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Stanford is a census-designated place (CDP) in Santa ClaraCounty, California United Statesand is the home of Stanford University. The population was 13,809 at the 2010 census, with a daily population of 35,000. Stanford is an unincorporated area of Santa Clara County and is adjacent to the city of Palo Alto Stanford, California is a valid postal address, and has its own post office and ZIP codes: 94305 (campus buildings) and 94309 (post-office boxes). A popular landmark is the Dish.
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Stanford is a census-designated place (CDP) in Santa Clara County, California, United States and is the home of Stanford University. The population was 13,809 at the 2010 census, with a daily population of 35,000. Stanford

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NY Post
:
The Jesuit priest who presided over the inaugural Mass for then President-elect Joe Biden resigned as president of Santa Clara University in California this week after an investigation found he had behaved in a manner inconsistent with established Jesuit protocols and boundaries.
John Sobrato, the chairman of the universitys board of trustees, confirmed in a statement Wednesday that Rev. Kevin OBrien had offered his resignation Sunday and the board had accepted it the following day.

Via NY Post: The Jesuit priest who presided over the inaugural Mass for then President-elect Joe Biden resigned as president of Santa Clara University in [...]

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Biden Inauguration Priest Resigns From Santa Clara University Rather Than Submit To Investigation Into His Behavior | Weasel Zippers

PR Newswire)  S
ANTA CLARA, Calif. and CHICAGO, April 15, 2021 /PRNewswire/ -- Santa Clara University and Everspring today announce the launch for the new online Master of Science in Business Analytics (MSBA) program, which is now accepting applications for the inaugural fall 2021 cohort. The online MSBA, which will align with the university's recently revamped on-ground MSBA, will provide in-demand advanced skills in business analytics for professionals seeking the flexibility of an online master's program with the academic quality of a highly ranked business school.
Santa Clara University's Leavey School of Business, a top ranked institution in the heart of Silicon Valley, has worked with Everspring, Inc., a leading provider of education technology and services to universities seeking to build or expand their online capabilities, to develop a robust portfolio of online master's programs. In addition to the new online MSBA, this portfolio includes an MBA, MS in Marketing and MS in Finance and Analytics. In support of Leavey's online portfolio, Everspring provides program design, course development, marketing and enrollment, and student support services.
"Business analytics is a high-demand field, and with the interest in our on-ground MSBA, we know many busy professionals want the flexibility of an online offering," said Toby McChesney, senior assistant dean of graduate business programs at the Leavey School of Business. "Like the corresponding on-ground program, our new online MSBA will offer a variety of elective options for students to tailor their curriculum to their individual professional goals. We're confident this program will yield the same level of strong outcomes for graduates as our existing online master's programs with Everspring."
Everspring's partnership with Santa Clara has yielded outstanding results for the existing online graduate programs at Leavey:
Student satisfaction is 94%
Princeton Review ranks the online MBA the #14 online MBA program
Poets & Quants ranks it in the top 10 overall and #3 for career outcomes
U.S. News  &  World Report's "Best Online Program Rankings" ranks the online MBA #40 and its finance and marketing specialties came in at #10 and #12, respectively
"We're proud of the portfolio we've built together with the Leavey School of Business, and are appreciative of their continued trust in us," said Beth Hollenberg, president and co-founder of Everspring. "We're thrilled to add the MSBA which, given the importance of analytics and data science, reflects an important addition to Santa Clara University's already robust online portfolio."
To learn more about the new online MSBA, visit
About Santa Clara University
Santa Clara University is a private Jesuit, Catholic University in the epicenter of Silicon Valley, infusing ethics and social consciousness into a rigorous cross-disciplinary education for its nearly 9,000 undergraduate and graduate students. For more information, see  .
About Leavey School of Business
Located in the heart of Silicon Valley, one of the most dynamic business environments in the world, Santa Clara University's Leavey School of Business combines academic excellence in the 450-year Jesuit tradition, with an energetic, innovative spirit that typifies the region. The Leavey School of Business offers one of the nation's best graduate business programs, ranked No. 13 for executive MBA, No. 20 for evening MBA and No. 40 for online MBA by U.S. News  &  World Report. Our undergraduate business programs rank in the Top 15% and No. 23 nationwide in best undergraduate teaching, according to U.S. News  &  World Report. For more information, visit  .
About Everspring
Everspring is a leading provider of education technology and services for higher education. Our advanced technology, proven marketing approach, and robust faculty support and instructional design services deliver outstanding outcomes for our university partners, powering their success and rising rankings. From on-campus to hybrid to online, Everspring offers a range of full-service turnkey solutions, standalone fee-for-service offerings, and innovative self-service products that enable universities to establish themselves as leaders in the digital delivery of higher education. Based in Chicago and named one of the "Best Places to Work ," Everspring serves a growing number of colleges and universities, nationwide.
Visit  for more information. Don't just go digital. BE DIGITAL.
SOURCE Everspring
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SANTA CLARA, Calif.and CHICAGO, April 15, 2021 /PRNewswire/ --Santa Clara University and Everspring today announce the launch for the new online Master of Science in Business Analytics (MSBA) program, which is now accepting applications for the inaugural fall 2021 cohort. The online MSBA, which will align with the university's recently revamped on-gr

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Everspring and Santa Clara University Launch Program for Online MS in Business Analytics
    | MENAFN.COM

Santa Clara University has named
Ed Grier
, a veteran global operations executive and business-school leader, to be the next dean of Santa Clara Universitys Leavey School of Business.
Grier will join Leavey this summer from Virginia Commonwealth University, where he has served as dean of the School of Business. He joined VCU in 2010 after a successful 29-year career with Walt Disney Company, where he served in a variety of progressively more-responsible roles around the globe, including president of the $2 billion, 20,000-employee Disneyland Resort in Anaheim, Calif.
At SCU, Grier will lead a school with more than 170 faculty and 50 staff members, and more than 2,500 undergraduate and graduate students, located in one of the worlds most innovative regionsSilicon Valley.
As Leaveys dean, Grier will build on Santa Clara Universitys national reputation for teaching, research, and innovative business education programs. He plans to strengthen relationships, continue to raise national visibility, and generate new revenue streams for the long-term vitality of the School, all within the framework of Santa Claras Jesuit mission and values.
We are delighted to welcome Dean Grier to the Leavey School of Business, said Santa Clara University Acting President
Lisa Kloppenberg
. He brings a wealth of knowledge and a perspective from both academia and industry that will serve LSB well as it emerges from this pandemic year, strives to smartly leverage Silicon Valley corporate partnerships and SCUs graduate programs, and build on its tradition of excellence in the teaching-scholar model.
Griers executive leadership style emphasizes big thinking and productive collaboration. At VCU he oversaw the incorporation of the VCU Brandcenter and Center for Sport Leadership into the School of Business, creation of an International Consulting Program for both master and undergraduate students, and launch of the Master of Decision Analytics Professional Track degree program. In addition to spearheading a successful School of Business capital campaign, Grier guided the launch of the schools online MBA program, including establishing an in-house media production facility. He facilitated a partnership with the Henry Ford Entrepreneurship Academy to provide three-day entrepreneurship training programs on four continents.
He served as interim vice president for development and alumni relations at VCU from March to September 2017, midway through the Universitys $840 million capital campaign. In addition to participating on the steering committee for the university budget redesign, Grier has chaired several key university leadership search committees.
I am thrilled about this opportunity to lead the Leavey School of Business at such an important and exciting time, said Grier. Santa Clara Universitys values of preparing young men and women for leadership and service to the common good align exceptionally well with my personal values. I am eager to leverage my skills as a servant leader alongside the talented faculty and staff of Leavey School.
In the Central Virginia community, Grier serves as a board member of The Colonial Williamsburg Company, ChildFund International, and the Greater Richmond Chamber of Commerce. He also serves as a trustee of Brandman University, part of the Chapman University System in California.
A sought-after speaker on topics including diversity, leadership, and corporate creativity, Grier earned his B.A. in accounting from Duquesne University, becoming a certified public accountant while at Ernst & Ernst (now known as Ernst & Young) for four years before joining Disney.
Grier and his wife Valerie rejoin their three sons and their families, who all reside in California, after spending 11 wonderful years with VCU in Richmond, Va. Grier says he thoroughly enjoyed his time at VCU but welcomes the opportunity to live close to his family.
About Santa Clara University
Santa Clara University is a private Jesuit, Catholic University in the epicenter of Silicon Valley, infusing ethics and social consciousness into a rigorous cross-disciplinary education for its nearly 9,000 undergraduate and graduate students. For more information, see www.scu.edu
About Leavey School of Business
Located in the heart of Silicon Valley, one of the most dynamic business environments in the world, Santa Clara Universitys Leavey School of Business combines academic excellence in the 450-year Jesuit tradition, with an energetic, innovative spirit that typifies the region. The Leavey School of Business offers one of the nations best graduate business programs, ranked No. 13 for executive MBA, No. 20 for evening MBA and No. 40 for online MBA by
U.S. News & World Report
. Our undergraduate business programs rank in the Top 15% and No. 23 nationwide in best undergraduate teaching, according to
U.S. News & World Report.
For more information, visit www.scu.edu/business
Contacts
Deborah Lohse | SCU Media Communications |
[emailprotected]

SANTA CLARA, Calif.--(BUSINESS WIRE)--#MBA--Santa Clara University has named Ed Grier, a veteran global operations executive and business-school leader, to be the next dean of Santa Clara Universitys Leavey School of Business. Grier will join Leavey this summer from Virginia Commonwealth University, where he has served as dean of the School of Business. He joined VCU

digitalmedianet

Ed Grier to Become Dean of Leavey School of Business at Santa Clara University | Digital Media Net

World News
WASHINGTON (CNS)  Jesuit Father Kevin OBrien, president of Californias Santa Clara University, has been placed on leave while his Jesuit province investigates reports of his alleged misconduct.
The priest, 54, celebrated Mass on Inauguration Day, prior to the official Jan. 20 swearing-in ceremony, at St. Matthews Cathedral in Washington attended by now-President Joe Biden and now-Vice President Kamala Harris along with their family members and other political leaders.
A message emailed to the university community March 18 from John M. Sobrato, chairman of the schools board of trustees, said the university president had allegedly exhibited behaviors in adult settings, consisting primarily of conversations, which may be inconsistent with established Jesuit protocols and boundaries.
Sobrato did not specify what the allegations were but said Father OBrien has agreed to cooperate fully with the investigation and honor the process that he affirms annually as part of his ongoing Jesuit training.
The investigation is being conducted by officials with the orders Jesuits West province, which includes Arizona, Alaska, California, Hawaii, Idaho, Montana, Nevada, Oregon, Utah and Washington.
In his message, Sobrato said the board first learned of these allegations March 16 and that it takes these accounts seriously and supports those who came forward to share their accounts.
But he also pointed out that the board members fully respect Father OBriens right to a fair and impartial investigation, and we appreciate his strong belief that any complaints involving him should be held to the highest standard and carefully and independently investigated.
Sobrato said transparency and accountability have been hallmarks of the presidents tenure and he insists that they must apply, especially now.
A graduate of Jesuit-run Santa Clara University, Sobrato said the trustees will not be providing interim updates, but will communicate the final results of the investigation. In the meantime, he asked the school community to allow the investigation to run its course.
For now, the universitys provost, Lisa Kloppenberg, has been appointed as acting president and other university officials will take on extra responsibilities.
Tracey Primrose, spokeswoman for Jesuits West, told The Mercury News daily newspaper that she could not provide details of the allegations because of the groups confidentiality practices, saying only: Jesuits are held to a professional code of conduct, and the province investigates allegations that may violate or compromise established boundaries.
Father OBrien has been university president since 2019 after he was dean of the Jesuit School of Theology at Santa Clara University for two years. Before that he was at Georgetown University, where he was executive director of campus ministry and then vice president for mission and ministry.
He also was associate pastor at Holy Trinity Church in Washington, where the Bidens have attended Mass and continue to so.
The priest was described as a family friend of the Bidens when he was chosen to celebrate the Inauguration Day Mass.
In his homily that day, he said: This day, when we emphasize national unity, we welcome people of all faith traditions and all political preferences, for we are all sons and daughters of God and we all need to say thank you to the God who has been so, so good to us and to our country. And we also need to rely on Gods help, Gods encouragement.
Also see

Jesuit Father Kevin O'Brien, president of California's Santa Clara University, has been placed on leave while his Jesuit province investigates reports of his alleged misconduct.

catholicreview

Head of Santa Clara University on leave as alleged misconduct investigated - Catholic Review

The confrontation occurred on Saturday
when campus security approachedMorgans brother, who was working on his laptop and told himto leave the area. However, when he packed up his belongings, the security followed him to the street where he was met by four security vehicles.
Morgans brother then proceeded to her home where the security officers demanded that she vouchfor her brother and proveshe livedat the residence.
I asked what the issue was and he said my brother was in the bushes and it was suspicious, and they thought he may have been homeless. I asked why I needed to show ID at my own home. He said, Well, its not your home. The University owns it, she tweeted
Morgans husband, who is white, then came outside to talk to the officers and criticized them for harassing his brother-in-law because of his skin color.
My husband told them that this was anti-Black and despicable. He told them that they dont harass anyone white on campus, ever. He told them they only harass Black students and faculty, and that following him to a second and third location was punitive, she wrote
Morgan went on to reveal that the security officers couldnt give her a solid answer explainingwhy they stopped her brother and insisted that he wasnt in danger because they didnt carry guns.
At this point, they told us they didnt have any guns on them, so my brother wasn't in danger. I was aghast that they explained he wasnt in danger because they werent armed, not because he wasn't a threat or because they wouldn't hurt him, but because they COULDNT, she wrote.
Eventually several of Morgans neighbors gathered outside to rally behind the family and defuse the situation.
Kevin OBrien, the president of SCU tweeted out a letter of apology following the incident.To Professor @mos_daf and her family: I am deeply sorry for the hurtful incident that happened today @santaclarauniv, the caption read
No work is more important than our efforts to realize a more inclusive, welcoming, and safe campus where all are respected and valued.
As of Monday afternoon, the first message inMorgans Twitter thread has received over 41K retweets and 116K likes.
This is a representational image of a police car.
Photo: AFP / SAEED KHAN

A Black assistant professor detailed her encounter with the Santa Clara University campus security.

ibtimes

Santa Clara University Professor Accuses Campus Security Of Racially Motivated Harassment On Twitter

Business
Real pay stubs are written pieces of evidence that encompass and document details like the employees wages, deductions, plus all taxes imposed over a specific time period.
Pay stub is an efficient method that helps employees to keep a record of their finances and accounts so that these documented accounts can serve as evidence and resolve issues in the event of a conflict. However, there are chances that you might be scammed by a fake pay stub out there.
It is crucial that you get a real pay stub from authentic online sites, and if you are having difficulty finding one, this websiteis your jackpot. Now, let us take a look at the numerous benefits these real pay stubs provide before finding out whether they are necessary.
Benefits of Real Pay Stubs
Source:goodmenproject.com
There is no doubt that pay stubs are an imminent part of the employment period. Accounting and tallying can often be quite confusing for the employees, and these real pay stubs have written records that seamlessly help employees get accustomed to the process.
Finance details like the gross income, grants and additions, tax deductions and net income are plugged into the real pay stubs once all the calculations are taken into account.
Apart from being a guide to employees, check stubs also help eliminate any kinds of discrepancies that might occur. It also helps maintain the transparency between the employer and his employee. This means that both the parties would not be getting any chances to cheat because nothing can get past the real pay stub records!
What information does a paystub need to record?
Source:checkstubmaker.com
We have seen that a real pay stub is quite helpful in simplifying the monetary and technical aspects, but this does give rise to a question. Are there any criteria that mandate the information and data that has to be recorded on a real pay stub?
The answer can never be specific enough because the information to be recorded on this pay stub differs according to the laws of the state you are working in. However, there is some general information that has to be listed on any kind of pay stub so let us take a look at them!
A real pay stub needs to contain all the employees personal information, such as his birth date, full name, age, marital status, and other details that they think are necessary.
Apart from the personal information, it also needs to include the gross wages, the taxes, and deductions, the number of hours worked, the rates paid, allowances and contributions, and finally, the net income.
The net income or net wages is the income that the employees actually receive once all these tax and deductions and allowances parameters are considered. If an employee gets a bonus or vacation pay, those records also must be filled and shown on a pay stub.
Does an employer have to provide the real pay stub?
Source:classlawgroup.com
This brings us to our main question. Yes, all the employers might be facing this same dilemma, so take a look and find the answer! There is no federal law that states that the employees must necessarily provide the real pay stub to an employee.
That being said, some of the states have made it compulsory for employers to maintain a check stub for all the company employees.
So, the first thing you as an employer need to do is check out the state you and your company are located in. Then you can check out the state laws, and if the state laws dictate that it is a necessity, you must adhere to it. If you fail to provide real pay stubs in these states, you might be fined heavily.
For example, in California charges up to $4000 might be imposed on you, which depends on the department of labor. So, it is suggested that you do not take such risks.
If you are in a state where it is not compulsory to generate a real pay stub, it would not be a crime if you do not provide pay stubs to your employees. Some companies have a complex hierarchy structure that might make the maintenance of paystubs an excruciating process. In that case, you might have to hire an expert who can keep a record of all this data.
Employee and Employer agreements
As per federal laws, the employees must keep track of the payroll. Now, it is up to your company to decide whether you want to be involved in this documenting process. Although there is no compulsion for you to be involved in generating or maintaining this payroll or real pay stub, there are few things you must keep in mind before you make the decision.
Transparency between the employer and employee is crucial to any business. If there is no trust and openness, your company is bound to disintegrate, and a pay stub can be that element that helps maintain this much-required transparency.
Since all the details are listed out on the real pay stub, the employer and employee can always use them as a reference when they are unsure as mentioned before, it is an excellent method to resolve conflicts and ensure that your employee does not get paid more or less than what he deserves.
Besides, as a responsible citizen, you can also ensure that the records shown by your employee are genuine and do not contain any misleading data. This also decreases the chances of your employee evading taxes by providing a fake pay stub, and in return, it earns a significant reputation for your company.
Conclusion
Source:patriotsoftware.com
Well, now you have seen all the factors that are taken into account in deciding whether you must provide check stubs to your employees or not.
There are plenty of sites and companies that can also help you maintain these paystubs if you choose to help your employees out. Although it might be a tiring process, your employees would appreciate your supports, and you might just end up earning their loyalty!
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Pay stub is an efficient method that helps employees to keep a record of their finances and accounts so that these documented accounts can serve as evidence and resolve issues

haaretzdaily

Are You Required To Give Your Employees A Pay Stub? - Haaretz daily - Info & News Magazine 2020

Help for your employees to understand their pay stubs
1. Be clear on how your payroll team calculates pay
Gibbs points out that the most frequent pay stubs question from salaried employees is about how the payroll team calculates their pay.
He says: One of the big things that always confuses people is the hours that appear on a pay stubs are generally averaged across 12 months for salaried employees. A shorter month throws off their calculations.
Their pay stubs shows theyve been paid for working, say, 162 hours, but theyve actually only worked 130.
Adding that detail to your salaried employees pay stubs could slow down those types of inquiries.
2. Improve clarity around employer-paid benefits
Another problematic area for understanding pay stubs is how the other elements of your employees compensation is documented, such as for pensions.
Gibbs says: There are a lot of questions about what the employer pays and what they pay, in terms of how its shown on the pay stubs. There are still a lot of pay stubs that dont cover all of the elements in enough detail.
Its worth expanding this field on the pay stub to include this itemization.
Automated onboarding. Remote employee access. Download our guide for Sage Advice to help you reimagine your HR process
3. Use customization for clarity around understanding pay stubs
Gibbs says the standard pay stub with basic pay information isnt enough for employees to get the full picture. Simple updates to your pay stub template could make a difference in the volume of queries.
He adds: I think theres a shift to a more customizable and bespoke pay stub that fits the specific requirements of the company.
Instead of just one template, HR managers should compare pay stub layouts and details to see the many levels of detail that they can and should include.
4. Digitize your pay stub
The most significant change that has happened to pay stubs is digitization, which is to the HR leaders benefit in several ways.
Gibbs says: Digitizing has made it easier to create pay stubs because most software gives you a choice of templates that you can configure to what you think your business needs.
Now youre able to put a narrative on a pay stub much easier because its electronicway easier than if it were pre-printed stationery.
So if youre getting a lot of queries about the average hours per month, for example, you can easily update your pay stub to address that and stop those calls.
5. Implement employee self-service functionality
Employee self-service functionality is critical when it comes to understanding pay stub. In todays digital society, employees expect the same on-demand access to their pay stub as they get in other areas of their lives.
With payroll software you can create an FAQ for common questions about pay stubs that employees can access and review on-demand.
This way, they can get immediate answers as they need them, and you dont have to spend time addressing the same questions repeatedly.
6. Plan ahead for voluntary attrition
The exit stage is still a challenge for organizations to find the right solution to make sure employees can access their pay stubs as they need to after theyve left the company, says Gibbs. Think about how a person will take their pay stubss with them when they leave.
When a person leaves an organization, usually their access to the HR portal is turned off or left on for a short time. Both can confuse former employees in the end.
Some organizations have a separate, third-party portal where they can upload the employees final documents. But by doing that, you risk non-compliancebecause you end up with pay stubs in multiple places for multiple employees.
For me, its a process that I recommend you give a lot of clarity and thinking through.
7. Add understanding pay stubs to your onboarding process
This may seem like a no-brainer, but Gibbs says its rarely even considered when mapping the employee experience.
He adds: I dont think its ever covered in an induction program. Ive personally never had someone talk through my pay stub with me.
But if we look at how payroll is processed, I have this view that a lot of organisations make it artificially complex. It doesnt need to be as complicated as its made.
Once you simplify those processes, it will be easier to display distinctions such as single and double-time pay, holiday entitlement, and everything else.
Because the problem is people see things on their pay stub and dont fully understand what they are. So, its crucial to set those expectations right when they are joining, so those elements arent confusing.
Help for your employees to understand their pay stubs
To help your employees get clarity on the information that features in their pay stub, weve created a handy infographic below, so you can share the information with your workforce.
Conclusion on understanding pay stubs
The pay stub is an important document for many reasons, and its important for the sake of employee engagementthat your employees clearly understand their compensation.
This builds their trust in your company and their perceived value as an employee. It also saves you time by offering all the information they need upfront.
Upgrading to payroll software inherently resolves the common problems with pay stub through automation, customization, and smart data. Using it gives you the flexibility to create the kinds of payroll documents that are best suited for your business model, and to make updates quickly as needed.
Gibbs concludes: There needs to be automation within payroll. There needs to be connectivity with the relevant tax offices so youre always up to date with tax codes.
There is a such thing as static payroll where everyone gets the same amount every month. But that isnt the case for many businesses.
And even in those cases, automation is crucial to make the job easier.
Browse more topics from this article

Understanding pay stubs can be confusing for employees. Follow these seven tips to make things clearer for them and save time for your HR team.

sage

Understanding pay stubs: 7 tips to help your employees | Sage Advice US

Hi there, ty.  I'm here to provide you with the informati...
Hi there,  ty
I'm here to provide you with the information on how to automatically send paystubs for your employees.
Once you have an active payroll subscription, QuickBooks Online (QBO) has a feature called ViewMyPaycheck which allows you to give your employees online access to their paystub. When your employee has signed up for ViewMyPaycheck, they'll receive an email notification that their paystub is available for viewing after you submit their Direct Deposit to Intuit.
Here's how your employees can sign up for the service:
Go to:

I am the assistant and was tasked with finding out if we can set the pay-stubs to email automatically. We currently email them individually and it's time consuming.
  
Help me look good for my boss. :)

intuit

Solved: How do I set up an auto email of the pay-stubs. We are manually emailing the pay-stubs to all the employees. Is there a way to review, confirm and hit the go button once?

America/Los_Angeles
Employee Online Pay Stub Coming Soon
In a continuing effort to help provide employees with detailed total compensation information, the Payroll Department is excited to announce that all employees will soon be able to review current and prior pay stubs online through self-service in PeopleSoft.
Your comments about this years inaugural Total Rewards Statement helped drive these efforts and soon you will be able to access related salary and benefits information online 24/7 at your convenience. You will be able to view and print your current and historical pay stubs from your own computer.
The online paycheck is not intended to replace your hardcopy pay stub. It is just another way for you to access your pay stubs any time you may need them. A campus notification will be sent as soon as the online paycheck is live.
Here is a sneak peek at a sample of the online pay stub:

In a continuing effort to help provide employees with detailed total compensation information, the Payroll Department is excited to announce that all employees will soon be able to review current and prior pay stubs online through self-service in PeopleSoft.

Your comments about this years inaugural Total Rewards Statement helped drive these ...

csusm

Employee Online Pay Stub Coming Soon

Most employees tend to ignore reading their pay stubs. Many regard the information as irrelevant. But the information on the seemingly superfluous part of the paycheck can prove invaluable in detecting discrepancies.
An
employee had sued FedEx
since the pay stubs did not identify the start and end pay periods. This resulted in the company paying $8.25 million in penalties to the affected individuals. So, you should always watch the pay stubs carefully at each paycheck.
By reviewing your pay stub, you can make sure that you are given the right amount by the employer. You should make sure that the employer has properly calculated your salary.
1. Hours Spent
You should record hours worked and tally the number with that in the pay stub. Make sure that the employer has accurately listed the hours spent on tasks. The information should be reviewed every pay period to ensure that the hours worked by you during the period has been properly recorded and payment made accordingly.
Inaccurate information about hours worked can be a basis for legal charges against the employer. You should not ignore even small discrepancies regarding hours work as they can turn out to be a large amount.
You can also generate your own with a
online. This will help you to ensure that the employer has calculated the salary accurately based on hours worked and work period as per fixed or variable work schedule.
2. Withholding Tax
withholding tax
amount. Make sure that the pay stub contains the correct Social Security number, paid time off, pay rates, and other tax-related information.
Reviewing the tax-related information on your pay stub is important. If the employer has entered the wrong Social Security number, the taxes paid to the IRS may be incorrect. Its possible that someone elses taxes may be applied to you.
In case of the excess tax amount, you will have to wait until the end of the tax period for a refund. So, you need to be proactive and promptly inform the employer in case you notice any discrepancy in the pay stub.
3. Employee Bene

By reviewing your pay stubs, you can make sure that you are given the right amount by the employer. Make sure that the employer has calculated your salary.

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Why Do Employees Need to Carefully Read Their Pay Stubs?

Image Result For Pay Stub From Long Beach City Employees Related images to pay stub from long beach city employees

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Pay Stub From Long Beach City Employees | Bloggfokus.com

Federal employees furious over the partial government shutdown vented their anger Friday in social media posts that show pay stubs with zero dollars in income.

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Pissed-off federal employees post $0 pay stubs

Pissed-off federal employees post $0 pay stubs
by

January 11, 2019 |  6:56pm            |  Updated January 11, 2019 | 7:10pm
Federal employees furious over the partial government shutdown vented their anger Friday in social media posts that show
pay stubs with zero dollars
in income.
Oscar Murrillo Jr. of Lancaster, California, tweeted an image of his upcoming Jan. 15 earnings statement from NASA with a red circle around a box that shows his net pay as $0.00.
I just got my paystub, it was $0 (-$130 actually to account for mandatory deductions),
.
However, my Senator @KamalaHarris is on a book tour charging $40 per seat. #ShutdownStory #DoYourJob
He also included a link to a sold-out appearance that Harris (D-Calif.), a potential presidential candidate, made Wednesday at The George Washington University to promote her memoir, 
The Truths We Hold: An American Journey
.
Catherine Lovetro, aka @CatLovetro, posted a screenshot of an employeeexpress.gov account that shows $0.00 in both gross and net pay.
Her post came in reply to a tweet about air traffic controllers being forced to work without pay during the shutdown.
Heres my pay stub! #willvectorforfood,
, using a term for managing planes in the air.
The tweets were
first reported by USA Today
.
The shutdown began Dec. 22 when President Trump and Congressional Democrats failed to agree on funding for nine of 15 departments of the federal government.
The two sides are at odds over Trumps demand for $5.7 billion to build a barrier between the US and Mexico.
The shutdown is set to begin a record-setting, 22nd day on Saturday.
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Your employees may have trouble or questions on understanding all the information on a paycheck. This guide will help you explain how to read employee pay stubs.

How to Read Employee Pay Stubs | GTM Business

's mother Andrea Swift appeared in court Wednesday to testify in a civil case that a former Colorado DJ David Mueller groped her daughter during a backstage photo-op in 2013.
The
lawsuit
, filed by Mueller, known on-air in Denver as "Jackson," states that Swift and co-defendants, including her mother, have falsely accused him of lifting the pop star's skirt during the photo-op and grabbing her bottom which lead to his firing from KYGO radio.
"I knew what happened, I heard it from her. I heard it from my daughter's mouth. He sexually assaulted her, right there, that guy," Andrea said on the stand while pointing at Mueller,
NBC News
reported. Andrea was not present at the time the photo was taken but was told by Taylor afterwards what happened.
After hearing Swift's side of the story, Andrea stated that she wanted to vomit and cry. "We were shocked. ... We felt it was imperative we let his employers know what happened. ... We did not want him to get away with it," Andrea continued about how Swift's team contacted KYGO about the incident,
ABC News
reported.
Andrea added that Taylor never directed anyone to fire Mueller. "He committed a sexual assault on my daughter. I wanted them [KYGO] to make their own conclusion," she said. When asked why the police were never called to report the incident, Andrea said "We didn't want it to be public."
Taylor's radio promotions director Frank Bell also took the stand Wednesday and stated that Andrea asked him to inform KYGO about what they said happened and "make sure that Mr. Mueller was fired," however, Bell said he only told the general manager of KYGO to look into things.
Mueller stated previously that he was fired after Bell told KYGO general manager Bob Call that Taylor and her parents were "looking for specific action" to be taken by the station.
Mueller testified on Tuesday and continued to deny that he touched Taylor inappropriately. He said that during the photo, which also included his girlfriend at the time, that his right hand, in a closed fist with his palm down, ca

Taylor Swift's mother Andrea Swift appeared in court Wednesday to testify in a civil case that a former Colorado DJ David Mueller groped her daughter in 2013.

Taylor Swift's mother testifies in DJ groping case: 'We were shocked' - UPI.com

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D DipasupilFilmMagic
Taylor Swift performs on ABC's "Good Morning America" in Times Square on October 30, 2014 in New York City.  (D Dipasupil--FilmMagic)
And Spotify can't shake it off
Taylor Swift has decided to remove her music from Spotify, the company announced in a
Monday. The only song of hers remaining on the service is Safe & Sound, from
The Hunger Games
soundtrack.
We hope shell change her mind and join us in building a new music economy that works for everyone, Spotify posted, noting that 16 million of its users have played Taylor Swift music in the last 30 days and that she appears on 19 million playlists.
Swift refused to allow her 2012 album,
Red,
on Spotify when it first debuted, but it later appeared for Spotify users to enjoy. Her most recent release,
never appeared
on Spotify. The artist has also been vocal about her thoughts on music sharing.
Piracy, file sharing and streaming have shrunk the numbers of paid album sales drastically, and every artist has handled this blow differently, Swift wrote in a
op-ed
earlier this year. Its my opinion that music should not be free, and my prediction is that individual artists and their labels will someday decide what an albums price point is. I hope they dont underestimate themselves or undervalue their art.
Spotify even created a playlist in honor of the absent superstar, called What to Play While Taylors Away. It includes artists like Katy Perry, Leagues, Ed Sheeran, and One Direction  which is awkward for Taylors ex, One Directions Harry Styles.
The post ended on a note of desperation, P.S. Taylor, we were both young when we first saw you, but now theres more than 40 million of us who want you to stay, stay, stay. Its a love story, baby, just say, Yes.
Read next:

Taylor Swift has decided to remove her music from Spotify, the company announced in a pleading blog post Monday.

time

Taylor Swift Removed All Her Music from Spotify

Coast graduate to study countrys newest course
Zane Hutchison will study computer science at USC Moreton Bay. Photo: Contributed
Education
Coast graduate to study countrys newest course
Staff Writer
15th Jan 2020 4:30 PM
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PALMWOODS resident Zane Hutchison knows exactly why he chose to study the newest computer science course in the country.
The computer whiz will be among the first students to attend the University of the Sunshine Coast Moreton Bay campus this year.
He said choosing the updated course was a no-brainer.
Because computer science is a field thats changing so quickly, I knew that the newer the course, the more it would be up to date, Zane said.
The 17-year-old has his eyes on the future, with plans to one day use his qualifications to provide new software to replace niche products that have become outdated.
Doing data entry for a job, Ive spent a lot of time working with really terrible programs, so Id like to one day create my own software, he said.
The Nambour Christian College OP 1 graduate has taught himself programming languages including Python, Java, C++ and Swift, and put them to various uses, including in share trading and mathematical modelling.
With computer science, youre not stuck doing one thing because there are so many different paths like machine learning, artificial intelligence, databases, website development and cyber security  youre not restricted, Zane said.
The keen surfer, artist and volleyballer plans to continue living at home while commuting by train from Palmwoods to Petrie to the new USC Moreton Bay campus, and is enthusiastic about the career potential back home on the Sunshine Coast.
Ive heard that the submarine cable landing at Maroochydore could create a sort of tech hub here, so Id be open to working back on the Coast at the end of my degree, he said.
0

OP 1 graduate from Palmwoods makes calculated choice to study the newest computer science course in the country.

sunshinecoastdaily

Coast graduate to study countrys newest course | Sunshine Coast Daily

Last modified on Friday 11 August 2017
13.09 EDT
A former bodyguard for Taylor Swifthas said he saw a DJ she accuses of groping her reach under the singers skirt during a 2013 pre-concert meet-and-greet photo session.
But Greg Dent testified on Friday he did not take any immediate action because he generally took his cues from Swift, and she gave him none.
Dent said he was a few steps away from Swift at the photo-op and watched everyone who came in and left. Dent said David Mueller groped Swift under her skirt a moment before a staff photographer took a photo of Swift, Mueller and Muellers then-girlfriend.
He says the photo shows Swift trying to move away from Mueller. Swift testified the photo captured the exact moment she was groped.
The pop superstar testified for about an houron Thursday, sometimes using unflinching language in giving her account of what happened.
When Muellers lawyer asked how she felt about him losing his job at a radio station following their encounter, Swift said: Im not going to allow you or your client make me feel in any way that this is my fault.
Here we are years later, and Im being blamed for the unfortunate events of his life that are the product of his decisions  not mine.
Her testimony came four days into a rapidly moving trial that is scheduled to last nearly two weeks.
Mueller sued Swift after her team reported the alleged assault to his bosses at a country music station. Hes seeking up to $3m, saying the allegation cost him his job and reputation.
Swift counter-sued, claiming sexual assault and seeking $1. Mueller testified he did not grope Swift.
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Greg Dent testifies that radio host David Mueller groped Swift at photo-op before a concert n 2013

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Taylor Swift bodyguard tells court he saw DJ reach under singer's skirt | Music | The Guardian

OP-Kotipankki bank is a member of the OP Holdings Group. The bank's activities include the operation of non-classifiable establishments.
Main banks in Finland

View a list of OP-Kotipankki branches SWIFT / BIC Codes in Finland grouped by bank's branch.

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OP-Kotipankki branches SWIFT / BIC Codes in Finland

Pioneer CO-OP, Swift Current, Saskatchewan.

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See OP-Kotipankki profile, check head office address, contacts, SWIFT code and get a list of branches.

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Address:1150 Central Avenue NorthSwift Current, SKS9H 0G1Phone:306-778-8800

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Albanys New Capital Base Tax Will Raise Costs For NYC Co-Op Owners
Albanys New Capital Base Tax Will Raise Costs For NYC Co-Op Owners
Suzanna Bowling
March 26, 2021
The New York State Senate and Assembly have included a new tax increase in their State budget proposals that would increase maintenance charges for ALL NYC cooperative (co-op) owners by hundreds, if not thousands, of dollars each year  the Capital Base Tax.
This Capital Base Tax  which will affect all NYC co-op owners  was set to expire completely this year; however, instead of allowing the phase out of the capital base assessment as scheduled, Albany is trying to bring it back from the dead at the 11th hourand increase the rate by as much as 200%.
Capital Base Tax Rates

The New York State Senate and Assembly have included a new tax increase in their State budget proposals that would increase maintenance charges for ALL NYC cooperative (co-op) owners by hundreds, if not thousands, of dollars each year  the Capital Base Tax. This Capital Base Tax  which will affect all NYC co-op owners []

t2conline

Albanys New Capital Base Tax Will Raise Costs For NYC Co-Op Owners  Times Square Chronicles

here
,
whereupon the city has taken the property from the co-op owners and given it to favored non-profits to redevelop at low-and no-interest loans, the state has worked out a similar low-cost loan program with the tenants that will both allow for the needed infrastructure repairs and keep the complex affordable for years to come.
Our community was in a bad place. With gentrification all around Brooklyn and $6 Million in repairs needed to make the buildings safe, we were worried about how to keep the maintenance fees affordable, said HSH Co-Op Board President Unella Perry.
Harry Silver Housing Company, Inc Board Members pose on the three-building complex. Contributed photo.
Perry explained that the housing complex, which has several generations of families still living there, was built over 65 years ago as one of the first affordable cooperatives. While HSH is private and pays expenses from monthly carrying charges paid by shareholders, it has in the past received financial benefit for remaining affordable through a reduction in real estate taxes as long as the State Department of Homes and Community Renewal (HCR) supervised the houses.
However, 20 years ago, the HSH decided it didnt want to be supervised by HCR and lost its tax benefit and the HSH Board of Directors began to self-manage. At that time, a $3 Million loan was taken out and even though the funds were spent the capital work was not completed.
In 2015, with the corporation was on the brink of bankruptcy, HSH agreed to go back under HCR supervision, hired Marion Scott Real Estate Inc. as new management, took out an $8 Million short term loan to reimburse shareholders and vendors for unpaid expenses, and saw the City Council vote to give the tax reduction back to HSH which resulted in a $600,000 savings every year.
In the past four years, the board also completed a number of much-needed projects including removal of asbestos in hallways and lobbies; installation of cameras; repaired and striped the indoor garage; repaved the outdoor lot, replaced th

While the de Blasio Administration is caught in allegations that his administration is attempting to undermine and take away the property of longtime affordable co-op owners, the state is partnering with similar co-op owners in Crown Heights to both keep ownership and make much-needed repairs. The Harry Silver Housing Company, Inc, (HSH) a 288-unit, three-building []

kingscountypolitics

Cuomo Administration Helps Co-Op Owners Keep Their Property Affordable

By Brandon Kane, General Manager I was reviewing our West End campus expansion recently, and I was struck by how much we have collectively accomplished over the past 12 months. In this short period of time, weve gone from identifying a new home for the West End to now being on the cusp of starting construction. All 

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Co-op Owners, You're Needed for One More Vote! - GreenStar

BK Reader was there when IMPACCT Brooklyn joined State Senator Jesse Hamilton and Councilman Matthieu Eugene to celebrate the end of a decades' worth of work to ensure the tenants could stay in safe, affordable housing. The 71-unit building was officially converted into a co-op thanks to the tireless work of longtime tenant and now co-op president Eve-Lynn Williams.

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ICYMI: How Flatbush Tenants Became Co-op Owners | IMPACCT Brooklyn

Association of Sheridan Road Condominium/Co-op Owners
May 28, 2017
Cheryl Ronnett, Park Towers ASCO representative  As Park Towers newly-appointed ASCO representative, Ive found the first few months very interesting. My first meeting included a Safety Presentation by the 20th and 24th Chicago Police Districts (Edgewater and Rogers Park). Chicago Alternative Policing Strategy (CAPS) officers offered suggestions for using the jogging/bike path and beaches.
Besides obvious high theft items like cell phones, purses and wallets, another item that is frequently stolen from the park are coolers. The officers did stress the importance of being aware of your surroundings and, if you must wear earbuds, use only one. They also mentioned that bicycle riders are subject to the same rules of the road as vehicle drivers and can now be cited for using cell phone while riding.
ASCO has teamed up with Alderman Harry Osterman to post signage along Sheridan Road reminding us that bicyclists over the age of 12 are not allowed to ride on the sidewalk. And while children age 12 and under may ride on the sidewalk, adults accompanying them may not  they must walk their bikes. Possible penalties are steep: temporary confiscation of the bike and
a $250 ticket. Walk your Wheels signs are also being provided to ASCOs member associations with the request that they be posted in bike rooms.
ASCOs 19 large planters you see along Sheridan Road are refreshed twice a year, with the summer planting scheduled for the week of May 18.
Another current project is to address the flooding issues (ponding) at certain locations/intersections along Sheridan Road. One of those areas is close to us, at the northwest corner of Sheridan and Berwyn where the water sometimes blocks the crosswalks.
About the Author:
Bob Shamo is chair of the Newsletter Committee and serves on the Social Committee. Email him at bobshamo@rcn.com
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Cheryl Ronnett, Park Towers ASCO representative  As Park Towers newly-appointed ASCO representative, Ive found the first few months very interesting. My first meeting included a Safety Pr

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PTCondo.com|Association of Sheridan Road Condominium/Co-op Owners

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Responding to entreaties from
ARC
and other advocacy groups, New York Senator Jeffrey Klein introduced legislation in Albany that would amend the real property law to make reverse mortgages available to cooperators over the age of 70.  Known as S-7844, the measure is a simple one that would merely include cooperators in the universe of those permitted to apply for reverse mortgages, rather than allow them to be singled out and excluded from availing themselves of that potential resource.  Read the
text of Act S-7844
.  As the legislative session in Albany drew to a close at the end of June, Assemblyman Jeffrey Dinowitz indicated that the measure, already passed by the NYS Senate, had not reached the Assembly in time for action in this term, but that it would be high on his priority list come the fall of 2016.
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Senator Jeffrey Klein Introduces Legislation to make Reverse Mortgages Available to Co-op Owners | Association of Riverdale Cooperatives & Condominiums

Smith Barney recently began forcing its clients to change their Web login in what is claimed to be a security enhancement maneuver. This applies to every client in the US that has a joint account (ie- married couples). They are forcing this change in conjunction with the requirement of adding challenge questions and answers to 

onemansblog

Smith Barney Forces Clients to Change Login Names

5
One of the pieces of fallout of the US economic situation was the merger of Morgan Stanley and Smith Barney, two of the largest investment and financial management firms in the world. The new company dubbed Morgan Stanley Smith Barney began notifying customers of the name change earlier this month via USPS, and the letters were written on Morgan Stanley Smith Barney letterhead, although there is no url cited in the top or bottom of the letter.
The renamed organization does own the long MorganStanleySmithBarney.comdomain name, but thats a pain in the ass to type in and not typo. Clients can still log into their accounts by using MorganStanley.comor SmithBarney.comas they did before, but I would imagine something will change once the rollout has been completed to help with brand cohesiveness and recognition.
Although the domain name MSSB.com was registered and owned well before the merger, MSSB has done itself a major disservice by not acquiring the domain name already. Since the merger came together quickly and was announced quickly to help stem consumer concern, they didnt have time to negotiate to buy a domain name during this period of time. However, in the months following, they have had plenty of time to acquire it as well as the resources.
The owner has one obvious buyer, and MSSB has an obvious motivation to get a deal done. Lets hope both parties realize this and work out something beneficial. Every day that the new company operates, the domain name becomes more valuable.
Both companies do seem to understand the value of short domain names, with Morgan Stanley owning MS.com and Smith Barney owning SSB.com(short for Salomon Smith Barney), although SSB.com doesnt resolve any longer for some reason.
Share

One of the pieces of fallout of the US economic situation was the merger of Morgan Stanley and Smith Barney, two of the largest investment and financial management firms in the world. The new company dubbed Morgan Stanley Smith Barney began notifying customers of the name change earlier this month via USPS, and the letters []

domaininvesting

Morgan Stanley & Smith Barney Not MSSB.com | DomainInvesting.com

TXT
, $87). The aircraft, industrial and finance company could earn $8 a share in 2008, up from the $5.16 estimated this year and $6 and pennies for next. Cessna jets are essentially sold out through 2007. The Bell commercial helicopter business should ramp up to well over 300 helicopters in 2008, from 105 in 2005, spurred by brisk demand in the oil and gas industry and the military's need to upgrade an aging fleet.
Waste Management
WMI
, $33.52). Trash is with us in good times and bad, and Waste Management is the leader in this defensive industry. A long-awaited uptick in industry pricing is underway, which should be sustainable, helping cash flow remain strong and stable as well. The company expects to generate $1.2 billion to $1.3 billion in free cash flow (cash remaining after expenses to maintain or expand the business) for the year and return it to shareholders via dividends and stock buybacks.
Wellpoint Inc.
WLP
, $78). The health benefits company's best-known brand is Blue Cross/Blue Shield. Overall enrollment growth, market share gain and price increases should lead to annual earnings-per-share growth of 17% to 18% the next two years. Meanwhile, the stock trades at just 14 times Smith Barney's 2007 estimate of $5.55 a share, near the low end of its historical P/E range. SB says the stock deserves to trade closer to 18 times earnings, which translates to nearly $100 a share.
Smith Barney, of course, rates all of these stocks a "buy." But not all of them carry the same risk. McDonald's, PepsiCo, Prudential and Wellpoint are rated low-risk, which means they should log total returns over the next 12 months of 10% or more without much worry. Medium-risk stocks, including Alltel, Avon, Bank of America, Bunge, Entergy, Textron and Waste Management have a potential payoff of 15%; while high-risk First Data, Genentech and Halliburton could return 20% -- if all goes well.
Advertisement

Each year, Smith Barney asks its analysts to name one stock they think will do best over the next 12 months. A committee then vets the analysts' picks. Each candidate undergoes a rigorous review on such fundamentals as the prospects for a company's products, industry or the economy, plus the so-called technical and quantitative measures. Here's the list of

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Smith Barney's Big Picks

A federal judge today granted final approval to Citigroup Inc.'s $33 million settlement to resolve a gender bias lawsuit against its Smith Barney unit, Reuters reports.

planadviser

Citigroup to Pay Up in Smith Barney Gender Case | PLANADVISER

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Securities regulators have ordered Smith Barney to pay a $275,000 fine plus restitution for selling very high-risk commodity futures to individuals who had no business owning them, plus never disclosing the risks.
Citigroup/Smith Barney is also returning $203,000 to 45 customers to whom it made the unsuitable recommendations. The funds sold were the Citigroup Diversified Futures Fund and the Salomon Smith Barney Diversified 2000 Futures Fund. As usual Citigroup/Smith Barney neither admitted nor denied wrongdoing.
In one case according to Forbes Magazine a customer with a net worth of $25,000, just lost her job and the $4000 she invested in the commodity fund came from her IRA. The firm failed to maintain required records on its sales to more than 8,200 investors.
Every time I see Citigroup/Smith Barneys brand new Live Richly ad campaign I get nauseous. You should as well! The only people living richly are the crooks working at that firm.
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Securities regulators have ordered Smith Barney to pay a $275,000 fine plus restitution for selling very high-risk commodity futures to individuals who had no

watchdogonwallstreet

CITIGROUP SMITH BARNEY IN HOT WATER AGAIN | Watchdog on Wall Street

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Smith Barney Cuts Endo to 'In-Line'
Analyst Angela Larson says the earnings were good quality, but she still expects generic competition for key drugs
Smith Barney downgraded Endo Pharmaceuticals   (ENDP       ) to in-line from outperform on valuation.
On Thursday the company posted 12 cents first quarter earnings per share (GAAP), and upped the 2003 guidance to 90 earnings per share (excluding items) on $495 million in sales. Analyst Angela Larson says the first quarter earnings per share, which excluded one-time non-cash items that totaled 35 cents, beat her estimates. She views the earnings per share upside as good quality, driven by sales. Larson notes Endo upped the 2003 guidance, but still expects generic competition for key products Percocet and morphine sulfate.
Larson says the 2003 estimates meet her guidance. For 2004, she sees four product launches, which raises her target to $17.50 but cuts the 94 cents earnings per share to 87 cents on launch costs. Given the $17.50 target, she downgraded based on the price.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Analyst Angela Larson says the earnings were good quality, but she still expects generic competition for key drugs

bloomberg

Smith Barney Cuts Endo to 'In-Line' - Bloomberg

Smith Barney Cuts Starbucks to 'In-Line'
Analyst Mark Kalinowski says higher tax rates will likely restrain earnings potential for the coffee chain giant
Smith Barney downgraded Starbucks  (SBUX       ) to in-line from outperform.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Analyst Mark Kalinowski says higher tax rates will likely restrain earnings potential for the coffee chain giant

Smith Barney Cuts Starbucks to 'In-Line' - Bloomberg

Smith Barney Shareholder Class Approved in Fund Lawsuit
By
-
Mar 21, 2013
Investors in Smith Barneymutual funds can sue as a group over claims that shareholders were harmed by a kickback scheme in which Citigroup Inc. (C)pocketed fee savings, a judge ruled.
U.S. District Judge William Pauley in Manhattan certified a class of Smith Barney mutual fund investors who bought or redeemed shares from Sept. 11, 2000 to June 24, 2004, according to a decision filed today.
A class action allows plaintiffs to share the costs of gathering evidence and pursuing claims. When cases are bundled together, plaintiffs have greater leverage in trying to persuade defendants to settle.
The lawsuit was filed against Smith Barney Fund Management LLC and Citigroup Global Markets Inc. in 2005, after Citigroup agreed to pay $208 million to settle claims by the U.S. Securities and Exchange Commission that its subsidiaries kept fees that should have been turned over to Smith Barneys mutual funds.
Citigroup replaced a stock transfer agent with an in-house transfer agent and subcontracted with the original company at lower rates than it had previously charged, according to court papers.
Controlling Stake
Investors are suing Lewis Daidone, who was a senior vice president and director of Smith Barney Fund Management and a managing director of Citigroup Global Markets. He resigned in 2004, according to the shareholder complaint.
In 2009, Morgan Stanley (MS)bought a controlling stake in a joint venture that combined Smith Barney with its own brokerage. The New York-based bank has said it plans to buy the rest of the venture from Citigroup this year.
The case is In re Smith Barney Transfer Agent Litigation, 05-cv-07583, U.S. District Court, Southern District of

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Smith Barney Shareholder Class Approved in Fund Lawsuit - Bloomberg

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''I am pleased and frankly surprised at how soon after the hearing that the judge approved it,'' said Mary Stowell, the Chicago lawyer who along with her partner, Linda Friedman, has represented the plaintiffs in both the Smith Barney and the Merrill Lynch suits. Ms. Stowell said yesterday that she hoped that national legislation would ''outlaw mandatory arbitration in all professions.''
She and her law firm are now receiving claims related to the suit. ''We have had well over 1,000 phone calls and queries about the Smith Barney settlement,'' Ms. Stowell said.
In a memorandum sent to employees yesterday, James Dimon and Deryck C. Maughan, the co-chief executives of Salomon Smith Barney, expressed satisfaction at the settlement, saying that it ''focuses on effecting real change and progress rather than simply delivering monetary rewards.''
The settlement, the two executives said, will ''give additional impetus to diversity initiatives already under way at the firm.''
But the settlement drew criticism from those who argue that it is not much of a step forward since mandatory arbitration is so inimical to civil rights in the workplace.
''I think it's a sad statement that Smith Barney gets lauded for merely allowing people to bring claims in a neutral forum as though that's some great achievement,'' said Cliff Palefsky, a civil rights employment lawyer and an avowed opponent of mandatory industry arbitration. ''But the reality is the system they have set up is far better than the securities arbitration system.''
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A version of this article appears in print on July 25, 1998, on Page D00002 of the
National edition

Federal Judge Constance Baker Motley approves revised settlement of class-action sex discrimination and harassment suit against Smith Barney Inc; key revision grants more court jurisdiction should new, independent arbitration system for resolving employment disputes run into trouble; case has chipped away at securities industry's system of settling employment disputes through mandatory arbitration; affects some 22,000 current and former employees (M)

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A Revised Pact Is Approved In Smith Barney Bias Case - The New York Times

Updated: Apr 7, 2017 at 1:03PM
Published: Sep 13, 2012 at 12:00AM
Say goodbye to Morgan Stanley Smith Barney. Say hello to Morgan Stanley Wealth Management.
Morgan Stanley
has just announced a deal with Citigroup
(NYSE: C)
to buy out part of the banks' joint brokerage enterprise, Morgan Stanley Smith Barney, for the low, low price of $13.5 billion. This will get the Wall Street perennial 14% of Citi's stake in MSSB, and paves the way for Morgan Stanley to buyout the rest.
The deal also paves the way for Morgan Stanley to further shift its business toward what it sees as the stable and profitable line of business that could eventually turn around its failing fortunes: wealth management.
But wait, there's more
It should be made clear that it's Morgan Stanley that thinks $13.5 billion is a low, low price. Citi was asking $22.5 billion, and the two banks had been arguing over the price and, therefore, holding up the deal for months. They finally let an independent arbitrator make the call, and it announced its decision of $13.5 billion on Monday evening. As part of the deal, Morgan Stanley also gets $5.5 billion in deposits.
The agreement also sets the stage for Morgan Stanley's eventual buyout of Citi's remaining 35% of MSSB, which Morgan Stanley will pay another $13.5 billion for. Morgan Stanley is required to complete the buyout by June 2015, at which time it will pick-up another $48 billion in deposits, too.
We can get you a great rate on a mortgage, Mr. Rockefeller
Of the two investment banks left standing at the end of the financial crash -- the other being Goldman Sachs
(NYSE: GS)
-- Morgan Stanley came out of the chaos much weaker, and has struggled more since. Post-crash, it just hasn't been able to find its legs again, while Goldman essentially got right back into its groove.
In the wake of 2010's Dodd-Frank financial reform legislation, specifically the Volcker Rule, which prevents banks from engaging in proprietary trading, America's big banks have been on the hunt for alternate lines of business to replace the missing profits. Goldman recently opened a private bank-within-a-bank to serve its wealthy clients around the globe, with services as basic as home loans.
Morgan Stanley has done something similar, and has also pinned a fair chunk of its hopes on wealth management, which is why this deal is so important. Wealth management services are rightly seen as more stable and less prone to market shocks than, say, credit default swaps. (If you're in doubt, just ask JPMorgan Chase's Jamie Dimon.)
The only big bank built to last
Morgan Stanley cut itself a good deal here, and CEO James Gorman is a smart guy, but the wealth management business is a competitive one. Hence, the smallish Morgan Stanley will have to go up against giants, like Bank of America
(NYSE: BAC)
and Wells Fargo
(NYSE: WFC)
, with massive economies of scale working in their favor, and all competing for the finite supply of the world's wealthiest people. For investors in Morgan Stanley, let's hope the bank jumps on this golden opportunity and makes the most of it.
But for bank investors in general, and citizens everywhere, there's a trend in motion, one I've written about recently and see as a very positive overall development post-crash -- regulation is working (if nothing else, the incoming Volcker Rule, a standout bit from the overly complex Dodd-Frank). Banks are seeking out and finding alternate ways to make money -- safer ways, like private banking and wealth management. It means a more stable banking system for everyone and, ultimately I think, more transparent, easier-to-understand banks as investments.
But believe it or not, there's still a big bank out there right now that's a good investment. It's one that managed to avoid many of the pitfalls that befell its peers in the run-up to the financial crash. As such, it's one of the few big banks that The Motley Fool can still, in good conscience, recommend as an investment. Learn all about it in this special free report, The Only Big Bank Built to Last Download it while it's still available by simply clicking here now
Author

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Morgan Stanley Finds Its Future in Smith Barney Deal -- The Motley Fool

Ingrid Tunberg                               |
May 29, 2020
The new, class-A office property was acquired from Thor Equities. Cushman & Wakefield arranged the transaction.

Erika Morphy                               |
May 29, 2020
After the markets plunge in March, the mortgage REIT issued a going concern warning that it may not have enough liquidity to meet its obligations and keep its operations afloat.

Samantha Stokes                               |
May 29, 2020
This is the third apartment complex Walker & Dunlop has helped Century Holding company acquire int he past year.
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LA JOLLA CA-Citigroup Global Markets dba Smith Barney has inked a 10.5-year lease for the space which is located at 7777 Fay Ave. Smith Barney will occupy the facility's entire third floor which houses all office space.

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Smith Barney Takes 17,238 SF in La Jolla | GlobeSt

Barney Smith may be known to San Antonio as the king of toilet seats, but he's now known in the Instagram-verse thanks to a meme....

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San Antonio's Barney Smith Appears in Meme for His Former Toilet Seat Collection | ArtSlut

-2.69%
NEW YORK (CBS.MW) -- He's not ready to recommend investors buy the stock just yet, but Smith Barney analyst Bill Sims said Thursday there's "unrecognized value" in Toys 'R' Us and believes the retailer may soon take steps to unlock that value for shareholders.
Sims said the toy retailers two greatest strengths are its real estate portfolio and balance sheet/liquidity position, "both of which make a complete restructuring possible."
He thinks the company is undergoing a strategic review and will announce a "major" restructuring within the next three months, Sims wrote in a research note.
That likelihood prompted Sims to raise his recommendation on the stock to "hold" from "sell" and lift his price target to $15 from $10, though he also said if the company is restructured successfully the fair equity value of shares would be "just over" $16.
Toys 'R' Us
-0.37%
shares closed up 49 cents, or 3.5 percent, at $14.43 Thursday.
Sims didn't raise his rating to "buy," believing some of the potential value creation might already be discounted in the stock. He also said significant execution risk would remain and that the restructuring wouldn't stem the loss of market share or the incursion of discounters such as WalMart
-0.21%
into toy retailing.
"We would not be willing to suggest buying Toys 'R' Us' stock today, but feel that there could be an actionable call in the future if the company is able to successfully reorganize," he said.
Sims believes Toys 'R' Us should close 100 to 200 underperforming toy stores in the U.S., sell the real estate and use the capital to expand the more profitable Babies R Us business and return cash to shareholders. Sims said this scenario had a 70 percent probability.
A straight divestiture of Babies 'R' Us is possible, though Sims doesn't think that would be the best choice.
"While it may un-lock value, it would not address the short-comings of the core toy business, it would not have the liquidity and balance sheet it does now, and management structure would remain an issue," he said.
Sims said he would be less optimistic on the company if it maintains its current form.
"Our outlook for Toys 'R' Us' core U.S. toy business, in its current form, is no more positive for 2004 than it was for 2003," he said. "We expect the discount channel to be just as aggressive in terms of pricing and merchandising in 2004 as they were in 2003."
Indeed, without a restructuring, Sims expects the company's earnings to remain volatile. He's projecting either a breakeven scenario or a loss in each of the first three quarters of 2004 followed by a more profitable fourth quarter.
"While one positive catalyst for Toys 'R' Us might be a stronger video game market in 2004...ultimately pricing and margin pressure and a more aggressive merchandising stance expected out of WalMart and Target in 2004 should damper growth opportunities," he said.
The toymakers
In a related call, Sims' colleague at Smith Barney, analyst Jill Krutick, evaluated the likely impact of a Toys 'R' Us restructuring on the toymakers.
"While the expected earnings per share impact is relatively small, in our view, we think the headline risk and transition issues surrounding potential Toys 'R' Us store closures could dampen stock price performance," Krutick said.
Against that backdrop, Krutick cut her price target on Hasbro

NEW YORK (CBS.MW) -- He's not ready to recommend investors buy the stock just yet, but Smith Barney analyst Bill Sims said Thursday there's "unrecognized...

marketwatch

Smith Barney boosts Toys 'R' Us - MarketWatch

BARNEY SMITH at 111 S Road St, Elizabeth City, NC  27909

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BARNEY SMITH
        in Elizabeth City, NC

    - YellowBot

Jun 05, 2001
Here we go again  another name change is in the works at Salomon Smith Barney.
The retail unit will no longer use Salomon in the name. It will be known as Smith Barney at the start of the first quarter of 2002, according to a spokesperson.
Its for branding purposes, the spokesperson says. The change was announced with little fanfare. An interoffice memo in mid-May was distributed to employees to announce the name change. A press release, however, was not distributed to the media.
If a reporter called to discuss another issues with us, we said, Oh, by the way, were changing our name,' the spokesperson says.
According to the employee memo, 88% of high-net-worth clients and prospects interviewed by the firm were either positive or neutral toward the Smith Barney name, and clearly recognized the Smith Barney brand over Citigroup or Salomon Smith Barney for full-service brokerage, managed accounts and mutual funds.
Editor's note: For any comments regarding this article, or to suggest a story idea for RR Online or Registered Representative magazine, contact Editor in Chief Dan Jamieson at

Here we go again  another name change is in the works at Salomon Smith Barney. The retail unit will no longer use Salomon in the name. It will be known as Smith Barney at the start of the first quarter of 2002, according to a spokesperson. Its for branding purposes, the spokesperson says. The change was announced with little fanfare. An interoffice memo in mid-May was

wealthmanagement

Salomon to be Dropped From Smith Barney Name in 2002 | Wealth Management

Your Plan
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The Wealthminder rating is a quantitative scoring of 401k plans based on information submitted in regulatory filing documents. The rating was developed by Wealthminder and benchmarks a company's 401k plan against other plans in its industry peer group.
Wealthminder designed the rating to help employees to evaluate the relative quality of their employer's 401k plan, as well as for administrators to identify areas where they can make improvements.
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Five Star Aviation, Inc. 401k Plan is a defined contribution plan with a total of $321,292.00 in  assets, 5 active participants and a Wealthminder rating of 80.0. This plan is sponsored by Five Star Aviation, Inc..