Sunday 2nd January 2011
Dear Reader,
Happy 2011!
NEW ARTICLE
Minimum wage will reduce some incomes
The road to
intervention is paved with unintended consequences. We look at the conflict
between the Minimum Wage and the MPF, resulting in some workers receiving less
take-home pay and others having very little work incentive beyond 178.5 paid
hours per month. We propose adjustments to the MPF threshold and contribution
basis for low-income workers to address this. (2-Jan-2011)
RECENT ARTICLES
Truly pointless bonus issues and splits
Why do boards
propose bonus issues and stock splits? We look at the drawbacks and the false
and misleading reasons often advanced for such actions. If liquidity is really a
concern, then a reduction in board lot size is the simplest and best way to go.
Splits and bonuses are more a sign of desperation than of a sophisticated,
value-focused board.
Pass it on!
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