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Abstract Using a large sample of China’s listed firms between 2005 and 2015, we find that domestic mutual funds have a positive effect on the CEO pay-performance relationship, and this effect becomes stronger when their ownership is higher and closer to the controlling shareholder’s ownership. This effect is stronger in non-state-owned enterprises (non-SOEs), firms facing weaker industry competition incentives, and firms located in more developed regions. However, Qualified Foreign Institutional Investors (QFIIs) do not have such an influence. Overall, our study contends that the effectiv...

CEO Pay Surges In 2020 Despite Pandemic Suffering Compensation jumped, even for the chief executive of a pandemic-battered cruise line, according to a Wall Street Journal analysis. As many Americans struggled during the COVID-19 pandemic, median pay for CEOs at more than 300 of the nation’s largest public companies zoomed to $13.7 million, up from $12.8 million a year earlier, according to a Wall Street Journal analysis. CEO compensation kept climbing, even in industries laid low by the pandemic and at companies where chief executives voluntarily gave up some of their salaries, according to...

A signage at the Lagos State Secretariat, Alausa, the seat of Lagos State Government, where motorcycles are prohibited. An Okada rider and passenger could be seen on the other side behind a red vehicle on Thursday, February 11, 2021… Photo: DENNIS EREZI When the authorities in Lagos State, Nigeria’s commercial capital and one of the country’s most populous states, banned commercial motorcycles and tricycles from major routes in Lagos city, officials said the move was aimed at securing lives and sanitising transportation in the city. Traffic in the city is maniacal, frenzied, time-consum...

Goldman has paid more than $7 billion to US and international regulators over a criminal bribery scheme involving Malaysia's 1MDB fund.

Morgan Stanley CEO James Gorman was paid $33 million in 2020, the bank said in a filing Friday. Gorman's pay rose by 22%, making him the highest-paid CEO of