1. 1-25 of 25
    1. Jeremy Corbyn's 'maximum wage' comment has provoked a huge debate about inequality on Twitter

      Jeremy Corbyn's 'maximum wage' comment has provoked a huge debate about inequality on Twitter

      Jeremy Corbyn said some salaries paid to company bosses and top footballers were “utterly ridiculous” and that there should be a cap on their income to stop it soaring. The idea immediately received widespread criticism, with a former adviser branding it “idiotic”. Later, his spokesman said he “misspoke” and when asked about it during another interview, Corbyn said a better way of curbing executive pay was by controlling the pay ratio between the highest and lowest earners in a company.

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    2. RBS draws up secret plan to slash boss McEwan's maximum payout

      RBS draws up secret plan to slash boss McEwan's maximum payout

      View photos More The chief executive of Royal Bank of Scotland (LSE: RBS.L - news ) (RBS) is to see his maximum pay pot slashed under plans being drawn up by its remuneration committee, reflecting directors' conviction that the lender will remain in majority taxpayer ownership for years to come. Sky News has learnt that RBS has begun consulting with leading City shareholders on proposals to reduce the long-term incentive plan award available to Ross McEwan from £3m to £1.75m from next year.

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      Mentions: Lloyds Chairman
    3. US stocks retreat, banking shares lead decline

      US stocks retreat, banking shares lead decline

      21 US stocks retreat, banking shares lead decline AFP – 33 minutes ago View Photo

      Wall Street stocks finished lower Friday following profit taking in banking shares and some other equities that had scored big gains in the post-election rally. Bank of America (Swiss: BAC-USD.SW - news ) lost 2.2 percent and Goldman Sachs (NYSE: GS-PB - news ) shed 1.7 percent in reversals of the large gains seen since the November 8 election prompted a big rally in the sector.

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    4. Ex-TPG executive alleges partner said he wanted to 'smack' him against a wall: lawsuit

      Ex-TPG executive alleges partner said he wanted to 'smack' him against a wall: lawsuit

      TPG Capital was sued on Thursday by its former head of public affairs, who accused the private equity giant of ignoring his warnings that the firm may have violated securities regulations and defrauded investors out of millions of dollars as a result.     The whistleblower lawsuit, almost without precedent in the tight-knit world of private equity, was filed ...

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    5. Alliance Invokes Elliott Track Rcord in Appeal Against Board Shake-Up

      Alliance Invokes Elliott Track Rcord in Appeal Against Board Shake-Up

      By Nishant Kumar LONDON (Reuters) - Alliance Trust invoked Elliott Advisors' track record on Thursday, asking shareholders to reject the activist investor's call for a boardroom overhaul and saying the fund was trying to engineer an exit from the investment trust. Alliance runs one of Britain's oldest investment trusts and is engaged in a tussle with its largest individual shareholder Elliott ...

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    6. Pennon Lures City Grandee Parker As New Chair

      Pennon Lures City Grandee Parker As New Chair

      One of the UK's biggest publicly listed water companies has lured Sir John Parker, the architect of a new push to improve boardroom diversity, as its new chairman‎. Sky News has learnt that Pennon Group, which owns South West Water and Viridor, the waste-recycling company, will announce Sir John‎'s appointment on Friday. The news is likely to be well-received by shareholders in Pennon, which ...

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      Mentions: Diversity Chairman
    7. Briton Named New Chief Executive Of McDonald's

      Briton Named New Chief Executive Of McDonald's

      A Briton has been named as the new chief executive of McDonald's, as the fast food chain tackles disappointing sales worldwide. Steve Easterbrook will become the new president and CEO of the company in March. His predecessor, Don Thompson, had only held the position for two-and-a-half years. Net income at McDonald's plummeted by 21% in the fourth quarter to $1.1bn (£726m), as customers shopped ...

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      Mentions: CEO
    8. Siemens CEO Says Period of "Aggressive" M&A is Over

      Siemens CEO Says Period of "Aggressive" M&A is Over

      FRANKFURT (Reuters) - Siemens Chief Executive Joe Kaeser promised on Tuesday that the German engineering group would focus more on steady internal growth and higher-margin services than on attention-grabbing M&A deals. "I will consider growth to be mostly organic rather than acquired," Kaeser said at Siemens's Capital Markets Day, setting out details of his strategy. "We will not spend our money ...

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      Mentions: CEO
    9. Ackman's Pershing Square Sees Big Payoff from Allergan Deal

      Ackman's Pershing Square Sees Big Payoff from Allergan Deal

      By Svea Herbst-Bayliss BOSTON (Reuters) - Hedge fund mogul William Ackman told investors they could see a $6 billion (4 billion pound) payday when he closes the chapter on Allergan Inc. , his firm's biggest bet of 2014. One week after Allergan agreed to sell itself to rival Actavis Plc. , Ackman wrote in his quarterly investment letter that his Pershing Square Capital Management, the Botox-maker ...

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    10. Actavis May Buy Allergan for at least $60 billion - Bloomberg

      Actavis May Buy Allergan for at least $60 billion - Bloomberg

      (Reuters) - Merger talks between Allergan Inc and white knight Actavis Plc are focussed on narrowing a gap of about $3 billion (1.90 billion pounds) between what has been offered and what is wanted, Bloomberg reported on Wednesday. Actavis is willing to pay around $200 per share, or $60 billion, while Allergan wants more than $210 per share, Bloomberg said. Actavis and Allergan declined to ...

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      Mentions: hostile takeover
    11. Siemens Agrees to $7.6 billion deal to buy Dresser-Rand

      Siemens Agrees to $7.6 billion deal to buy Dresser-Rand

      By Ludwig and Burger Frankfurt, (Reuters) - Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion (4.6 billion pounds) in a move that would significantly boost the German company's oil and gas business in North America. Germany's Siemens said its $83 per-share bid was unanimously supported by Dresser-Rand's board of ...

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      Mentions: CEO
    12. Ex-Barclays Director To Chair Investor Body

      Ex-Barclays Director To Chair Investor Body

      A former member of Barclays' boardroom pay committee is to chair a new body that will try to counter accusations that the City is obsessed by short-term gains rather than the long-term health of the UK economy. Sky News has learnt that Simon Fraser, who recently stepped down as a non-executive director of the bank, which has endured a fractious recent relationship with shareholders, is to chair ...

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    13. Pfizer chasing AstraZeneca for potential $100 billion deal

      Pfizer chasing AstraZeneca for potential $100 billion deal

      By Ben Hirschler LONDON (Reuters) - U.S. drugmaker Pfizer Inc is working on its next move in a potential $100 billion battle for Britain's AstraZeneca Plc after having two bids rejected, as deal-making grips the healthcare industry. Pfizer said on Monday it made a 58.8 billion pounds bid approach to AstraZeneca in January and had contacted its British rival again on April 26 seeking further ...

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      Mentions: CEO
    14. Insight - U.S. companies rein in flashy perks, find other rewards for CEOs

      Insight - U.S. companies rein in flashy perks, find other rewards for CEOs

      Often the shifts follow pressure from shareholders, who in recent years have criticized soaring executive pay and over-the-top perks. But it doesn't mean that the "extras" package that comes with a C-suite job is in decline - in many cases the surging value of more mundane freebies like financial planning assistance or life insurance is more than making up the difference. "Companies are really ...

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    15. Barclays Faces New Pay Row Over Remco Chair

      Barclays Faces New Pay Row Over Remco Chair

      Barclays faces becoming embroiled in yet another row over its pay practices amid questions over the future of the director who chairs its board remuneration committee. Sky News understands that the bank, which was forced to confront damaging revelations about customer data security on Sunday, has asked Sir John Sunderland to stay on beyond the end of his nine-year term in June. The request risks ...

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    1-25 of 25
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