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Former AIG executive wins case over $9 million crisis-era bonus

A former American International Group senior trader won his bid for 8.3 million euros ($9.2 million) in bonuses awarded in a dispute at France’s highest court that dates back to the financial crisis... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

Ryanair"s O"Leary wins bonus approval as pilots face axe

Ryanair's Chief Executive Michael O'Leary narrowly secured approval from shareholders on Thursday for a bonus scheme that could earn him 100 million euros over five years as he revealed up to 700 pilots could lose their jobs......»»

Category: topSource: reutersSep 19th, 2019

Coronavirus update: Global case tally 4.7 million; China’s Xi supports WHO-backed probe of origins of pandemic — once the crisis is over

The number of cases of the coronavirus that c.....»»

Category: topSource: marketwatchMay 18th, 2020

France"s ADP loses 3 million euros a day in sales due to coronavirus - CEO

French airports operator ADP is losing more than 3 million euros ($3.25 million) in sales a day due to the coronavirus crisis, Chief Executive Augustin de Romanet said on Tuesday......»»

Category: topSource: reutersApr 7th, 2020

Harley-Davidson"s acting CEO eligible for $3M bonus if he stays until new chief hired

Harley-Davidson Inc.'s acting CEO Jochen Zeitz could earn a bonus of $3 million bonus just for staying with the company long enough for it to hire a new chief executive. That would come on top of the annual base salary of $2.5 million he is receiving now.....»»

Category: topSource: bizjournalsMar 3rd, 2020

UBS CEO"s pay slips to $1 million a month as Swiss bank"s top bosses pocket $113 million

UBS Chief Executive Sergio Ermotti, one of Europe's best paid bankers, earned 12.5 million francs in 2019, down from 14.1 million in 2018 after the bank was hit with a multi-billion-euro court case and it missed earnings goals......»»

Category: topSource: reutersFeb 28th, 2020

UBS cuts Ermotti"s pay after French court blow, overhauls bonus scheme

UBS Chief Executive Sergio Ermotti cashed in less money in 2019 as the bank made pay concessions related to a French tax case and missed earnings goals during his last full year as CEO......»»

Category: topSource: reutersFeb 28th, 2020

Boeing CEO faces long to-do list to collect $7M bonus

Boeing Co. Chief Executive Officer Dave Calhoun stands to reap a $7 million bonus once the planemaker finally gets the grounded 737 Max jetliner back in the air. But there’s a catch, according to a company filing......»»

Category: topSource: moneycentralFeb 25th, 2020

KC law firm wins $3.8M settlement over Atkins Diet products

A Kansas City law firm earned a $3.8 million settlement for its clients in a case they filed against Atkins Nutritionals Inc., which sells protein-rich food products and shakes based on the principles of the low-carbohydrate Atkins Diet. Matthew Dameron.....»»

Category: topSource: bizjournalsJan 21st, 2020

Boeing"s ousted CEO departs with $62 mln, even without severance pay

Boeing Co's ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis......»»

Category: topSource: reutersJan 10th, 2020

Fired Boeing CEO will receive more than $60 million

Dennis A. Muilenburg, who was ousted as Boeing’s chief executive last month as the company contended with the biggest crisis in its history, will leave the company with more than $60 million, t.....»»

Category: topSource: moneycentralJan 10th, 2020

Fired Boeing CEO will receive more than $60 million

Dennis A. Muilenburg, who was ousted as Boeing’s chief executive last month as the company contended with the biggest crisis in its history, will leave the company with more than $60 million, t.....»»

Category: topSource: moneycentralJan 10th, 2020

IBT/Hamilton founder pleads not guilty in fraud, embezzlement case

At one time, the executive ran a business that employed 160 people and generated $28 million in annual sales. This week, a public defender was assigned to represent him......»»

Category: topSource: bizjournalsDec 20th, 2019

Canada"s SNC-Lavalin unit pleads guilty to fraud charge in Libya case

A division of SNC-Lavalin Group Inc pleaded guilty to one fraud charge and will pay a C$280 million fine related to projects in Libya, the company said on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau's government in crisis......»»

Category: topSource: reutersDec 18th, 2019

Bristol-Myers wins $752 million in U.S. patent case against Gilead

Bristol-Myers Squibb Co on Friday said it won a $752 million jury verdict against Gilead Sciences Inc in a U.S. patent dispute relating to technology for treating cancer......»»

Category: topSource: reutersDec 13th, 2019

Bankruptcy judge considers $1.3M bonus for Purdue Pharma CEO after opioid epidemic

The judge overseeing the bankruptcy case of OxyContin maker Purdue Pharma will consider Wednesday whether the company's CEO should get a bonus equal to half his $2.6 million salary......»»

Category: topSource: foxnewsDec 4th, 2019

States fight bonus pay for CEO of OxyContin maker Purdue

The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential $1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday......»»

Category: topSource: reutersDec 2nd, 2019

State AGs fight bonus pay for CEO of OxyContin-maker Purdue

The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential $1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday......»»

Category: topSource: reutersDec 2nd, 2019

County will pay outside lawyers to appeal $19M police verdict

St. Louis County Executive Sam Page's administration wants the government to pay up to $75,000 to outside lawyers for a possible appeal of a more than $19 million verdict in the case of a police officer who said he was passed over for promotions be.....»»

Category: topSource: bizjournalsNov 6th, 2019

4 healthcare firms just agreed to a $260 million deal to settle key opioids cases ahead of a trial

Four healthcare firms who have been blamed for the opioid crisis reached a settlement ahead of a federal court case that was schedule.....»»

Category: topSource: businessinsiderOct 21st, 2019

Ryanair plans 500-700 job cuts as O"Leary bags bonus

Ryanair's Chief Executive Michael O'Leary said he plans to cut 500-700 jobs at the airline as shareholders narrowly approved a bonus scheme on Thursday that could earn him around 100 million euros ($111 million) over five years......»»

Category: topSource: reutersSep 19th, 2019