Timothy J. Sloan was criticized for failing to clean up Wells Fargo’s troubled culture when he headed the bank. He says in a suit that he’s owed at least an additional $34 million.
Category: Executive Compensation
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U.A.W. Strike Hits 3 Plants as It Seeks Big Raises and Other Gains
The union targeted one factory run by General Motors, one by Ford and one by Stellantis. Prolonged walkouts could hurt the U.S. economy and President Biden.
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Wall Street Moguls Win Important Backer in Their Fight Over Hedge Fund Sale
A group of high-profile investors is pushing to buy a storied hedge fund that has already agreed to be sold to another firm.
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Does It Help to Know How Much the Boss Makes?
Sky-high C.E.O. pay isn’t a secret. And transparency about those big numbers can have surprising effects on the work force as a whole.
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Netflix Shareholders Vote to Reject Executive Pay Packages
The vote, after the union representing striking writers urged opposition, can be overruled by the streaming giant’s board of directors.
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Goldman Sachs to Pay $215 Million to Settle Gender Bias Suit
The lawsuit accused the Wall Street bank of hindering women’s career advancement and paying them less than their male colleagues.
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F.B.I. Searches Home of Top FTX Executive
Ryan Salame, a former top FTX executive and a prolific Republican donor, faces mounting legal pressure for his role in Sam Bankman-Fried’s business empire.
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Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal
The New York Times – Business:The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from collapse.
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Judge Hears Final Arguments in Suit Over Musk’s Tesla Pay
The New York Times – Business:Shareholders’ lawyers challenged the board’s contention that Elon Musk’s record-setting compensation was deserved and an effective tool of motivation.
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What Layoffs? Top Wall Street Traders Score Giant Paydays
The New York Times – Business:Some large hedge funds that profited off the recent market volatility are wooing traders with tens of millions of dollars in guaranteed payouts.