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...Moves include the departure of the bank’s group chief legal officer and general counsel, Gideon Moore, and the exit of its director of strategy and corporate development, Matt Austen, according to a note...
...and nominating committees.In early April, as part of flotation preparations, one of Marc’s brothers and two of his cousins left its now 13-person board and were replaced by two new independent directors...
...The bank also appointed another Goldman veteran, Tom Montag, chair of the risk committee....
...Applications opened this month to replace senior independent director Ben Tidswell, a lawyer who chaired the committee overseeing two Horizon compensation schemes....
...He officially stepped down as Morgan Stanley chief executive at the start of the year and was replaced by Ted Pick, though he remains executive chair of the bank’s board of directors....
...Despite the recommendation against his pay, ISS recommended that shareholders should support Calhoun for re-election to the Boeing board, as well as the other directors who are facing a vote, including aerospace...
...In deciding Fraser’s pay, Citi said the compensation committee at its board of directors had also considered “competitive market levels of pay for CEOs of peer institutions”....
...Previously, he was governor of the Bank of Mexico, and on the board of the IMF....
...the variable compensation of several current and departed Management Board members”....
...In March, Phillip Swagel, director of the US Congress’s independent fiscal watchdog, told the Financial Times that America risked a Liz Truss-style market shock with its soaring debt pile....
...But Abel won’t be “handcuffed” by the board, director Ron Olson said before the AGM. “Both Warren and Charlie were very clear on this,” a current Berkshire employee told DD’s Platt....
...BP board member Tushar Morzaria, who was previously group finance director at Barclays, will take up Reynolds’ role as chair of the remuneration committee on an interim basis....
...Proxy advisers are used to being caught in the crossfire between boards and shareholders....
...Bank leaders spend a lot of time ensuring smooth transitions and forestalling open displays of acrimony. As president Lyndon Johnson said in declining to remove FBI Director J....
...He said ‘I’m not being supported by the board . . . I’m going to resign’,” Staunton told the committee....
...Belloni, who has worked at Arnault’s side for 23 years, will step back from his role as group managing director and chair of the executive committee....
...Boeing burnt through almost $4bn of cash in the first quarter after it slowed down production lines and paid $443mn in compensation to aircraft customers in the aftermath of a mid-air accident on one of...
...Tidswell chairs the committee overseeing two compensation schemes for affected sub-postmasters and is also a member of the remuneration committee....
...But what will make a real difference is when Judge McCormick’s mindset permeates the decisions of compensation committees....
...A person close to the FDIC’s management said the board has not held discussions as to whether Gruenberg should step down. The person was unaware of any dismissals tied to the report....
...UK interest rates: The Bank of England’s Monetary Policy Committee will announce its latest decision on benchmark interest rates, and publish its Monetary Policy Report....
...Earlier on Tuesday, Lord James Arbuthnot, a member of the Horizon Compensation Advisory Board, told MPs he hoped Fujitsu would “accept that they have played a part in the devastation that has been visited...
...“While these strategic actions negatively impacted short-term performance, the compensation committee believes that the actions of senior management were critical to reorienting the firm with a much stronger...
...The following day Sabadell rejected the offer from BBVA, saying it “significantly undervalues” the growth prospects of the lender, which owns UK high street bank TSB....
...IMF managing director Kristalina Georgieva has warned that high US rates could cause a slew of defaults — with the potential for regional or global spillover....
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