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... » Read More
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.
Brian Caplen, Editor of The Banker, tells CNBC that it is a step in the wrong direction for governments to dictate how much salaries people should be paid.
Two of every five Wall Street workers are ready to head elsewhere, and higher pay may not even help.
European Union ministers are meeting to consider placing a cap on banker bonuses. Could the bonus cap happen here in the U.S.? John Liu, New York City Comptroller, weighs in.
Jon Terry, partner in reward and compensation at PWC, tells CNBC that caps on bankers' bonuses which will prevent pay from being linked to performance, are undoubtedly a bad thing for the industry.
Allister Heath, editor of CityAM, tells CNBC why the Swiss pay vote is far more sensible than a "disastrous" potential EU cap on bankers' bonuses.
Alex Deane, head of public affairs at Weber Shandwick and Louise Rouse, director of engagement at Fair Pensions, discuss the proposed European bonus cap.
Cyrus Daruwala, Managing Director, Asia Pacific, IDC Financial Insights discusses the implications of banking bonus cuts on financial institutions like HSBC & Standard Chartered.
Swiss citizens voted on Sunday to impose some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation, result projections showed.
Martin Sorrell, CEO of WPP, tells CNBC, that the European banker bonus caps are a sign of the times.
Bankers' bonuses are to be capped at two times bankers' salaries and banks will be subject to a strict transparency regime, under a provisional EU deal that includes minimal concessions to cushion the pay crackdown. The Financial Times reports.
CNBC's Kate Kelly reports according to New York State Comptroller, Thomas DiNapoli, bonuses on Wall Street rose to a total of $20 billion in 2012.
John Van Reenen, director of Centre for Economic Performance at LSE, tells CNBC why he is in favor of rewards in the financial sector being based on long term success, not short term risk.
Davide Serra, founding and managing director at Algebris Investments, tells CNBC that banks must cut compensation in order to build capital.
Goldman Sachs awarded a dozen senior executives more than 700,000 restricted shares worth nearly $100 million as part of their 2012 bonus awards.
Joris Luyendijk, anthropologist and journalist at the Guardian discusses the social behavior of bankers and suggests that they are a form of 'tribe' and bonuses are the 'totem pole they dance around'.