Under New York law, a terminated employee may pursue, among other claims, causes of action for breach of express and implied contract, quantum meruit, and violation of Article 6 of the New York Labor Law against his or her employer for failing to compensate the employee for bonuses owed to him or her, even where no agreement to pay bonuses is set forth in writing. ...[ Read More ]

Anyone reading the financial press these days comes across the word ‘liquidity’ alone or in combination, e.g., liquidity gap, liquidity risk, liquidity injection etc more often than the previous favorite expression ‘sub prime’ and its combinations. As such, liquidity has easily become the most misused economic term of recent months. Liquidity seems to be the cause, the solution, the destination, the journey and the process to address the current financial upheaval. ...[ Read More ]

Corporations assess executives for just about every competency except business acumen – arguably the one most valued by shareholders and profit-making companies.

But a sea change is taking place. Several new factors – involving the discipline of leadership development and external economic factors – are driving the realization that leadership development needs to focus specifically on business acumen. ...[ Read More ]

We are undergoing one of the biggest financial crises since the Great Depression. This crisis follows hard on the heels of the Long-Term Capital management debacle in 1998 and the Enron debacle of the early 2000’s. Wasn’t Sarbanes Oxley supposed to fix all this? Wasn’t good corporate governance the new mantra for the 21st century? How come with the biggest corporate governance push of all time, we are now in yet another financial crisis? Is there any possibility that these two trends could be linked? ...[ Read More ]

We are happy to announce that the long awaited transcript of Dr. George L. Salis, Sean M. King,   James A. Lavorgna's teleseminars are now available in audio format! ...[ Read More ]

It’s that time of the year at least for those companies who have a December fiscal year. Financial managers and budget officers will be doing their usual thing to get the budgets together. They will be working with managers on the business side to pare, slash, tweak or even discard them. In so doing they will draw on a variety of approaches ranging form the “scientific”, the intuitive and the forensic. Their approach will, or should be, to come up with a budget that they think most accurately reflects what is going to happen. ...[ Read More ]

An Exclusive Interview with Dr. George L. Salis ...[ Read More ]

Current leadership theories are outdated; new disciplines and disruptive changes call for a Grand Unified Leadership Theory. ...[ Read More ]

Ten years ago the search for talented individuals hit newspaper headlines. Initially this focused on the shortage of knowledge workers in the information and communication sectors. Recently the focus has shifted to include a growing shortage of business managers as nations deal with the twin impact of ageing populations and the retirement of senior managers in the baby-boomer generation. ...[ Read More ]