Bonus

UBS drew fire on Thursday as it announced it paid CEO Sergio Ermotti almost $9 million in 2012 and welcomed a new investment bank chief with a $26 million package, just as the Swiss bank is in the process of firing 10,000 staff. Executive pay in Switzerland remains a heated issue five years after the near ...

New Barclays Chief Executive Antony Jenkins has opted not to take a bonus for 2012, saying he should "bear an appropriate degree of accountability" for the difficult year his bank endured. Jenkins, who became CEO in August, said he was aware of considerable speculation about his bonus so to avoid further ...

Raises have been minimal, or non-existent from 2010 to 2012, according to a survey from Mercer, a New York human resources consulting firm. Most raises have been in the 2.7 percent range this year -- less than the 2012 cost of living adjustment of 3.6 percent. Clearly, the struggling job market is enabling ...

By the CNN Wire Staff London (CNN) -- Former Barclays bank chief executive Bob Diamond will voluntarily give up bonuses worth $31 million after he resigned in the wake of a rate-rigging scandal, the bank said Tuesday. Diamond will still receive 12 months salary after his resignation last week, the ...

Nearly a quarter of a million dollars. That's how much a U.S. Department of Agriculture employee was paid last year under a presidential program that recognizes exceptional performance on the job. The government worker, a veterinarian, was paid $179,700 in base salary and given a $62,895 "service bonus" for ...

For many Americans, showing up for work each day ensures a steady paycheck and the means to pay bills and other necessities and comforts of life. But while money is a motivating factor for many employees to go to work, it isn't the main driver for how well they perform their jobs, a recent survey ...

The recent recession and ongoing sluggish economy have contributed mightily to ongoing debate about the divide between rich and poor. Growing wage inequality is one of the drivers behind the recent Occupy Wall Street protests that spread across the country and the world. The richest of the rich have been ...

By Debra Auerbach, The Work Buzz Now that Thanksgiving has passed, the countdown to the December holidays has officially begun. Holiday planning has kicked into full gear, as revelers dust off last year's decorations, sort through recipes for the big feast and brainstorm gifts for those hard-to-please ...

With unemployment so high, many people are just excited to get an offer for work. After months and months of searching, it's easy to want to scream, "Yes, I'll take it!" when the first offer comes along. But before you pull that trigger and pack your lunch, make sure you get everything you need in writing. Often, ...