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Russia demands compensation for US steel tariffs

“Russia has demanded compensation from the United States for its decision to impose global tariffs on steel and aluminum” writes unknown author for cnbc.com. A statement from the World Trade Organization (WTO), circulated at the request of Moscow, describes Donald Trump administration’s decision as a “safeguard measure” that under WTO rules should trigger payments from the U.S. to major exporters. Source: cnbc.com Share This:

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Jamaican PM and Labour MP call for Windrush compensation

“Members of the Windrush generation who were denied services, wrongfully detained or even deported should be awarded compensation, the Jamaican prime minister and the Labour MP David Lammy have urged” writes Owen Bowcott for theguardian.com. This has meant that members of the Windrush generation, their children and their grandchildren have consistently encountered obstacles in proving their right to live and work in the UK. “There will be compensation claims.The government should make it available so that people don’t have to fight for compensation.” Jamie Beagent, a solicitor at the law…

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Airlines must compensate for delays during wildcat strikes: EU court

“BRUSSELS (Reuters) – Airlines have to pay compensation to passengers for delays caused by wildcat strikes that result from management decisions, the European Union’s top court said on Tuesday” writes Midwest Communications Inc for 95kqds.com. Several cases were brought to the EU’s Court of Justice after German airline TUIfly said a 2016 wildcat strike – one not formally initiated by a trade union – was an extraordinary event, and so it was not liable to compensate for delays. The court added that making a distinction between wildcat strikes and those…

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Chevron’s new CEO gets $1.5 million salary, stock awards

“The pay raise came after Wirth’s compensation as vice chairman was boosted last year by more than 25 percent, according to regulatory filings” writes Midwest Communications Inc for 95kqds.com. Shareholders will consider proposals on climate change and executive compensation, though those votes will be nonbinding.Wirth, who has worked at Chevron for more than 35 years and was previously the company’s vice chairman, is also elgible for stock awards and other compansation this year potentially worth more than $15 million.Watson’s compensation in 2017 was 180 times larger than the median compensation…

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Morgan Stanley CEO James Gorman pay up 20 percent in 2017

“That figure includes a base salary of $1.5 million plus cash bonuses of about $5.6 million awarded in the early part of 2018, deferred compensation, and a long term incentive plan” reports businessinsider.com. Morgan Stanley President Colm Kelleher’s total compensation rose to $23 million and Chief Financial Officer Jonathan Pruzan’s total pay rose to $11.5 million. Source: businessinsider.com Share This:

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Highest paid CEOs at America’s 100 largest companies

“With only a couple of exceptions, CEOs of the largest companies report compensation packages of at least seven figures, the vast majority of whom earn eight-figures annually” writes unknown author for thedailyjournal.com. CEOs of publicly traded companies are accountable to customers, regulators, shareholders, board members, and their own employees — in both good times and bad. 24/7 Wall St. reviewed CEO compensation packages for the 100 largest, publicly traded American companies by revenue. Source: thedailyjournal.com Share This:

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AIG paid new CEO Duperreault $43.1 million in 2017

“Duperreault’s compensation in 2017 included a $12 million cash bonus and a one-time option award valued at $16.2 million, mostly tied to performance targets” writes unknown author for cnbc.com. Duperreault to create sustainable, profitable growth for AIG, aligning his interests with those of our shareholders,” the proxy filing states.Excluding one-time components, Duperreault earned $14.9 million after rejoining AIG in May, according to the company’s annual proxy filing to the U.S. Securities and Exchange Commission. Source: cnbc.com Share This:

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Smartsheet IPO filing reveals it’s paying an exec it poached from Amazon more than its own CEO

“Farrell cited compensation as one reason to leave Amazon in an email he sent to AWS CEO Andy Jassy” writes Jordan Novet for cnbc.com. Project management software company Smartsheet revealed in its IPO filing on Monday that Gene Farrell, an executive who joined from public cloud provider Amazon Web Services last year, is receiving more compensation than Smartsheet’s own CEO, Mark Mader.The pay details suggest that for a smaller company, experience at Amazon’s market-leading cloud business is highly valued. Source: cnbc.com Share This:

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Tesla is rallying ahead of a shareholder vote on Elon Musk’s compensation

“Shares of Tesla were rallying, up 2.5%, ahead of a shareholder vote on chairman and CEO Elon Musk’s compensation package” writes Kimberly Chin for aol.com. The “compensation performance award” would give Musk options with 12 potential vesting tranches if the company hits performance targets on both a top- and bottom-line basis over 10 years, according to the SEC proxy filing. Source: aol.com Share This:

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Pension fund CalSTRS opposes Tesla’s compensation package for Musk

“The Silicon Valley billionaire’s compensation package announced in January involves no salary or cash bonus but sets rewards based on Tesla’s market value rising to $650 billion over the next 10 years” reports businessinsider.com. Tesla shareholders are due to vote on Wednesday, and the company needs majority approval for the proposal to go through.Musk could own as much as $55.8 billion in Tesla stock and more than a quarter of the electric car company in the next decade if he hits all targets of the new plan. Source: businessinsider.com Share This:

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