Administration

D&O and Workers' Compensation Premiums Drop in Q107

April 30, 2007 (PLANSPONSOR.com) - The cost of renewing insurance policies for directors and officers dropped by 7.7% in the last quarter and premiums for workers' compensation fell by a smaller amount (3.8%), according to a survey of corporate risk managers on commercial insurance policies.

Report: Ex-Apple CFO Works Out Backdating Allegations

April 24, 2007 (PLANSPONSOR.com) - Apple Inc.'s former chief financial officer Fred Anderson has settled with the Securities and Exchange Commission (SEC) over allegations he was involved in backdating stock options at the computermaker, according to a news report.

SEC Charges Heinen in Apple Backdating Scheme

April 24, 2007 (PLANSPONSOR.com) - As expected, the Securities and Exchange Commission (SEC) on Tuesday filed charges against two former senior executives of Apple, Inc. in a matter involving improper stock option backdating and simultaneously settled one of the cases.

Nuveen Investments Sweeps Up HydePark Investment Strategies

April 20, 2007 (PLANSPONSOR.com) - Nuveen Investments, which provides investment services to institutional and high-net-worth investors, is acquiring equity investment specialist HydePark Investment Strategies, a firm that specializes in enhanced equity investment management.

ING Employee Accused of Dividend Embezzlement

April 20, 2007 (PLANSPONSOR.com) - A former corporate actions clerk at ING Financial Services was arrested Thursday on federal wire fraud charges for his part in an embezzlement scheme related to client dividend payments that prosecutors charged generated more than $523,000, Reuters reported.

House OKs Bill over Non-Binding Shareholder Vote on Executive Pay

April 20, 2007 (PLANSPONSOR.com) - The U.S. House of Representatives voted on Friday to give shareholders a say in executives' compensation, giving them a way to help keep the pay packages of executives in check and possibly quelling increasing criticism over exorbitant rewards for those in the corporate upper echelons.

CA's Two Big Public Pension Funds Generated $21B in 2006 Economic Activity

April 19, 2007 (PLANSPONSOR.com) - The two largest public pension funds in the U.S. - the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) - are generating a combined $21 billion in economic activity in the state each yea, and last year alone retirement check spending created nearly 139,000 new jobs, a recent report found.