The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
Detroit's mayor slashed wages and reduced benefits for city workers Wednesday without any collective bargaining, one of the most severe steps taken so far as officials grapple with a crisis that has pushed the city to the brink of financial ruin.
Unions angry that Detroit is trying to mend its financially-battered books by laying off hundreds of workers and imposing steep contract concessions on those who remain are considering an illegal strike.
The city of Detroit could move to avoid a state-appointed emergency manager and craft a deal with the state to guide its troubled finances as early as Wednesday.
Municipal union workers say they've been backed into a corner by the consent deal that would nullify recently ratified pay, benefits and pension concessions.
Proposed cuts to pension payouts and health care would save Detroit about $120 million annually over four years and help leave the city with a budget surplus of $89 million, according to Mayor Dave Bing's deficit elimination plan.
Chuck Salley's career as a sales and marketing executive ended in early retirement. His latest career is taking the late-stage entrepreneur into the biofuel field.