September 02, 2014
Finance News in Brief 5/31/11

05/31/2011

News in Brief
Association News: 

Association executives testified recently on President Obama's proposed executive order to compel federal contractors to disclose political contributions. "This type of political information has been intentionally kept out of source selection to ensure a merit-based evaluation and award process, but the order would make disclosure a condition for award," said Alan Chvotkin, EVP, Professional Services Council, Arlington VA. Marion C. Blakey, CEO, Aerospace Industries Association, Arlington VA, agreed, saying, "We cannot support actions that introduce politics into federal contracting." She also noted that the cost would be burdensome for small organizations to set up tracking systems to record all personal political contributions. "They simply don't have the resources to meet this mandate."

Broadsmoore Group, New York, an investment advisory and merchant banking services firm, will give 10% of its annual profit to a charity it has formed, To Be Giving Foundation. The foundation will fund up to three nonprofits and charitable initiatives each year. Details: www.broadsmoore.com.

National Association of Colleges and Employers, Bethlehem PA, reported that new female college graduates earn 17% less than their male counterparts, according to the report "Gender and College Recruiting." Details: http://www.naceweb.org/gender.


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