Two Washington research organizations that often lean in opposing political directions are teaming up to advocate for more generous paid parental leave in the U.S., drafting a bipartisan template for making the policy into law. Both mothers and fathers after the birth or adoption of a child should be entitled to a 70 percent wage-replacement rate up to a cap of $600 per week for eight weeks, and guaranteed job protection during the leave, according to a joint report by the American Enterprise Institute and Brookings Institution. While calling for an independent study to explore the effects of such a policy move, the group proposes a payroll tax on employees and savings in other parts of the U.S. budget could finance the benefits.
– Harvard Business Review
Companies have become much more likely to dismiss their chief executive officers over the last several years because of a scandal or improper conduct by the CEO or other employees – including fraud, bribery, insider trading, inflated resumes, and sexual indiscretions. Larger companies are more at risk than smaller ones, as are companies where the CEO has been in office for a long time, and companies where the CEO is also the board chair.
– The Wall Street Journal
A Labor Department proposal to merge the body that oversees government contractors into the Equal Employment Opportunity Commission, an independent agency that enforces antidiscrimination laws among all employers including those with no government ties is drawing criticism from an unexpected source: Washington’s business lobby.
– Business of Fashion
Convenience was central to the conception of malls. They were first designed as one-stop shops for consumers to buy everything in a single place, but malls are being forced to redouble their efforts to offer more than an opportunity to shop. While the needs around shopping are lessened, consumers’ need for a ‘third place’ is still very real.