Executive Pay

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

Don Mattrick helped turn the Xbox business into a profitable venture after years of losses, eventually propelling it into the No.1 selling console in the United States. Photo: Reuters

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 stock-based compensation package of about USUS$50 million in coming years, the company said in a regulatory filing.

Thursday, 4 July, 2013, 10:21am

WPP shareholders acquiesce in Sorrell pay row

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.

13 Jun 2013 - 12:15pm

CEO pay in US hit US$9.7m in 2012

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 been higher.

The head of a typical large public company in the United States made US$9.7 million in 2012, a 6.5 per cent increase from a year earlier that was aided by a rising stock market, according to an analysis using data from Equilar, an executive pay research firm.

25 May 2013 - 2:53am

France says dropping idea of cap on executive pay

French finance minister Pierre Moscovici says the government is talking to the business sector about letting shareholders have a say in director pay. Photo: AFP

The French government has 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 Moscovici said.

24 May 2013 - 11:35am

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

Google co-founder Sergey Brin was paid a meagre US$1 salary last year, according to a regulatory filing. Photo: Reuters

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 packages totaling more than US$124 million.

25 Apr 2013 - 11:56am

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

DHR chief executive Geoff Hoffmann reflects on the employment scene for Western executives in Asia. Photo: Nora Tam

Geoff Hoffmann, who was appointed DHR's chief executive in October, said the recruiter had already noticed a growing trend of European executives looking to work in Asia.

22 Mar 2013 - 4:19am

Don't blame the fat cats. Trail of cream leads back to you

HSBC chief Stuart Gulliver. Photo: Bloomberg

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

European nations and China seek to curb pay for executives and bankers

Illustration: Henry Wong

Sickened by years of financial crises and reports of huge salaries and bonuses for the executives and bankers they say plunged the global economy into chaos, governments and voters around the world are moving to put the fat cats on a pay diet.

8 Mar 2013 - 5:30am

Swiss public backs executive pay curbs in referendum

Thomas Minder. Photo: EPA

The initiative against "fat cats," proposed by Thomas Minder, head of a herbal toothpaste company, was backed by 68 per cent of the voters in a referendum yesterday, the government said.

4 Mar 2013 - 5:13am