Tuesday, February 24, 2009

GNB Update

Welcome to Tuesday...Here's what making news in Georgia at the moment...

The CEO of one of the nation's premier insurance companies says no to having more money added to his salary.

The Atlanta Business Chronicle reports that Aflac, Inc. chairman Daniel Amos rejected a bonus of $2.8 million for 2008. He had already turned down an estimated $26 million in "golden parachute" parts of his contract. In a related development, President and CFO Kriss Cloninger also cut his bonus by more than a third. That translates to a salary of more than $475,000. Amos earned more than $1 million, while Cloninger got more than $850,000 last year.

Some controversy over newly passed legislation Tuesday. The Georgia Senate voted overwhelmingly to ban sanctuary cities statewide. It calls for state funding or state administered federal funding to be withheld for any local governments that hire illegal immigrants or provide welfare benefits to them. Bill sponsor Chip Pearson of Dawsonville says there about 60 cities in Georgia that have declared themselves sanctuary cities, while Democratic senator Emanuel Jones of Decatur claims there are no such communities within the state. The vote was 37 to nine in favor of passage.

And from the blog files, Peach Pundit has a report on some legislation you may know about, at least not yet.

That's the news. Remember to visit georgianewsbeat.blogspot.com for the freshest Georgia-related news all day, all night. In the meantime, enjoy your Tuesday evening.

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