Page 4 - Management Pay News Today

3 Min Read (Reuters) - Apollo Global Management Inc said on Thursday it had appointed former U.S. Securities and Exchange Commission (SEC) chief Jay Clayton as its lead independent director to improve corporate governance in the wake of an inquiry into Chairman Leon Black’s ties to late financier and convicted sex offender Jeffrey Epstein. FILE PHOTO: Jay Clayton, Chairman of the U.S. Securities and Exchange Commission, speaks at the Economic Club of New York luncheon in New York City, New Yo...

McDonald's Corp on Thursday said it will tie executive bonuses to new goals for diversifying the company and for the first time publicly release demographic details of its workforce.

2 Min Read (Reuters) - Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat’s compensation for 2020 would be $19 million, a 21% decrease from 2019, according to a regulatory filing. FILE PHOTO: The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha/File Photo Company directors reduced Corbat’s incentive pay for his failures to efficiently address the risk and control concerns of regulators, the b...

3 Min Read SYDNEY (Reuters) - Australia’s Crown Resorts said it was still considering the position of Chief Executive Ken Barton at the casino operator after an inquiry into money laundering allegations found he was not fit for the job, putting its gambling licence in jeopardy. FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed The statement came in tandem with the resignation o...

By Reuters Staff 2 Min Read (Reuters) - Occidental Petroleum Corp said on Thursday it had restored a major portion of its chief executive officer’s base salary, nearly a year after its management and employees were to forced to take a pay cut to battle one of the industry’s worst downturns. CEO Vicki Hollub’s salary was restored to $1 million, effective Jan. 1, 2021, with the move coming at a time when U.S. crude prices have touched a year high and are near $60 per barrel. Hollub’s sala...

* UniCredit had been discussing possible MPS deal * Treasury official says Orcel ‘well regarded’ in Rome (Adds Santander, Orcel lawyer on lawsuit) MILAN, Jan 26 (Reuters) - UniCredit is set to name Andrea Orcel as chief executive, a person familiar with the matter said on Tuesday, putting one of Europe’s best-known dealmakers at the helm just as the coronavirus crisis is pushing banks to merge. Orcel’s nomination would mark a return to the top tier of finance for the Italian, who left h...

By Reuters Staff 6 Min Read WASHINGTON (Reuters) - Several of President Joe Biden’s nominees to head key U.S. agencies are selling stock holdings and pledging to seek ethics waivers if they have to oversee matters in which they have had personal interests, according to new filings with the Office of Government Ethics. FILE PHOTO: U.S. President Joe Biden speaks with House Democratic leaders and chairs of House committees working on coronavirus disease (COVID-19) aid legislation during a meeti...

By Reuters Staff 6 Min Read WASHINGTON (Reuters) - Several of President Joe Biden’s nominees to head key U.S. agencies are selling stock holdings and pledging to seek ethics waivers if they have to oversee matters in which they have had personal interests, according to new filings with the Office of Government Ethics. FILE PHOTO: U.S. President Joe Biden speaks with House Democratic leaders and chairs of House committees working on coronavirus disease (COVID-19) aid legislation during a meeti...

Swiss bank UBS is looking to raise the bonus pool for its investment bankers by as much as 20% after a surge in trading revenue helped it post the highest profit in five years, Bloomberg News https://bloom.bg/3rrTGCs reported on Friday, citing people with knowledge of the...

Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million, or 22%, last year, according to a regulatory filing released on Friday.