Had the airline been more precise with its employees and stated that it regarded the stock option as a different form of paycheck, perhaps my friend wouldn’t feel so resentful. The airline overstated the scope of the partnership and inflated employees’ expectations. A similar proposal may backfire in the future. The next time the labor [...]
For investors tired of watching mutual fund managers make lousy decisions and underperform the market, mutual fund families invented the index fund. The manager of the index fund buys and holds the stocks in the market index. Index funds return exactly what the market returns. Index funds have become extremely popular in the last decade. [...]
Democrats and Republicans have settled in the U.S. Congress on a 700 billion euro package for heavy rescue ailing financial institutions agreed. The Democratic chairman of the Senate Banking Committee, Chris Dodd, said on Thursday after two talks: “We are very confident that we can act expeditiously.” Republican Senator Bob Bennett said: “I expect now [...]