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.» Read More
ZURICH, Feb 12- Board members of Credit Suisse are taking a 25 percent pay cut and bonuses for top staff are being slashed after a hefty fine from U.S. authorities, the bank said as it also set out a range of measures to tackle the surge in the Swiss franc. Shares in the Zurich- based lender surged more than 9 percent but remained well below their level before the Swiss...
BOSTON, Feb 8- These are nervous times at the top of North America's oil companies. "2014 is going to look like a pretty good year for most," said Mike Halloran, senior partner and executive compensation specialist at the Dallas office of consulting firm Mercer. In dollar terms, energy company CEOs made an average of $7.3 million in 2013 compared with an average of $5.3...
LONDON, Jan 16- Employees should have a say on their bosses bonuses and long-term investors should be rewarded with additional powers and benefits, a senior European Union lawmaker has proposed. The 28- country bloc is revising its rules on shareholder rights to put pressure on companies to focus on long-term sustainable growth and not short-term gains to...
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.
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.