A cultural aversion to defined benefit pension plans
The widespread and continued closure of defined benefit plans have made for a climate of uncertainty and aversion amongst participating companies and members alike. According to reports from the...
View ArticleShould defined contributions be re-distributed?
The Lords Select Committee said the process of saving for pensions does not correlate with the post-retirement payouts. “The current DC pensions system is not fit for purpose for anyone who is not...
View ArticleChurchill Mining grants 5.4 million share options
Churchill Mining has extended 5.4 million share options to its directors, executive management and consultants. The corporation, whose primary activity is in coal mining, has stated for the new options...
View ArticleCourt rules “unenforceable” arbitration
The long-running case of Compton vs AMS has had a breakthrough as the Second Appellate District court ruled that the arbitration agreement signed by Compton is ‘unconscionable’ and therefore...
View ArticleGunaxi: Bribe or gift?
A failure to understand local traditions has lead to several US-based companies infringing laws laid out by the SEC. Under the Foreign Corrupt Practices Act, anti-bribery previsions mean offering a...
View ArticleGoldman directors award continual performance
In his first letter to shareholders James J Schiro, Goldman Sachs lead outside director claimed the board remained ‘very focused’ on the company’s reputation and detailed the compensation packages for...
View ArticleShareholders reject Julius Baer pay report
The ongoing row over executive pay in the European banking industry continued in April when shareholders at Switzerland’s third largest wealth manager rejected the company’s remuneration report. In a...
View ArticlePerks and fringe benefits grow for C suite
As shareholders and the general public look closer at personnel returns, many CEOs have been forced to trim their salaries. But research by Equilar for The New York Times reveals that some executives...
View ArticleOXY’s chairman ousted by shareholders
After having been opposed by 76 percent of shareholders on their considering his re-election, Occidental Petroleum’s (OXY) chairman, Ray Irani has been shown the door. Though not without taking a...
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