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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 York, U.S.,September 9, 2019. REUTERS/Shannon Stapleton The review found that Black, who co-founded Ap...

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 bank said in a filing. In October, the bank agreed to pay a $400 million penalty and draw up a sweepi...

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 of a third director, Andrew Demetriou, the chairman of Crown Melbourne, where the alleged money laund...

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 salary of $1.35 million was slashed by 81% in March, while the base salary of executives was capped at $...