Executives | featured news

CVS CEO's Pay Jumps 44%

Total pay for CVS Caremark's chief executive and president, Larry Merlo, jumped 44% to $20.3 million last year, according to an SEC filing.


Sears CEO Edward Lampert's New Annual Salary: $1

Sears Holding Corp. has signed a contract with Edward Lampert to keep him on as CEO of the company at a salary of $1 per year. A regulatory document filed Wednesday shows that the billionaire hedge fund manager will be paid an annual base salary of $1, but with the opportunity for a bonus of up to $2 million in cash or stock and up to $4.5 million in stock per year.


American's $19.8 million CEO severance draws fire

Tom Horton

The subject of CEO compensation looks like it will get time under the microscope in American Airlines' Chapter 11 bankruptcy case. The U.S. trustee overseeing the bankruptcy case of American parent AMR has filed an objection to the $19.8 million severance package that current CEO Tom Horton is set to get when he leaves the company next year, according to Reuters. Also included in the objection are severance and retention payments slated for other company employees.


UBS banker gets $26m 'golden hello'

Andrea Orcel - BBC

The new head of UBS's investment bank Andrea Orcel received a $26m (£17m; 20m euros) "golden hello" in 2012, the bank's annual report has revealed. Mr Orcel is in the process of overhauling the investment business, with 2,000 job losses expected.


Coca-Cola paid CEO $21.6 million for 2012

Coca-Cola Co. gave Chairman and CEO Muhtar Kent a pay package worth $21.6 million last year, as the world's biggest beverage maker navigated shifting drinking habits in the U.S. and sold more of its drinks overseas. The compensation is up from the $21.2 million Kent received in 2011, according to an Associated Press analysis.


Discover CEO Received $9.96 Million in 2012

Discover Financial's CEO David Nelms received $9.96 million in compensation in fiscal 2012, down 28% from the previous year due to lower stock awards.


CA exec gets 6 years in tomato price-fixing scam


The former owner of a California tomato processing company was sentenced Tuesday to six years in federal prison for engaging in a price-fixing scam that authorities said involved bribing purchasing managers at food giants including Kraft Foods Inc. and Frito-Lay.


A $19 Million Payday for Jefferies CEO

Richard Handler's compensation for 2012 pushes him ahead of some top executives at larger Wall Street rivals.


Emails From Steve Jobs Show Clear Intent to Retaliate Against Those Trying To Offer Jobs to Apple Engineers

Steve Jobs

Emails from former Apple CEO Steve Jobs, published below, are at the center of a lawsuit that that connects the tech industry's most powerful executives and companies. Five tech workers are suing Apple, Google, and Intel. They say that top executives at these companies agreed to not hire each other's employees.


iPod creator: Ex-boss won't be missed

At least one former Apple exec wasn't surprised or sad to hear the news that iOS chief Scott Forstall is leaving the company... Several reports since then have suggested that Forstall didn't get along well with some other key players on the team and angered CEO Tim Cook by refusing to apologize for Apple's maps application.


Subscribe to this RSS topic: Syndicate content