Personnel
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Court-ordered settlement talks between the state and Rhode Island public employees and retirees over cuts in pension benefits have broken down, sending the dispute to trial, both parties in the case said Friday. more
Alex and Ani LLC CEO Giovanni Feroce has left the company, according to a release issued Thursday afternoon, leaving founder and creative director Carolyn Rafaelian to assume the role of interim CEO while the board of directors conducts a search for a replacement. more
Some U.S. workers who are deemed ineligible for overtime compensation under what’s known as the “white-collar exemption” would be able to collect extra pay under revised regulations President Barack Obama plans to order tomorrow, according to a White House official. more
Private-industry employer costs for employee compensation in New England inched downward in December, dropping 8 cents per hour to an average of $34.40 per hour, but remained the highest in the U.S., according to a quarterly U.S. Bureau of Labor Statistics report issued Wednesday. more
Wall Street’s bonus pool rose 15 percent to $26.7 billion in 2013 as profits from broker-dealer operations on the New York Stock Exchange fell 30 percent, according to estimates by New York state Comptroller Thomas DiNapoli. more
Rhode Island placed No. 10 in a study that ranked the 10 U.S. states with the highest percentage of top-rated 401(k) retirement plans. more
The Rhode Island Foundation is in the process of hiring a new chief financial officer. Michael Jenkinson, the Foundation’s former senior vice president and CFO, has since joined Chaput & Feeney LLP in East Providence. more
Cox Communications said Wednesday it would cut as many as 234 jobs from its residential customer service call center in West Warwick, potentially reducing the size of its workforce in Rhode Island by about 20 percent. more
The Wheaton College Board of Trustees has appointed Babson College Provost Dennis Hanno as Wheaton’s new president, effective July 15. more
Fitch Ratings affirmed its “AA” rating and stable outlook on Rhode Island in light of last week’s announcement that a settlement reached between the state and public employee unions on pension reform would increase Rhode Island’s unfunded pension liability by $232 million. more
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