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...» Read More
Oct 5- DuPont Chief Executive Ellen Kullman is stepping down this month and will replaced temporarily by board member and veteran U.S. executive Edward Breen, who oversaw the break-up of conglomerate Tyco International. Shares of DuPont, officially known as E.I. du Pont de Nemours& Co, rose 5.6 percent to $54.17 in extended trading. Kullman, 59, joined the company...
CHICAGO, Sept 9- U.S. grain handler The Andersons Inc, long considered a takeover target in the agribusiness industry, named a vice president from larger rival Cargill Inc as its new chief executive on Wednesday. Patrick Bowe, who was a corporate vice president for Cargill and a leader of its food ingredients unit, will replace Michael Anderson, who has been...
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.
Elie Mystal, Abovethelaw.com editor, and David Lat, AbovetheLaw.com founder & managing editor, discuss why law firms will be trimming bonuses this year.
Chris Skinner, chairman of the financial services club, tells CNBC that the UK won't be able to compete with Asia and the US if a bonus cap comes into law.
Bob McKee, chief economist at Independent Strategy, tells CNBC that only a few individuals would have their bonuses capped under a proposed EU measure and they would be predominantly in the UK.
The Squawk Box Europe team have a heated debate about whether a law that would cap bankers' bonuses is compatible with capitalism.
The bonus system is no longer fit for purpose and should be scrapped. No bank will ever be brave enough to do this on its own, but it would only take one to open the floodgates.
Nasdaq OMX Group said it slashed the 2012 annual bonus of Chief Executive Robert Greifeld by $542,100 over the botched handling of Facebook's initial public offering last year.