How Diversity Makes a Team Click

WHEN consultants at Bain & Company are transferred to the Delhi office, they don’t pack just their BlackBerrys and toothbrushes. Each one also receives a copy of a manual written by consultants who are, or have been, posted there. It spells out in precise...

Gender Pay Gap? The Retirement Gap’s Even Worse

Try describing the financial gap between men and women, and 78 cents probably comes to mind. That’s what a woman earns for every dollar a man brings home, and it is publicly noted every year on Equal Pay Day. But the gender pay gap pales in comparison to a...

4 Simple Moves to Make Your Money Safer

Consumers were rightly shocked by the news that Wells Fargo will be paying $185 million in fines and penalties for opening accounts for customers without their knowledge. But the scamming was not the only unnerving part of the announcement. Wells Fargo employees had...

Why Millennial Women Don’t Save

Millennials have it bad, from student loan debt to a sluggish job market to cutting commentary about their arrogance and entitlement. But millennial women have another problem: They aren’t saving, or at least not nearly as much as their male counterparts. A...

Gender Pay Gap Hurts More Than Your Paycheck

Women, it’s time take stock. Tuesday is Equal Pay Day, the date in 2016 that marks how far into this year women must work to earn just what men earned in the previous year. But before you get too comfortable, consider this: that gender pay gap has implications...

Out of Retirement and Into Uncertainty

THINK of retirement and a picture emerges of a grand send-off at the office, followed by travel, hobbies, grandchildren, and a pension and a Social Security check to pay for it all. But after awhile, the retirement fund may start to feel a little skimpy, or the golf...

For Millions, 401(k) Plans Have Fallen Short

You need to know this number: $18,433. That’s the median amount in a 401(k) savings account, according to a recent report by the Employee Benefit Research Institute. Almost 40 percent of employees have less than $10,000, even as the proportion of companies...

Is It Time to Retrain B-Schools?

John Thain has one. So do Richard Fuld, Stanley O’Neal and Vikram Pandit. For that matter, so does John Paulson, the hedge fund kingpin. Yes, all five have fat bank accounts, even now, and all have made their share of headlines. But these current and former giants of...

Smoothing the Way to Self-Employment

BEING your own boss. Hanging out your shingle. Striking out on your own. In a society that reveres rugged individualism, self-employment has always had a certain allure. In fact, each month from 2002 through 2007, just under 300 of every 100,000 adults in the United...

5 Crucial Retirement Years for Your Money

Picture your first years in retirement and a lot of happy images probably come to mind: fun times with the grandkids, long-postponed travel and days free of deadlines and schedules. Sure enough, a recent survey found that roughly 90 percent of current retirees say...