NEW YORK, Sept 29- The New York judge weighing whether ex-AIG chief Maurice "Hank" Greenberg should be liable for accounting fraud on Thursday pressed the 91- year-old executive about why AIG had created an offshore entity for losses from a failed automotive warranty program. Greenberg was on the stand for the third day for allegedly engineering the offshore...
Sept 27- Wells Fargo& Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Carrie Tolstedt, the former head of the retail division at the centre of a burgeoning sales scandal, has left the company ahead of...
LONDON, Aug 22- Plans by British Prime Minister Theresa May to give shareholders more powers to curb top executives' pay could prove unpopular with some big investors, and some industry analysts say they may have little impact. BP and WPP were among major companies to face high-profile revolts at shareholders' meetings this year, reflecting broader anger at...
LONDON, Aug 22- British Prime Minister Theresa May's ambitious plans to curb excessive pay for top company executives could prove unpopular with some big investors and may in the end have little impact. BP and WPP were among major companies to face high-profile revolts at shareholders' meetings this year, reflecting broader anger at inequality that helped...
One of the U.K.’s best-known fund managers has scrapped bonuses at his investment management firm, saying there is little correlation between bonuses and performance.
TOKYO, June 8- Suzuki Motor Corp patriarch Osamu Suzuki is stepping down as chief executive and the Japanese automaker promised to cut executive pay and slash 2015 bonuses after the bruising admission of major flaws in its fuel tests. Executive Vice President Osamu Honda, who also served as chief technical officer, will retire, taking responsibility for the...
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...
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.
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.