Orders for U.S. Capital Goods Fall, Signaling Less Investment
Orders for U.S. non-military capital equipment excluding airplanes dropped in September, indicating gains in business investment will cool. Bookings for such goods, including computers and machinery meant to last at least three years, fell 0.6 percent after a 4.8 percent gain in August that was smaller than previously estimated, figures from Commerce Department showed. Total orders climbed 3.3 percent last month, led by a doubling in aircraft demand. The report raises the risk that business investment, which contributed to the rebound from the worst recession since the 1930s, will decelerate in coming months, underscoring Federal Reserve Chairman Ben S. Bernanke’s concern that growth is too slow. For more from Bloomberg on orders for capital goods, please click here.
Does it Matter How Much the CEO of a European Bank Gets Paid?
Why are European bankers – and Standard Chartered’s Peter Sands – paid so comparatively little? Top-performing banks do tend to pay more than others, as you’d expect. And a new study points out that chief executives have shared shareholders’ pain – their compensation fell by similar amount to investors’ losses in 2008, and rose in 2009. This is just part of a new report on the governance, remuneration, risk and performance of Europe’s top 25 banks. For more from Financial News about the report, please click here.
15 Highest-Paid Charity CEOs
Singling out CEOs for their salary is not just limit to profit-making organization. A new list includes the top 15 CEO salaries in the charity world, excluding degree-granting colleges and universities. Inclusion on this list is by no means an indication of an inefficiently-run organization, but it does highlight how different organizations value the position at the top of the organizational hierarchy. To find out more from The Street about the top paid CEOs in the charity world, please click here.