The Federal Reserve is finally admitting that not all the big banks are healthy: Bank of America won't get to pay increased dividends. But none of those financial giants should be allowed to, and a logical look at the reasons they say they want to dole out the cash makes it totally clear why.
Though the job market remains challenging, for one group, the labor market was at its steadiest of the year last month. The number of chief executives departing their jobs fell to 79 in November, the lowest monthly number of 2010, according to job-services firm Challenger, Gray & Christmas.
The number of chief executive officers leaving their posts in October fell to its lowest level in 18 months, according to a new report released today. The drop seems to show that the volatile job market, at least among corporate chiefs, appears to be stabilizing.
