bonus

UBS CEO Paid $9 Million While Laying Off 10,000

UBS CEO Paid $9 Million While Laying Off 10,000

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... Read More »

Barclays CEO Antony Jenkins, Under Fire, Declines $4 Million Bonus

Barclays CEO Antony Jenkins, Under Fire, Declines $4 Million Bonus

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... Read More »

How To Get A Good Raise Next Year, Even When No One Else Does

How To Get A Good Raise Next Year, Even When No One Else Does

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... Read More »

Ex-Barclays CEO, Citing Scandal, Gives Up $31 Million Bonuses, Still Takes Salary

Ex-Barclays CEO, Citing Scandal, Gives Up $31 Million Bonuses, Still Takes Salary

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 bank said... Read More »

Federal Workers Received Whopping $439 Million In Bonuses Last Year

Federal Workers Received Whopping $439 Million In Bonuses Last Year

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... Read More »

The Power Of Recognition In The Workplace [Infographic]

The Power Of Recognition In The Workplace [Infographic]

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... Read More »

CEO John Hammergren: Earning $150 Million Under The Radar

CEO John Hammergren: Earning $150 Million Under The Radar

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... Read More »

The Holiday Bonus: Unexpected But Appreciated

The Holiday Bonus: Unexpected But Appreciated

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... Read More »

New Job? Great! New Job Terms? Get in Writing!

New Job? Great! New Job Terms? Get in Writing!

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.... Read More »

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