PARIS, April 29- Renault's board stuck by its decision to pay Carlos Ghosn 7.2 million euros for 2015 in defiance of a non-binding shareholder vote against the chief executive's package on Friday. Shareholders representing 54 percent of voting rights at the French carmaker opposed Ghosn's pay package at its annual meeting. In a hastily convened session after... » Read More
"We are intensely focused on whether companies and their officers evaluate judgmental accounting issues in good faith and based on GAAP," or generally accepted accounting principles, Andrew Ceresney, head of the SEC enforcement division, said in a statement on Tuesday. Logitech's former Chief Executive Officer Gerald Quindlen was not accused of misconduct...
*AGM to take place in London on April 14. LONDON, April 8- Pressure is mounting on BP Chief Executive Bob Dudley as Britain's biggest mutual life and pensions fund, Royal London, said it would vote against his $19.6 million remuneration package at next week's annual general meeting. We will be voting against this proposal, "said Ashley Hamilton Claxton, corporate...
Bonuses in the Big Apple’s securities business tumbled 9 percent to $146,000 on average, New York’s comptroller found. Earnings fell, too.
CNBC's Mary Thompson reports that as corporate profits have fallen since 2014, Wall Street average bonuses have also dropped for the second year in a row.
BOSTON, Jan 22- Viacom Inc said on Friday it cut the pay of its 92- year-old Executive Chairman Sumner Redstone by 85 percent to $2 million last year in light of his "reduced responsibilities." In a securities filing, the media company also said the total compensation of Chief Executive Philippe Dauman was $54.2 million for the fiscal year ended Sept. 30, 2015, up from...
TORONTO/ VANCOUVER, Jan 18- Gold mining companies are running a charm offensive with their biggest shareholders on the thorny issue of executive pay, keen to hold onto investors angry about ongoing generous compensation after four years of dire stock returns. "If you have say-on-pay votes against you and... you're unwilling to change, people vote with their feet,"...
Only 24% of companies offer nonperformance-based bonuses at the end of the year.
Year-end compensation for workers in the financial industry will fall up to 10 percent.
N Chandrasekaran, MD & CEO of Tata Consultancy Services, discusses the better-than-expected net profit for the last fiscal year and explains the motivation behind the one-time bonus for employees.
Compensation rose even as pretax profits at broker-dealer operations of NYSE member firms fell.
U.K. financial sector professionals will have received over £100 billion in bonuses since the beginning of the financial crisis by the end of March. But could hefty bonuses be a thing of the past?
Luke Hildyard, deputy director of the High Pay Centre, says that all companies should be made to reveal what their executives get paid.
Savvy investors plan to spend 2014 bonus checks, according to an E*Trade survey, but only some have really earned the right to do that.
Darren Hayward, head of employment at Nockolds, says there will be a surge in High Court claims because of disappointing Christmas bonuses.
Eamonn Butler, director of the Adam Smith Institute, says that despite recent scandals, most bankers should keep their bonuses and politicians shouldn't get involved with running banks.
A plurality of respondents to a finance industry poll said they expect bonuses to either decline or be non-existent this year.
Adam Zoia, Glocap Search CEO, discusses which types of hedge funds on the Street scored the biggest payouts and which ones fell flat.
The Bank of England's governor Mark Carney expressed concerns about capping bankers' bonuses, just hours after U.K. Prime Minister David Cameron said cash bonuses at the Royal Bank of Scotland would be limited to £2,000 ($3,284).
Bob Parker, senior advisor at Credit Suisse, comments on the U.K government's decision to cap RBS's cash bonus and explains why he thinks it's a "stupid idea."
Ilana Weinstein, IDW Group founder & CEO, takes a look at who is likely to score some hefty cash this holiday season, and compares compensation structures between banks and hedge funds.