The European Banking Authority, which sets the rules for banks in the 27 European Union countries, is thought to have approved proposals that would require a cap on bonuses for anyone whose pay is more than €500,000 (HK$5 million).Sunday, 19 May, 2013, 9:23am 1 comment
Former fashion jewellery saleswoman Rebecca Gonzales and former chief executive Ron Johnson have one thing in common: JC Penney no longer employs either.2 May 2013 - 3:47am
It's no fun being a top executive these days. Whether it's Europe, China or even the United States, increasingly tough limits are being placed on executive compensation, sometimes with the full force of new legislation.13 Mar 2013 - 3:00am
Let's put some perspective on this howl of outrage. HSBC chief executive Stuart Gulliver, for instance, got total compensation last year of US$14.1 million or 0.068 per cent of the bank's pre-tax earnings of US$20.6 billion.10 Mar 2013 - 2:52am 12 comments
Sixty-eight per cent of Swiss voters have backed a constitutional amendment on "fat cat" pay. Sunday's verdict was clear: shareholders of publicly listed companies will have a binding say on pay.6 Mar 2013 - 2:51am
The directors of Barclays Bank are probably still recovering from what must rate as one of the bank's most troubling annual meetings. One-third of the shareholders voted against the board's remuneration report and witnessed the chairman, Marcus Agius, pledging to cut executive pay and distribute more cash to shareholders.7 May 2012 - 12:00am
Everyone around the world is getting a prenup, but not in Hong Kong. It's not a pretty idea, but is eminently sensible. Indeed, the notion is so powerful there ought to be a mandatory corporate version for companies when they hire CEOs. That might help in corporate 'divorces', where many companies have had to shell out tens of millions just to sack incompetent executives.14 Nov 2011 - 12:00am
What gets you out of bed in the morning? If you are an executive or director in Hong Kong, it could be your short-term incentive (STI) compensation plan.
The proportion of the 2010 rise in executive compensation made up by STIs - annual bonuses and the like - was one of the most notable features of Ernst & Young's 2011 China and Hong Kong executive compensation report.3 Sep 2011 - 12:00am
Shades of Miranda Priestly in Prada's IPO media chief9 Jun 2011 - 12:00am
Pay is always a hot topic on the mainland. This week the spotlight has been squarely on China Mobile, the country's largest phone operator.
On Wednesday a newspaper reported the State Asset Supervision and Administration Commission had ordered the company to cut pay rates by 10 per cent a year for the coming five years.27 Feb 2010 - 12:00am