AI is now large enough to justify a dedicated seat in the C-suite. Demand for this leadership position is being led by three groups, Praneet Franklin, senior partner and AI practice…
Read more Hiring a chief AI officer: Compensation, recruitment, candidates, responsibilityTesla CEO Elon Musk’s net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last…
Read more Elon Musk Becomes First Person Worth $700 billion Following Pay Package RulingFew workplace issues get as much attention as the question of salary transparency, which has been a hot-button topic for years. While there’s an ongoing push toward completely…
Read more Gen-Z Talks About Their Salaries Openly. Should Your Company Embrace Pay Transparency?A manager made a terrible mistake and accidentally sent a spreadsheet with the whole department’s salaries to an employee, according to a post on Reddit’s antiwork group. The…
Read more A Manager Accidentally Leaked Everyone’s Salaries. The Fix Is Simple—But Rarely DoneA billboard near West Virginia University questions vaccine manufacturer protections, a topic in the news as Health and Human Services Secretary Robert F. Kennedy Jr. seeks to change…
Read more Are vaccine makers ‘exempt from all liability’?The victims of the Ramallah lynching, the bus bombing in Kfar Darom, the Ben Yehuda Street bombing in Jerusalem, and the French Hill suicide bombing are among those…
Read more Gov’t body grants NIS 25m. to families of terrorism victims from funds seized from PAOracle announced that longtime CEO Safra Catz will be replaced by two new internal hires: Clay Magouyrk, 39, and Mike Sicilia, 54. The outgoing CEO described the two…
Read more Oracle’s new Gen X and Millennial CEOs get stock options worth $350 million—but they’ll have to keep the stock soaring to collect | FortuneZambia’s government says it will seek more compensation for communities affected by a toxic spill from a Chinese-owned copper mine, if this is needed following a full assessment.…
Read more Zambia presses China for more compensation over toxic mine spillRoyal Bank of Canada said it has proof that its former chief financial officer engaged in an intimate relationship with a colleague that she failed to disclose, citing…
Read more Fired CFO’s texts revealed a 10-year affair that led to higher pay and promotions, company saysFlight attendants at Southwest Airlines have ratified a contract that includes pay raises totaling more than 33% over four years, as airline workers continue to benefit from the…
Read more Flight attendants at Southwest Airlines seal deal for 22% pay hikes next monthSixty percent of organizations are now sharing salary ranges on their job listings, according to the 2024 Compensation Best Practices Report from compensation software firm Payscale. That’s a…
Read more Economy be damned: Your workers still expect a hefty raise this yearBoeing announced this morning that CEO Dave Calhoun would depart the company and that an executive with three decades of tenure at the $117 billion manufacturing company, Stephanie…
Read more Boeing taps internal executive with three decades’ experience for top job, but it might not be a ‘slam dunk,’ CEO succession expert saysA dispute between Morgan Stanley and Bernard Mourad, a French banker, has put the spotlight on a practice rarely challenged by leavers who often prefer to forgo deferred…
Read more Morgan Stanley wins $1.5 million bonus spat with French banker who quitJPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and his family sold $150 million worth of the bank’s stock, following through on last year’s announcement that he…
Read more After Jeff Bezos unloaded $4 billion in Amazon stock, JPMorgan’s Jamie Dimon sold $150 million in shares—a first for the banking chiefIn 2021, the chief executive officers at large and regional U.S. banks got a median pay raise of 21.5%. The following year, bank CEO pay climbed by 7%.…
Read more Which big-bank CEOs got hefty pay raises in 2023?James Gorman engineered a transformation of Morgan Stanley with wealth management at its core following its near collapse during the 2008 financial crisis. Gorman, 65, was succeeded as…
Read more Morgan Stanley pays Gorman $37 million for final year as CEO“Our products are undifferentiated, generally speaking. They’re good products, but they’re undifferentiated,” First Republic Founder James Herbert II said in a video for his induction into the Bay…
Read more Jim Herbert built First Republic over 40 years. Then it all fell apart.In recent years, bankers were often able to receive their full bonus by making more loans to old and new clients. But this year, those who are hoping…
Read more Why deposits have taken center stage in bonus-pay discussionsBank of America CEO Brian Moynihan had his total compensation for last year fall by $2 million, according to a securities filing from the bank. Diedra Laird dlaird@charlotteobserver.com…
Read more Bank of America CEO’s 2022 compensation dips to $30 million, new filing showsBank of America CEO Brian Moynihan’s total compensation declined 6.3% to $30 million for his work in 2022, a year in which profit tumbled and the shares sank.…
Read more Bank of America CEO Moynihan pay fell to $30 million for 2022
