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Career and Work

Ten Things You Should Do When You Get Laid Off

by Luke Landes

Overall, the worst of the economic recession may be over in terms of unemployment. If it isn’t, or even if it is, many companies are still struggling as they find ways to cut costs. The next expense that might be cut could be your job. If you receive the pink slip after missing the signs ... Continue reading this article…

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Citigroup Employees to Receive 50% Pay Raise

by Luke Landes

After receive bailouts from the government on two separate occasions, Citigroup has announced that it will be increasing its expense for the salaries of the company’s rank-and-file employees, not upper management, by 50 percent. This will be a nice benefit, designed to compensate employees for smaller bonuses and raises last year. The government’s new “pay ... Continue reading this article…

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British Airways Wants Staff to Work for Free

by Luke Landes
British Airways

Would you work for free? I used to work for a non-profit organization whose business model was not exactly built around the concept of making money. Before I joined the organization, there were times of low or negative cash flow during which the staff were asked to accept a delay in paychecks for a month ... Continue reading this article…

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Five Jobs For People Who Like Money and Five Jobs For People Who Don’t

by Luke Landes

There are many people who believe that the when choosing a career path and life direction, one should steer towards the highest paying career for which they could possibly qualify after several years of education, training, and 80-hour work weeks. To demonstrate, there is never a shortage of investment bankers looking for work. I have ... Continue reading this article…

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Smithee’s Best Advice for Graduating Seniors

by Smithee

I’m not a financial planner, adviser, guru or anything of the sort. The reason I’m writing here today is because I screwed up big time. Fortunately for you, I think I’ve figured out where the mistake began. Recently I’ve been taking an informal poll of some of the people I would consider to be relatively ... Continue reading this article…

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Resume Dos and Don’ts (Plus Resume Makeovers)

by Luke Landes

This is a guest article by Ginger from Girls Just Wanna Have Funds. Ginger teaches women how to break financial ceilings one stiletto at a time! Join the social network, Girls Just Wanna Have Funds on Ning to connect with other financially savvy women. This week I’ve been helping out my company’s HR department by ... Continue reading this article…

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Why I Am Not Blogging Full Time

by Luke Landes

I do not normally write about blogging here. For me, writing about blogging is like singing a song about the songs one sings rather than singing a song about something inspiring in itself. Nevertheless, this is a blog in which I write about my experiences with money, and blogging has played an increasing role in ... Continue reading this article…

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The Recession Finally Hits My House

by Smithee

I work for a small Interactive Agency of twenty-four people. This is a company that managed to survive the dot-com bust and, like any company, has good times and bad times. Our president always makes every effort to keep great people, even if it means cutting her own salary. I consider myself lucky to have ... Continue reading this article…

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Salary Flat? Washington Post Wants to Hear From You

by Luke Landes

A reporter from the Washington Post is looking to hear from Consumerism Commentary readers who are coping with wage deceleration or stagnation. If you have had to make changes to your lifestyle due to wages or salaries that haven’t been rising as quickly as expenses, you are a perfect candidate for this article in progress. ... Continue reading this article…

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How to Deal With a Low Salary Offer

by Luke Landes

In my life so far, I’ve had three major chances to negotiate a starting salary. The first was with a cash-strapped non-profit organization that had enough problems keeping its payroll account funded every other week. The second was with a company in the financial industry, a segment of that industry that is known for being ... Continue reading this article…

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AIG Still Planning Massive Bonuses Today

by Luke Landes

Today is the deadline for American International Group (AIG) to pay $165 million in the form of bonuses to executives involved in businesses that led to collapse of the company — and the broader economy — last year. The company argues that these bonus payments were agreed to before the company required support from the ... Continue reading this article…

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Company-Wide Stock Bonus Vesting Next Week

by Luke Landes

In March 2006, my company rewarded its employees for achieving an enterprise financial milestone by offering a company stock bonus, designed to vest on March 14, 2009. The vesting period was perhaps designed to create an incentive for employees to stay with the company. When the bonus was announced, the stock grant was worth about ... Continue reading this article…

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Is it Effective to Limit CEO Compensation?

by Luke Landes

Let’s say you are the chief executive officer of a formerly strong financial company. Either your company has faltered under your leadership or you’ve managed to steer clear of toxic assets but the slumping economy has affected you. Or perhaps you are newly hired, brought in to oversee a struggling shell of a company as ... Continue reading this article…

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Unemployment Checks at an All-Time High, Dilbert Unemployed

by Luke Landes

As the economy continues to trudge along, more people are submitting claims for unemployment benefits. In the week ending January 17, more than 4,776,000 Americans received checks from the government to cover job loss, an increase of 61 percent over the same week last year. This number includes 588,000 individuals who filed for unemployment for the ... Continue reading this article…

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Keep Your Job Amidst Layoffs

by Luke Landes

Despite the fact that my company is squarely within the financial sector, we have so far been immune to massive layoffs taking place around the country, particularly in this industry. While I have something to “fall back” on — and actually, in terms of pure numbers, I could probably do better by leaving my day ... Continue reading this article…

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Goldman Sachs and UBS Executives Will Forgo Bonuses

by Luke Landes

One of my concerns about the original bailout bill was that the money paid to financial institutions would be used to pay for outsized executive bonuses. While companies must offer outrageous compensation to attract and keep the best executive talent, the market place has forced the price upwards. That worked well when the financial industry ... Continue reading this article…

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Why Put Your Money in an Investment Earning 0%?

by Luke Landes

Yesterday I mentioned that the U.S. Treasury was able to raise $40 billion in a one-day auction of 35-day Treasury bills. When you bid for these investments, you could either compete with others by offering to invest at the lowest interest rate you’re willing to accept or bid “non-competitively,” accepting whatever the Treasury Department determines ... Continue reading this article…

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Choosing Your Major and Your Career For Earning Potential

by Luke Landes

If your goal in life is to earn as much money as possible, then you need to determine before you graduate high school what high-earning career path is best for you. You’ll need to weigh your skills and aptitude to decide the collegiate degree that provides you the best chance for professional success as well ... Continue reading this article…

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How to Deal With Unpredictable Income

by Luke Landes

One of my concerns with the possibility of leaving my day job and pursuing self-employment through writing and managing websites is the unpredictable income. At the extreme, my biggest concern is the idea that it’s quite possible that the income could drop off permanently due to forces beyond my control. But even if that doesn’t ... Continue reading this article…

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Twitter Poll: Do You Work in the Same Field as Your Degree?

by Luke Landes

While I haven’t decided whether I’m making a habit of this, earlier today I asked Twitter users whether their current job is related to the field in which they earned a bachelor’s degree. The unique thing about Twitter is that responses are limited to 140 letters and spaces, so it’s a challenge to condense a ... Continue reading this article…

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