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...UK asset manager Abrdn has slashed employee benefits as part of a fresh round of cost cuts, halving redundancy payouts and reducing the length of paid parental leave by about a third....
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...The Insolvency Service declined to comment on the firms involved and whether the three people it dismissed had received any payments or other benefits in exchange for sharing information....
...After a fractious call with Grant Thornton’s management last week, retirees said the sum they were offered was unfairly low, in some cases coming up short by $1mn or more....
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...Pichai’s blog on Thursday also addressed an employee protest this week against an AI and cloud contract with the Israeli government and military....
...The firm has said it has never sued a former employee before this lawsuit....
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...Early estimates by the European Commission said the regulations would push up prices for services from companies such as Uber and Bolt by 40 per cent....
...Though it has left consumer banking, elsewhere Goldman has tried to build a massive wealth and asset management business that brings in steady fees....
...“It is always difficult when an employee only raises this partway through a management process rather than earlier on.”...
...Their rationale for favouring the status quo was based on the magnitude of the transition, potential investment risks, a lack of confidence in the associated economic benefits, and the needless management...
...However, Colin Barnes, a director at employee benefits consultancy Aon, cautioned that many such strategies were “box ticking”....
...A former UK Ministry of Defence employee has been sentenced to more than two years in prison after being convicted in a long-running Saudi bribery investigation....
...This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...IBM’s decision to reinstate its defined benefit scheme makes good business sense — other companies should follow, she argues....
...As their biggest shareholder, the central government stands to benefit from higher valuations and larger dividends....
...Already-poor service levels would deteriorate further. In the meantime, there is a risk of Thames’s toxicity starting to pollute other water companies....
...Employee efficiency and productivity are key areas, he adds, with virtual assistants going from novelties and useful accessories to potentially transformative tools....
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...Activist investor Sparta Capital Management is calling on London-listed engineer Wood Group to consider a US listing to address the “continued underperformance of its shares”....
...Larocca joined Trafigura in 1994, a year after it was founded, and is the longest-serving employee among the current management....
...The likes of Blackstone and Apollo have rejigged their internal accounting to shove employee pay into the distinct performance fee silo in order to prop up management fee margins....
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Data suggests they make up 51% of assets and rebalancings can send billions sloshing through markets
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