Tagged: pensions

G-20 nations pledge to deal with debt

The Group of 20 industrialized nations wrapped up their meeting in Toronto promising to have their government deficits by 2013 and “stabilize” debt loads by 2016, signaling to domestic political audiences and international markets that they’re serious about reducing stimulus spending.  But economics Professor Laurence Kotlikoff, author of “Jimmy Stewart is Dead” about the future […]

California sues State Street

Boston-based State Street Corporation has been sued by the California attorney general for “unconscionable fraud” against that state’s largest public-worker pension funds.  Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says the big questions are how will State Street act in the […]

Improving consumer financial literacy

Congress holds a hearing today on improving consumer financial literacy under the new regulatory system.  School of Management Professor Zvi Bodie, a widely recognized authority on personal finance, recommends in a Washington Post commentary some concrete steps to improve consumer financial literacy and suggests a new standard of prudence for investment advisors. “Instead of focusing on […]

Insurance policies fund executive pay

Reports are surfacing that big banks are using life-insurance policies to help pay bonuses, pensions, and deferred compensation owed to their executives – with the banks as the beneficiaries.  While not illegal, critics complain that the banks get tax breaks for funding such quasi-pensions, then profit when the executives die.  School of Management Professor Fred Foulkes, director […]

Financial crisis

The following Boston University professors are available to comment on the various aspects of the financial crisis: School of Management Professor Mark Williams, an expert on risk management and former Federal Reserve Bank examiner who teaches in the school’s Finance Department.  School of Management Professor James Post, an expert on corporate governance and business ethics. […]