Would the world be a happier place if we just got rid of all the bankers? Well, no. The financial sector, for all of its …
pay
Top Reasons Why Americans Stay At Their Jobs (And What It Means For The Presidential Campaign)
What’s the No. 1 reason people continue working for their employer? Is it the pay? The benefits? A lack of better options? Those are obvious answers, especially given today’s unemployment numbers and sluggish economy. But they’re …
Is Apple Underpaying Its Retail Employees?
If there is any company that can be said to be on the cutting edge of retail, it’s Apple. Yes, the Most Profitable Company in the World has come to be one of the most admired names in business not only because of its …
One More Reason to Hit the Gym: You’ll Make More Money at Work
We don’t need a study to tell us that working out is good for us. But showing us that regular exercise is linked to higher salaries is a different matter.
After Bleak Year on Wall Street, Bonuses on the Chopping Block
As Wall Street’s biggest banks prepare to report fourth quarter earnings for 2011, many analysts expect the results to cap off a horrible year — at least by their formerly high-flying pre-recession standards. As a result, …
‘Too Big to Fail’ Pays Off: Big Bank Salaries Rising Faster than Rivals
The pay bonus for working at a “Too Big to Fail” bank is only getting bigger.
Outsized paychecks are often cited as one of the reasons for the financial crisis. So what are the executives at the biggest banks doing? They are upping their pay. In fact, pay at the big banks is not rising just for CEOs and investment bankers but for …
CEO Pay Up, Average Worker Not so Much
Disney’s Robert Iger got a 45% bigger bonus in 2010 (Phil McCarten/Reuters)
Executives in the corner office now make 62 times more than the average worker, and that’s just in bonuses alone.
A study done for the Wall Street Journal, found that incentive pay for the chief executive officers of 50 major corporations jumped 30% in 2010. …
Has the Wall Street Pay Czar Paid Off?
Time to say Goodbye to the Pay Czar
Nearly a year and a half ago, Kenneth Feinberg was appointed to overseeing the pay of Wall Street executives and top officials of other companies that had to be bailed out in the financial crisis. Today is most likely his final day on the job of any consequence.
This morning Feinberg released the …
Lord Brian Griffiths of Fforestfach (and Goldman Sachs) says his paychecks make you rich
I get the feeling that Brian Griffiths’ words at a panel discussion in London Tuesday might go down in history as some kind of let-them-eat-cakish landmark. Said the economist, a former Margaret Thatcher adviser who was raised to the peerage in 1991 and has been helping make ends meet since then by toiling away as a vice chairman (read: …
Big Paycheck = Happiness? Not.
We’re undergoing performance evaluations here at TIME, and, although none was offered to me during mine, I believed that a raise that would more than double my salary would erase most if not all of my complaints. But big bucks don’t bring happiness, according to Execunet, which recruits execs:
According to a survey of 2,149 executives
…
I Have a Crystal Ball in My Office
Actually, it’s a paper weight. That may be why–though I stared at it very hard for at least a minute–I was utterly unable to make any credible-sounding workplace predictions for 2007.
In this I feel lacking. It’s fashionable for those in the workplace arena to make forecasts for the coming year, judging by the newpaper articles and …
