ExecutiveCompensation

ANZ's Outgoing CEO Faces Increased Pressure for Pay Reduction Amid Scandals

4 days ago

The departure of ANZ Banking Group's Chief Executive Officer, Shayne Elliott, has sparked a heated debate over the appropriateness of his severance package. As Elliott prepares to step down following a series of damaging scandals, calls have intensified for a substantial reduction in his bonus and compensation, reflecting the unrest among stakeholders and the public.

Delaware Judge Faces Backlash After Rejecting Elon Musk’s Hefty Payday

19 days ago

In a recent landmark decision, a Delaware judge has denied a substantial payout to billionaire entrepreneur Elon Musk, igniting a firestorm of reactions from various quarters. The case revolved around Musk’s compensation package from Tesla, which was set to reward him significantly based on the electric vehicle manufacturer's soaring stock price and performance metrics.

Delaware Judge Dismisses Musk's Record Tesla Pay Package: A Significant Blow for the CEO

20 days ago

In a pivotal legal ruling, a Delaware judge has once again rejected Elon Musk's enormous pay package from Tesla, which had previously been under scrutiny for its astronomical size. This decision marks a critical juncture for Musk, Tesla, and stakeholders involved, particularly in a period where executive compensation has come under increased scrutiny in corporate America.

Jane Street’s Executive Compensation Excluded from Millennium Management Lawsuit

1 month ago

In a significant ruling affecting the ongoing litigation between hedge fund giants, a New York judge has decided that compensation details for leaders at Jane Street Capital will not be made public as part of the lawsuit filed by Millennium Management. This decision comes amidst a fierce legal battle that has captured the attention of the financial industry, highlighting the sometimes opaque nature of corporate compensation packages in the hedge fund world.

Former Citigroup Bankers Demand Board to Reclaim Millions in Bonuses Amid Controversy

2 months ago

In a significant move, several former executives of Citigroup have called for the financial institution to recuperate a substantial sum in bonuses, estimating the total at around $100 million. This unprecedented push comes in light of allegations surrounding the responsibility of these bonuses tied to high-risk decisions that could have detrimental effects on the bank's long-term stability.

HSBC Set to Match Record Bonus Payouts Amidst Strong Performance

2 months ago

In an impressive display of resilience and profitability, HSBC Holdings Plc is on track to replicate last year's bonus pool, which marked a decade-high distribution for the bank. As financial institutions around the globe navigate through a challenging economic landscape, HSBC’s ability to sustain robust performance has positioned it favorably within the industry.