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Executive Compensation Bonuses

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.

  • LONDON, May 18- Insurers in over 100 countries face a "once in a lifetime" accounting change from January 2021 with the introduction of a uniform international book-keeping standard, details of which will be published on Thursday. The new rule from the International Accounting Standards Board will affect 450 listed insurers who manage $13 trillion in assets.

  • EDINBURGH/ LONDON, May 11- Royal Bank of Scotland Thursday defended its new executive pay plan at its annual shareholder meeting on Thursday after some investors criticised the policy for still being too generous. Pensions and Investment Research Consultants and Institutional Shareholder Services, two leading advisory groups, had urged shareholders to...

  • EDINBURGH/ LONDON, May 11- Royal Bank of Scotland on Thursday defended its new executive pay plan after some shareholders said they would vote against the policy at the annual general meeting. "The time is right for a new, simpler approach, developed specifically to align with RBSs culture and our thinking on pay," Sandy Crombie, the chairman of RBS's remuneration...

  • BOSTON, April 21- A high-stakes shareholder vote at Wells Fargo& Co next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser wields enough clout to help oust most of its board. In one of its toughest shareholder notes, Institutional Shareholder Services...

  • LONDON, April 18- Accounting practices at the London Metal Exchange were "extremely lax", a court heard on Tuesday, as a former accountant was sentenced to 32 months in prison for using LME credit cards to pay for luxury holidays and home improvements. Annmarie Norris worked her way up at the LME, the world's biggest market for industrial metals, to head the...

  • April 13- American International Group Inc's board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company's dismal financial performance roiled shareholders, according to a proxy filing on Thursday. The figure includes his $1.6 million base salary, longer-term incentive pay in stock worth...

  • LONDON, April 13- Pressure on British companies to ditch a common performance-related bonus scheme blamed for generating excessive executive pay has not stopped many firms from planning to stick with such schemes for another three years, a Reuters analysis shows. Lawmakers in Britain last week recommended LTIPs be phased out from 2018, while Norway's...

  • ZURICH, April 7- Shareholder advisory firm Ethos rejected all Credit Suisse's executive pay plans and called for top management changes on Friday, adding to pressure on Switzerland's second-biggest bank over "excessive" remuneration. Ethos, with more than 200 Swiss pension funds and institutions, followed Glass Lewis in recommending its members reject...

  • *CEO remuneration package to fall by nearly $8 mln. LONDON, April 6- BP has cut Chief Executive Bob Dudley's pay package by 40 percent to $11.6 million, the company said on Thursday, the latest British bluechip company to rein in executive pay after shareholder revolts. Shell's Ben van Beurden was awarded an 8.263 million euro pay package for 2016, a 60 percent jump...

  • MILAN, March 30- Three employees of BT Group's Italian unit warned their Madrid- based supervisor in November 2015 about possible accounting problems at BT Italy, one of the three said, a year before the phone company revealed financial irregularities at the division. BT, one of Britain's oldest companies, said last October it had discovered "inappropriate...

  • *Credit Suisse CEO Thiam received 11.9 mln Sfr for 2016. ZURICH, March 24- Credit Suisse Chief Executive Tidjane Thiam's pay for his first full year in the job swelled to 11.9 million Swiss francs, while bonuses rose 6 percent despite back-to-back annual losses at Switzerland's second-biggest bank. Executive pay is a hot-button issue in Switzerland, with voters...

  • NEW YORK, March 15- Wells Fargo& Co's board of directors awarded Chief Executive Timothy Sloan $12.8 million for his work last year, a 17 percent increase, despite scrapping executive bonuses in light of an accounts scandal that rocked the bank last year, according to a proxy filing on Wednesday. He took over after his predecessor, John Stumpf, resigned in light of...

  • NEW YORK, March 15- Wells Fargo& Co's board of directors awarded Chief Executive Timothy Sloan $12.8 million for his work last year, a 17 percent increase, despite scrapping executive bonuses in light of an accounts scandal that rocked the bank last year, according to a proxy filing on Wednesday. He took over after his predecessor, John Stumpf, resigned in light of...

  • NEW YORK/ FRANKFURT, March 14- Deutsche Bank is replacing its U.S. chief Bill Woodley with the global head of its stock-trading business, Thomas Patrick, people close to the matter said, in a sign of its intent to restructure its Wall Street business. The bank announced earlier this month that Chief Executive John Cryan would personally oversee the bank's U.S....

  • BERLIN, March 9- Volkswagen plans to scrap bonus payments for members of its supervisory board, it said on Thursday, the latest sign of belt-tightening as the German carmaker grapples with the cost of its emissions scandal. Supervisory board members have agreed to accept only fixed salaries in future and scrap bonuses, a spokesman said, citing a proposal by the...

  • Google's Waymo staffers quit after multimillion-dollar paychecks

    Long-time workers of the company's car project leave after huge pay.

  • Feb 10- Former American International Group Inc Chief Executive Maurice "Hank" Greenberg admitted to his involvement in two fraudulent reinsurance deals as part of a settlement of an accounting fraud lawsuit, New York Attorney General Eric Schneiderman said on Friday. The lawsuit was brought in 2005 after AIG said it had engaged in certain improper...

  • Spend your year-end bonus in smarter ways

    Experts suggests using the extra income to tackle debt or beef up your emergency fund.

  • Deutsche Bank's proof is in the pudding: Analyst

    Gildas Surry, partner at Axiom Alternative Investments, discusses Deutsche Bank's unexpectedly positive third-quarter earnings.