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News & Information

News and Information

April 15, 2015 Best boss in America? CEO raises firm's minimum wage to $70k after reading study on happiness

Source: Telegraph

The boss of a technology start-up in Seattle shocked his employees by announcing he was taking a massive pay cut in order to raise the salaries of the firm's lowest-paid staff.

April 14, 2015 Glassdoor: These Are The 15 Highest Paying Companies in America

Source: Bloomberg

If you want a starting, all-in salary of $140,000 or more, you might want to look at these companies, according to a new report from online career community Glassdoor. The list of 15 firms is dominated by the technology,...

April 2, 2015 U.S. says HSBC must do more to improve compliance

Source: Reuters

HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of Justice said on Wednesday.

April 2, 2015 Why Morgan Stanley CEO's $23.5 million payday is bad news

Source: Fortune

James Gorman, CEO of the banking giant, got a big raise last year while his peers got little or nothing. For Morgan Stanley’s CEO James Gorman, playing it safe is clearly paying off.

April 1, 2015 Here's How Top Female Executives End Up Getting Paid Less Than Men

Source: Bloomberg

A researcher at the Federal Reserve Bank of New York and colleagues in academia are out with a new paper on gender differences in compensation for executives. They analyzed pay for chairs/chief executive officers, vice chairs,...

April 1, 2015 UBS publishes agenda for the first Annual General Meeting of UBS Group AG

Source: Business Wire

Shareholders at this year's UBS Group AG Annual General Meeting (AGM) in Basel will for the first time be able to decide on compensation for members of the Board of Directors (BoD) and Group Executive Board (GEB). In addition,...

March 30, 2015 Dodd-Frank co-author disappointed on pay votes, cites fund managers

Source: Reuters

An architect of the shareholder votes companies hold on executive compensation said he is "disappointed" they have not led to more changes, noting that wealthy mutual fund company leaders make weak overseers of CEO pay.

March 27, 2015 Executive Job Hopping Boosts Pay for Ex-Colleagues

Source: CFO

According to a new study published in Journal of Accounting and Economics, companies “dramatically” raise pay for their remaining executives after losing executives in a job-hopping event, the idea being to discourage others from...

March 27, 2015 Google CFO Porat To Get $70 Million In 2 Years

Source: Huff Post

Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, more than $70 million in the next two years through a combination of restricted stock units and a biennial grant.

March 25, 2015 Verizon down in 2014 but execs way up

Source: CRC Wireless

Despite a down year financially, Verizon Communications’ executive compensation packages increased in 2014. According to a proxy filing, Verizon CEO Lowell McAdam pocketed $18.3 million in total compensation last year, including...

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