Posts Tagged ‘pay’

ECONOMY-ZIMBABWE: Consumers May be Happy But Workers Aren’t

South African retail giant Pick-‘n-Pay increased its stake from 25 to 49 percent in TM Supermarkets – Zimbabwe’s largest grocer – in October in a deal worth about 13 million dollars. But, while the champagne corks pop in the boardroom, employees are not upbeat. View full post on Business Stories

HSBC To Double Basic Banker Pay In Advance Of EU Bonus Restrictions

Hong Kong and Shanghai Banking Corp. plans to double the basic pay of senior investment banks to get around tightening European Union rules on bonus payouts. Those who will benefit from the scheme are HSBC bankers in London, New York and Hong Kong. View full post on Banking Stories

Rosenthal: Olbermann pays the price

Host of MSNBC’s ‘Countdown’ suspended indefinitely without pay I’ve known Keith Olbermann for about 25 years. Seven years ago, we were talking about his then-new “Countdown” show on MSNBC, which seemed tailored to him but had not yet become a bully pulpit. I observed it seemed like his perfect venue. View full post on Business […]

Outgoing CBI Head Calls For Global Ceasefire On Bank Pay

Outgoing Chamber of British Industries Director General Richard Lambert has joined the growing global chorus against excessive bank pay. Lambert called on Monday for a global ceasefire on bank pay and warned that financial institutions will seem arrogant and out of touch if they insist on very high bonuses for bank executives. View full post […]