Tag: executive pay

  • The Man with the $200 Million-a-Year Paycheck

    The Man with the $200 Million-a-Year Paycheck

    Is Bill Gross worth the bucks? Not according to a top colleague.

    Pimco’s Bill Gross may be the Bond King of the financial world but he’s no Secretariat, says a top colleague. In fact, his job performance lately has been mediocre. Continue Reading

  • 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... Continue Reading

  • Citigroup Investors Give Thumbs-Down To Exec Pay

    Citigroup Investors Give Thumbs-Down To Exec Pay

    By Pallavi Gogoi NEW YORK -- Citigroup has become the first Wall Street bank to get a thumbs-down from shareholders over outsized executive pay. At its annual meeting Tuesday, 55 percent of the bank's shareholders voted against the pay packages that have been granted to Citigroup's top executives,... Continue Reading

  • Crisis-Hit Tokyo Electric to Cut Top Exec Pay by Half

    Crisis-Hit Tokyo Electric to Cut Top Exec Pay by Half

    Tokyo Electric Power said it would cut the total compensation of its president, chairman and other top executives by half as it grapples with the world's worst nuclear crisis in 25 years at its Fukushima Daiichi plant. The company, which is seeking government help to foot a massive bill to compensate local... Continue Reading

  • CEO Salaries: Bloated or Justified?

    CEO Salaries: Bloated or Justified?

    According to the Economic Policy Institute, a Washington-based research group, in 2005, the average CEO in the United States earned 262 times the pay of the average worker, the second-highest level in the 40 years for which data exist. In 2005, a CEO earned more in one workday (there are 260 in a year) than an... Continue Reading