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  • April 18, 2014
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  1. Business - Companies

    France says dropping idea of cap on executive pay

    Posted May 24th 2013, 11:35am by Reuters

    ... decided to drop a plan to impose a ceiling on executive pay in the private sector, though it will go ahead with a two-year super-tax on firms paying million-euro salaries, Finance Minister Pierre ... euros (HK$10.0 million), which will be paid by the employer,” Moscovici said, asked if a proposed law to cap pay was still in the works. “We will not go beyond that: there will be no specific ...

  2. Business - Companies

    WPP shareholders acquiesce in Sorrell pay row

    Posted Jun 13th 2013, 12:15pm by Reuters

    ... Reuters in London The majority of investors in the world’s biggest advertising agency, WPP, have backed a 17.6 million pound (HK$213.9 million) pay package for Chief Executive Martin Sorrell which had drawn fire from critics of lavish boardroom pay. Some 81 per cent of shareholders voted for the last year executive pay packages, while 19 per cent were against. A figure ...

  3. News - World - SWITZERLAND

    Swiss public backs executive pay curbs in referendum

    Posted Mar 04th 2013, 12:00am by AGENCIES

    ... on 'fat cats' pay Swiss citizens voted yesterday to impose some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote ... month Minder's plan would make Switzerland less attractive to corporations and managers. The Swiss are not alone in their desire to rein in executive pay in the wake of the financial ...

  4. Business - Companies

    Zynga’s new boss to get pay package worth some US$50 million

    Posted Jul 04th 2013, 10:21am by Reuters

    ... Reuters in San Francisco Don Mattrick, the head of Microsoft’s Xbox business who will replace Zynga Inc founder Mark Pincus as chief executive next week, will get a hefty, largely ... million), a sign-on cash bonus of US$5 million (HK$38.8 million) and a this year bonus of US$2 million (HK$15.5 million), or the average bonus of Zynga’s other executives, the company said. ...

  5. Business - Companies

    Google pays its bosses a buck, 4 other executives get US$124m

    Posted Apr 25th 2013, 11:25am

    ... Google chief executive Larry Page and his longtime partner Sergey Brin limited their salaries to US$1 apiece last year, while four other top executives received combined compensation ... billion). The AP’s calculation counts salary, bonuses, perks and stock and options awarded to each executive. ...

  6. Business - Companies - REMUNERATION

    CEO pay in US hit US$9.7m in 2012

    Posted May 25th 2013, 12:00am by AP

    ... Associated Press Shareholder activists say many company leaders are paid beyond what their performance merits Average pay for US chief executives hit US$9.7m in 2012 The head of a typical ... from Equilar, an executive pay research firm. Chief executive pay, which fell for two years during the global financial crisis but rose 24 per cent in 2010 and 6 per cent in 2011, has never ...

  7. Business - Banking & Finance - RECRUITMENT

    EU bonus curbs will mean exodus by Westerners to Asia says recruiter

    Posted Mar 22nd 2013, 12:00am by Enoch Yiu

    ... free-market bastion, is separately reining in executive pay after voters recently backed pay curbs in a referendum. Even without the bonus issue, Hoffmann said, Western executives had of late become ... Enoch Yiu enoch.yiu@scmp.com Job search firm DHR says Western executives are becoming increasingly interested in jobs in the Asian market as times at home get tougher E.U. bonus curbs seen ...

  8. News - Hong Kong - EXECUTIVE COUNCIL

    Revealed: turnout figures for Executive Council meetings

    Posted Apr 15th 2014, 05:19am by Tanna Chong, Gary Cheung

    ... in September last year. His absences were "pre-approved by the chief executive", he said, and he did not receive any pay from Exco during the period. Cheung, head of the One Country Two ... Tanna Chong and Gary Cheung 'Breakthrough' as attendance figures for the Executive Council are released for the first time; one member has a 100 per cent record Revealed: turnout ...

  9. Business - Banking & Finance

    No pay rises for JPMorgan employees on average as legal woes slash bank's profit

    Posted Nov 22nd 2013, 03:44pm by Reuters

    ... results during the last six weeks of the year, said the sources, who spoke on the condition of anonymity. It is not yet clear what chief executive Jamie Dimon’s bonus for this year will be. Pay ... bonuses across all of Wall Street, including large asset management firms, will be up 5 to 10 per cent. Recruiting firm Options Group estimated that average pay will rise 4 per cent. But JPMorgan ...

  10. Business - Companies - E-COMMERCE

    PayPal's mobile commerce push benefits Hong Kong merchants

    Posted Feb 26th 2013, 12:00am by BIEN PEREZ

    ... "We have been investing heavily in mobile commerce and PayPal enables us to offer a 24/7 multi-channel shopping experience to buyers around the world," said Alan Lim, the chief executive ... Bien Perez bien.perez@scmp.com Online traders expect more business as payment service increases coverage Vendors eye boost from PayPal expansion Online merchants may be poised to increase ...




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