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Related Special Reports
...Influential shareholder advisers ISS and Glass Lewis recommended that shareholders block the pay package for the company’s long-standing CEO, with Glass Lewis saying the scale of the increase in incentive-based...
...As well as increasing the maximum potential pay for executives, some companies are turning to US-style “hybrid” incentive packages....
...AstraZeneca’s chair Michel Demaré told the FT last year that the company was prepared to endure “major criticism” over his pay package in order to keep hold of Soriot....
...The proposed package includes a new restricted share plan worth 125 per cent of salary, vesting over three years....
...The company was formed in early 2021 through the merger of France’s PSA, the maker of Peugeot, and Italian-US peer Fiat Chrysler....
...International investors have rushed into Egypt’s debt after the most populous Arab nation secured a $55bn bailout and Gulf investment package to reboot its troubled economy and prevent it succumbing to fallout...
...Influential proxy adviser Glass Lewis has recommended Goldman Sachs shareholders oppose chief executive David Solomon’s $31mn pay package in an upcoming shareholder vote....
...Elon Musk has shifted the incorporation of his brain-implant company Neuralink to Nevada, deepening a rift with the state of Delaware where a judge recently voided the entrepreneur’s $56bn pay package from...
...Boeing benchmarks executive pay against packages at other big US companies such as ExxonMobil....
...Elon Musk’s $55bn pay package from Tesla has been voided by a Delaware judge, who ruled that the unprecedented compensation was improperly approved by the automaker’s board of directors and had short-changed...
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...In ISS’s report on the bank’s AGM, sent to shareholders on Friday and seen by the Financial Times, the proxy adviser recommends investors vote against the company’s new remuneration plan over concerns about...
...Big pay packages can exacerbate inequality and stoke populist resentment, but global companies have to compete for talent in the real world, not some idealised society....
...The company is asking shareholders again to vote in favour of Elon Musk’s 2018 pay package — the same one nullified earlier this year by the Delaware Court of Chancery....
...The votes will take place at the company’s annual meeting on June 13....
...“The House must pass the package this week and the Senate should quickly follow,” he said on Wednesday....
...The German government has agreed to provide €7.5bn of state guarantees to embattled renewables group Siemens Energy as part of a €15bn rescue package for the group....
...UK companies need to pay their executives more to compete with US businesses, said the head of the London Stock Exchange Group whose own package is set to increase by 76 per cent....
...Tuesday’s ruling relates to a 2018 decision to offer Musk the largest-ever remuneration package for a public company chief executive, with a potential payout of up to $55.8bn if Tesla hit certain performance...
...EU member states have agreed a new package of sanctions against Russia which for the first time include measures targeting Chinese and Indian companies accused of supporting Moscow’s war effort....
...Noboa is the 35-year-old heir to the fortune of one of Ecuador’s richest men, banana magnate Álvaro Noboa, who controls a series of companies including the Bonita brand of bananas, a coffee exporter and...
...the importance of long-term shareholder value growth,” the company said....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...If approved, Schwimmer’s £11mn package would make him one of the highest paid chief executives of a UK-listed company....
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