes@bu.edu
The FDIC is being lobbied by banking trade groups for permission for banks to be able to bid on the same “toxic” assets that the banks will be putting up for sale in the government’s Public Private Investment program. The Feds haven’t said yet if banks can have it both ways. School of Law Professor Cornelius […]
Digital Sky Technologies, a Russian investment firm, is investing $200 million for a 1.96-percent stake in the social networking site Facebook. School of Management Professor N.Venkat Venkatraman, chairman of the Information Systems Department, says this won’t challenge Microsoft’s investment in Facebook which is more of a strategic partnership. Contact N. Venkat Venkatraman, 617-353-7117, venkat@bu.edu
With bondholder interest too low, GM won’t proceed with the repurchasing of some $27 billiion of notes it sought, meaning it is on the brink of bankruptcy — which should come next week with the U.S. government winding up owning 70 percent of the automaker. School of Management Dean Louis Lataif, a former Ford senior executive, […]
President Obama has nominated Sonia Sotomayor to succeed David Souter on the U.S. Supreme Court. If confirmed by the Senate, she would be the first Hispanic and third woman in history on the high court. School of Law Professor Jack Beermann, a Supreme Court authority, can comment. Contact Jack Beermann, 617-353-2577, beermann@bu.edu
California’s Supreme Court today upheld last November’s state’s Proposition 8 decision by voters that overturned the high court’s earlier ruling legalizing same-sex marriages. School of Law Professor Linda McClain, an authority on family law and policy, can comment on the legal ramifications of today’s decision. “Perhaps this, in combination with the economic problems California faces, may […]
Organizaton of the Petroleum Exporting Countries (OPEC) members meeting in Vienna next week face a dilemma. If they vote to force oil prices up through production cuts, they risk slowing the global economic recovery. But if they don’t cut supply, reserves will overflow worldwide. Mark T. Williams, an energy risk management expert who teaches finance at the […]
With the collapse of Miami-based BankUnited on the heels of failures by IndyMac and Washington Mutual, the federal Office of Thrift Supervision is coming under increased scrutiny for failing to appropriately oversee the nation’s thifts. School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, says the OTS is […]
Speculation is rampant that the U.S. government will force General Moters into bankruptcy as early as next week. This comes as the Obama administration plans to lift Chrysler out of bankruptcy, also as soon as next week. School of Management Dean Louis Lataif, a former Ford senior executive, can offer a big-picture perspective on the […]
President Obama and former Vice President Chaney’s back-to-back speeches on national security highlight the contentious nature of post-9/11, post-Bush national security law. School of Law lecturer Philip O’Neill, Jr., who teaches national security law and is the author of “National Security and the Legal Process,” can put the debate in context. Contact Philip O’Neill, Jr., […]
