His column is entitled, “Is it Time to Police Pay at Wall Street Banks?” It is published at The Biz Coach, http://www.bizcoachinfo.com, “Proven Solutions for Maximum Profits.”
“By regulating Wall Street bankers’ pay, the Fed ostensibly wants to discourage excessive risk-taking of many banks, including their permissive lending by regulating their executives’ pay,” writes Mr. Corbell. “Nearly 6,000 banks would be covered.”
Such practices led to the deepest financial crisis in decades.
“SWAPs and bad bonds victimized investors and the bankers garnered mega paychecks,” writes Mr. Corbell. “But when the homeowners failed to pay mortgages, banks faltered and the huge losses rippled throughout the economy. But only the banks were bailed out by the government (taxpayers).”
“The behavior has been so bad, it helped exacerbate problems with the agency that insures consumer accounts to $250,000,” adds The Biz Coach. “Federal Deposit Insurance Corp. may have to borrow money from the U.S. Treasury. FDIC’s bank insurance fund will be paying out $70 billion through 2013 after 92 banks collapsed in 2009.”
He points out businesses have suffered because their accounts are not insured.
The Biz Coach, as a business-performance consultant and a profit professional, has systems and strategies to relieve a company's financial stress, which includes a financial turnaround program on a pay-for-performance basis. Mr. Corbell provides complete solutions for a small retainer and one percent of the net-profit increase.
“To save clients time, I don’t necessarily have to look at firms’ books to see if they’re profitable,”
The Biz Coach says that’s important because highly motivated employees will drive brand equity. Employees with healthy self-esteem and morale will be collaborative. They’ll deliver strong performances and will be more enthusiastic with your customers.
Mr. Corbell has written 450+ business-coaching columns since 2001 for several media Web sites. He is a member of Society of American Business Editors and Writers (SABEW).
The Biz Coach Web site was recently developed by Solid Technology, www.solidtechnology.com, of Portland.
Mr. Corbell is managing member of CMS Associates LLC, http://www.cmsassociatesllc.com.
The Biz Coach was honored when The New York Times featured him twice. For some of his other business tips, simply Google each of these headlines:
• Been There... Done That... Here's How
• Advice on Taking an Entrepreneurial Leap
Mr. Corbell is writing a book tentatively entitled, “How to Watch Your Back in the Jungle – Avoiding Business Predators.”
