Today’s Federal Register is here. The MotleyFool.com and the Wall Street Journal have pointed us to the fact that Alan Greenspan will soon be appearing in television ads pointing us to FederalReserveEducation.org and advocating better financial education for Americans. “No matter who you are, making informed decisions about what to do with your money will help build a more stable financial future for you and your family,” Mr. Greenspan says on the home page of the website. Hidden within the pages is this insightful graph showing the decline in personal savings rates of Americans from 1959 to 2001. Another article in a similar vein from the Wharton School of the University of Pennsylvania: “Will Baby-Boomers? Retirement Years Go Bust from a Lack of Savings?”
Matthew Yi with the San Francisco Chronicle at SFGate.com reports on the recent defeat of a shareholder proposal to expense stock options at Intel. The results were close with 47.55% of shareholders voting in favor of the proposal. The article quotes Mark Rubenstein, a professor at UC Berkeley’s Haas School of Business, as saying that stock option expensing will have minimal effect on a company’s share price for reasons explained in the article. Also, Chris Gaither with the Boston Globe at Boston.com has this to say: “High-tech firms cut stock options.”