A Sampling of Vendor News, Tools, and Updates

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Posted To: Pipeline Press

Private education pays well. There were 58 people making over $1,000,000 per year in total compensation as the presidents of private, non-profit colleges in 2015, up from 39 in 2014 and 32 in 2013, according to the Chronicle of Higher Education’s calculations. The average comp to run a school was $570k, up 9% from 2014. At the other end of the scale, President Trump’s Department of Labor has proposed a rule that would allow restaurants to take the tips from servers and redistribute them among un-tipped staff such as dishwashers. But it doesn’t require that those tips be redistributed among un-tipped staff. So legally, if the tipped employees are paid minimum wage, the restaurants can just keep the confiscated money. The Economic Policy Institute estimates that under the new rule, employers…(read more)

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