The company is cutting 15 percent of its work force, or about 1,300 jobs, citing “the uncertainty of the global economy.”
Category: Executive Compensation
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Zoom to Lay Off 1,300 Workers, Joining Other Tech Giants
The New York Times – Business: -
Goldman Sachs Cuts C.E.O. David Solomon’s Pay After Bank’s Poor Performance
The New York Times – Business:David M. Solomon earned $25 million in 2022, still a hefty sum but 30 percent lower than a year earlier.
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Why Is It So Hard to Talk About Money, Especially at Work?
The New York Times – Business:The merits of talking candidly about salary are widely acknowledged. Actually doing it is more complicated.
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For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
The New York Times – Business:There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.
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Elon Musk’s Twitter Role Puts Tesla Board Under New Scrutiny
The New York Times – Business:Corporate governance experts say the electric-car maker’s directors may need to rein in the chief executive, with whom many have personal ties.
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Elon Musk Testifies He Had Little Say in His Tesla Pay
The New York Times – Business:The billionaire chief executive is testifying about a multibillion dollar compensation package the electric car company’s board put in place in 2018.
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Elon Musk Heads to Court to Defend His Billions in Tesla Pay
The New York Times – Business:A shareholder is asking the court to void a 2018 compensation package that has paid the chief executive nearly $50 billion.
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GOP Lawmakers Question Amtrak Over Six-Figure Bonuses
The New York Times – Business:Two Republicans on the House Transportation Committee asked the rail service to explain how it awards bonuses after top executives received payouts of more than $200,000 each last year.