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By David Freedlander 7/19/12 11:33am

Reports

honor

New Report Names Worst Employers In New York

The Times profiled today a new labor coalition that is working across industries to highlight some of abuses of the lowest paid portion of the labor force, and this morning the group unveiled their first big effort: a new report on the worst companies and executives in New York City.

“This report is designed to call attention to these employers and executives who consistently compromise the livelihood of workers, in the name of profits,” said Camille Rivera, Executive Director of UnitedNY.  “Workers all over the city are fed up, and ready to fight back for the wages, benefits, and respect they deserve. That’s why we’re coming together on July 24, to send a clear message to these employers that all of us – community groups, clergy, labor organizations, and workers play a role in New York’s economic landscape, and we are ready to get our fair share.” Read More

By David Freedlander 2/29/12 9:02am

Reports

USA, New York, Wallstreet, Börse

DiNapoli Forecasts Sharp Decline In Wall Street Bonuses

Bonuses paid to New York City financial employees are expected to decline by 14 percent to $19.7 billion during this year’s bonus season, according to an estimate released today by State Comptroller Tom DiNapoli.

“Cash bonuses were down in 2011, reflecting a difficult year on Wall Street,” DiNapoli said. “Profits were down sharply and securities firms in New York City resumed downsizing in the second half of the year. The securities industry, which is a critical component of the economies of New York City and New York State, faces continued challenges as it works through the fallout from the financial crisis and adjusts to regulatory reforms.” Read More