Walter w bettinger ii email etiquette
Theme Banking A war of words is breaking out between two top U. After a series of price-cutting moves from Charles Schwab Corp. Charles Shwab CEO Walt Bettinger II recently took aim at rival Fidelity Investments for what he said was the company's decision to not tell "the whole story" about its payment-for-order-flow arrangements.
Source: AP Photo The practice entails selling retail investors' stock orders to the biggest and fastest trading firms for execution. The involvement of those high-speed trading firms has made payment for order flow a lightning rod on Wall Street.
Payment for order flow has been credited by its supporters for helping lower trading costs for end users, as it subsidizes at least part of the revenue lost when an online broker lowers commission fees. It is supposed to be a test of character. Walter W.
I recently tried it out on my eight-year-old, a New South Wales public school student, and she flunked too. This result, though, is less to do with her moral qualities, I suspect, than her state of residence. Instructions were now delivered via a bureaucratic maze of faxes, phone calls, logbook entries and area manager site visits.
In fact, when I spoke to Tasmanian school cleaner Robert Terry about what his job was like, the theme of name-remembering was one of the first subjects to come up. He has been cleaning primary schools since the s and sees remembering names as a crucial dimension to his work. Robert made great play of walking past him with his drill, an object of fascination to the boy.
The next day he did the same, taking the same screw out of the wall. He repeated the pattern every day until the boy eventually came out from under the desk and allowed him to roll a ball up and down the corridor with him. A week later, the teacher later got in touch to say that the boy had at last spoken. His first word? This peculiar phenomenon is the outcome of an experiment in neoliberal design that was never planned: the privatisation of school cleaning in some states and territories NSW , Victoria, Australian Capital Territory, Northern Territory, Western Australia and South Australia and not in others Tasmania and Queensland in the s.
Outsourcing cleaners has had the unlikely consequence of alienating children from the consequences of some of their actions. Every school principal was now expected to act like the director of a standalone business. At the same time, the total school cleaning budget was slashed to less than half. Paperwork proliferated as more than new cleaning companies were established, each one required to bid for individual contracts with 1, schools.
School principals, most of whom had little business experience, became overwhelmed with a new set of obligations and tended to choose the cheapest tender for each contract. A system that entrenched the cutting of corners, underquoting, exploitation and spooling bureaucracy was born.
Schools that once had seven cleaners were suddenly cleaned by two. Principals unblocked toilets during the day while teachers cleaned schoolyards.
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