Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Netflix shares are cratering after it missed Wall Street's target for international subscriber growth.Investingread more
Billionaire hedge fund manager Ray Dalio just picked gold as a prime long-term opportunity. Here's why one market watcher says he could be wrong.Trading Nationread more
Philip Morris International beat second-quarter earnings and revenue estimates while hiking its full-year forecast as its new tobacco products gain momentum.Health and Scienceread more
Toys R Us is opening two permanent stores in November — at Simon Property Group's Galleria mall in Houston and at Unibail-Rodamco-Westfield's Garden State Plaza mall in...Retailread more
Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy and change executive compensation rules to ensure that bankers...2020 Electionsread more
Netflix blamed its content slate, regional price increases and a 'pull-forward effect' of its strong Q1 growth for the miss.Technologyread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
The pace of companies moving production out of China is accelerating, according to the Nikkei Asian review.Marketsread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Last year's "shareholder spring" has led Britain's largest companies to overhaul their remuneration packages, leaving top executives out of pocket, according to a new report.
Deloitte's annual report into the pay of FTSE 100 directors, published on Tuesday, found that bonuses had fallen on the previous year. The average payout for performance in 2012 was 67 percent of the maximum bonus available, compared with 75 percent in 2011 and 87 percent in 2010. The average maximum bonus available remained at 150 percent of executives' salary, according to Deloitte.
The move came after a number of shareholder revolts over executive pay in 2012. The so-called "shareholder spring" saw two FTSE 100 companies – insurer Aviva and advertising group WPP – fail to get the majority of shareholders to vote in favor of their CEOs' proposed pay packages.
(Read more: Top-paid CEOs are often fired or fined)
"Last year we noted that there was still work to be done on changing both bonus targets and expectations," said Stephen Cahill, partner in the remuneration team at Deloitte. "The lower bonus payouts appear to reflect lower earnings per share growth across FTSE 100 companies. Companies have listened to their shareholders and made a move in the right direction by strengthening the link between pay with performance."
Salary increases were also modest in 2013, according to Deloitte, with an average increase of 2.5 percent, while one third of directors received no pay rise at all.
"It is clear that companies now understand there is no rationale in normal circumstances for giving salary increases to executives that are higher than those given to other employees," Cahill said. "It also does not mean that there should be expectations of salary increases being awarded every year."
(Read more: SEC proposes CEO pay disclosure rule)
During last year's AGM season, there were growing calls for the introduction of clawbacks, which enable companies to reclaim benefits such as deferred shares. A firm could implement this procedure if, for example, an executive's performance was found to have been worse than originally estimated.
The number of companies with clawbacks arrangements in place rose to 80 percent in 2013, Deloitte said, up from 61 percent in 2012 and just 36 percent two years ago.
The report also found that a growing number of companies were measuring their executives' performance over periods of more than three years, with over one-quarter of firms incorporating longer timescales over the last year.
(Read more: Executive pay: Bonuses down, pay freezes up)
Cahill said these changes went some way to explaining why shareholders have been more supportive of executive pay packages this year. So far in 2013, no FTSE 100 company's remuneration package has failed to gain 50 percent of the shareholder vote.
"Our experience suggests that many companies, when they anticipated contentious issues, chose to engage with shareholders earlier and more extensively," he said. "We are starting to see a genuine move towards a stronger alignment between remuneration, company strategy and performance."
—By CNBC's Katrina Bishop. Follow her on Twitter