Things are looking up for Iraq and Afghanistan war veterans.
Over the past year, 224,000 veterans of those wars joined the workforce, Kyle Stock writes at The Daily. Most of that job growth happened in the past three months, signaling the recent willingness of companies to bring on vets is finally showing up the jobs data.
Companies that hire veterans receive tax breaks of $2,400 to $4,800 per job, a law that was passed last November.
In March, 10.2% of soldiers and sailors who served in those wars were unemployed, down from 11.5% in November before the tax credits were implemented.
Finance firms in particular have a special interest in hiring vets. JPMorgan and Citigroup have joined a national initiative to employ veterans, who are known for their discipline, hard work and commitment to teamwork. Indeed, Citigroup has hired almost 700 veterans over the past year.
The firm, along with four other big banks, is part of Veterans on Wall Street, an organization devoted to providing finance opportunities for former servicemembers.
Correction: Citigroup has hired almost 700 veterans in the past year. An earlier version misstated the number.
Closing Up Shop (Bloomberg)
Ally Financial, the home and auto lender mostly owned by the U.S. Treasury, will fire most of its traders and analysts as the broker-dealer exits mortgage-related activities.
Rising Up (The Guardian)
Some shareholders are line to rebel against Barclays' chief Bob Diamond's 17 million pound compensation package for 2011. Looks like the British public still hasn't gotten used to high pay for bankers.
Mack Attack (NYMag)
Lest you think John Mack is resting on his laurels after he stepped down as chairman of Morgan Stanley, consider his new adventures in the world of tech and private equity.
How to: Healthcare Banking (Mergers & Inquisitions)
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New City, New Job (LinkedIn)
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In Case You Missed It (WSJ)
UBS investment banking president Robert Wolf may not be as close to President Obama as he was in the 2008 campaign election cycle.
Buzz Around the Office
New CGI footage shows the 100-year-old tragedy in digitally-rendered action.
List of the Day: How to Cope
Try the following actions if your boss is an egomaniac who thinks they're right all the time.
1. Deliver your best work so your boss can't find fault with you.
2. Don't try to make them change. They won't.
3. Figure out how to anticipate their needs.
(Source: CBS MoneyWatch)