Rob Smith, editor of the Portland Business Journal, returns for our regular business chat. We’ll discuss a variety of topics, but we’re focusing on layoffs at Bank of America and compensation for public employees.
On Monday, Bank of America announced that it would cut 30,000 jobs as part of a plan to reduce expenses by $5 billion by 2014. We’ll find out what impact these cuts will have on Oregon, where Bank of America is the second largest bank by deposit.
A new database the journal is working on will catalog how much government employees at Metro, Multnomah County, and the City of Portland earn. The database will also cover the pay of CEOs at some of Oregon’s publicly traded companies. The Portland Business Journal will release the database on Friday.
What changes have you noticed lately in Oregon’s business world? What use do you see in a database that shows how much public employees earn? Do you expect to be affected by layoffs at Bank of America?
- Rob Smith: Editor of the Portland Business Journal