NewsFeeds 3.18.09

Firms had backed Bottom stadium (Times-Dispatch)
The same firms hired by Richmond to analyze a proposed $363 million development, including a new baseball stadium in Shockoe Bottom, already endorsed the concept in a study produced for the city six months ago.

Robatel Industries technology firm to set up hub in region (Roanoke Times)
A French company is expanding its presence in the United States by establishing a headquarters in the Roanoke Valley. Robatel Industries, a design engineering company that supports the commercial and nuclear defense industry, is in the early stages of establishing a subsidiary in the Roanoke area called Robatel Technologies LLC.

Paying Workers More to Fix Their Own Mess (NY Times)
Ah, retention pay. It has been one of the great rationales for showering money on chief executives and bankers regardless of how well they are doing their jobs. It’s just that the specific rationale keeps changing.Nothing highlights the fiction of performance-based pay quite so well as retention bonuses. It turns out that, at least for chief executives, retention bonuses are almost entirely unnecessary.

The Real AIG Scandal (Slate)
It’s not the bonuses. It’s that AIG’s counterparties are getting paid back in full.

Tax Advice from a Former IRS Auditor (Business Week)
Small businesses face a relatively higher risk of audits than individuals. Here are some pitfalls to avoid to make sure your returns are accurate.

Don’t Fall Victim to the Triangle of Entrepreneurial Finance (Entrepreneur)
Your business finances impact your personal finances. Read more to discover how to manage them together.

Firms had backed Bottom stadium (Times-Dispatch)
The same firms hired by Richmond to analyze a proposed $363 million development, including a new baseball stadium in Shockoe Bottom, already endorsed the concept in a study produced for the city six months ago.

Robatel Industries technology firm to set up hub in region (Roanoke Times)
A French company is expanding its presence in the United States by establishing a headquarters in the Roanoke Valley. Robatel Industries, a design engineering company that supports the commercial and nuclear defense industry, is in the early stages of establishing a subsidiary in the Roanoke area called Robatel Technologies LLC.

Paying Workers More to Fix Their Own Mess (NY Times)
Ah, retention pay. It has been one of the great rationales for showering money on chief executives and bankers regardless of how well they are doing their jobs. It’s just that the specific rationale keeps changing.Nothing highlights the fiction of performance-based pay quite so well as retention bonuses. It turns out that, at least for chief executives, retention bonuses are almost entirely unnecessary.

The Real AIG Scandal (Slate)
It’s not the bonuses. It’s that AIG’s counterparties are getting paid back in full.

Tax Advice from a Former IRS Auditor (Business Week)
Small businesses face a relatively higher risk of audits than individuals. Here are some pitfalls to avoid to make sure your returns are accurate.

Don’t Fall Victim to the Triangle of Entrepreneurial Finance (Entrepreneur)
Your business finances impact your personal finances. Read more to discover how to manage them together.

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