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....Yahoo’s CEO holds stock, stock options and restricted stock units worth a total of $186m, according to documents sent to shareholders about the Verizon deal. The payoff comes on top of roughly $200m that Mayer has already received in salary and bonuses over her five year tenure. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:01:56 PM
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....In any case, general elections work on a different dynamic. Labour can remotivate its core voters with its policies of social justice: free school meals; fairness for salary scales within companies; and the protection of the NHS and other public services, financed by investment and higher taxes on the rich. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:50:15 PM
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....4m last year because a long-term incentive plan and other rewards paid out. He was paid an annual salary of £1. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:13:55 PM
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.... She failed, as they did, and the sale to Verizon was almost an act of mercy. The fact that Mayer could now walk away with a $186m (£145m) payoff plus $200m of salary over five years is extraordinary. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 06:18:25 PM
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.... This year’s annual meeting, to be held in June, will include a binding vote on WPP’s pay policy over the next three years. In December, the chair of WPP’s pay committee told MPs that Sorrell was not on a “superstar” salary but that he has been “rewarded very highly” for driving the WPP business. ... [Read full article on Guardian ]
Thursday 27th of April 2017 08:05:41 PM
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Latest Finance News related to Salary

From corporate life to conservation – how can I make the switch? image
Source : Guardian [Read Article] Friday 28th of April 2017 06:00:03 AM
....My biggest regret is that I have always wanted to work with animals or in wildlife conservation, as it’s something I’m passionate about. Despite applying for low-paid roles (compared with the salary I’ve been on), I can’t seem to get a foot through the door as my CV is not animal or conservation related in any way. ...
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WPP to cut Sir Martin Sorrell's pay to £15m in bid to calm investors image
Source : Guardian [Read Article] Thursday 27th of April 2017 08:05:41 PM
.... This year’s annual meeting, to be held in June, will include a binding vote on WPP’s pay policy over the next three years. In December, the chair of WPP’s pay committee told MPs that Sorrell was not on a “superstar” salary but that he has been “rewarded very highly” for driving the WPP business. ...
Be bold Labour: promise to abandon this ruinous Brexit | Jonathan Steele image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:50:15 PM
....In any case, general elections work on a different dynamic. Labour can remotivate its core voters with its policies of social justice: free school meals; fairness for salary scales within companies; and the protection of the NHS and other public services, financed by investment and higher taxes on the rich. ...
AstraZeneca shareholders revolt over chief executive's £13m pay image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:13:55 PM
....4m last year because a long-term incentive plan and other rewards paid out. He was paid an annual salary of £1. ...
Andrew Tyrie, scourge of bankers, deserves new City role | Nils Pratley image
Source : Guardian [Read Article] Tuesday 25th of April 2017 06:18:25 PM
.... She failed, as they did, and the sale to Verizon was almost an act of mercy. The fact that Mayer could now walk away with a $186m (£145m) payoff plus $200m of salary over five years is extraordinary. ...
Outgoing Yahoo chief executive Marissa Mayer will likely get $186m payout image
....Yahoo’s CEO holds stock, stock options and restricted stock units worth a total of $186m, according to documents sent to shareholders about the Verizon deal. The payoff comes on top of roughly $200m that Mayer has already received in salary and bonuses over her five year tenure. ...
Pensioners’ election REBELLION: Demands for May to look at pension issue for UK's 5MILLION image
....In an earlier the Facebook post, June demolished MPs who gave themselves a 10 per cent pay rise while NHS workers got just one per cent. In 2017, all 650 MPs will take home an annual basic salary of £74,962, while they are also entitled to as much as 37. ...
Saudi Arabia's King Salman reverses public sector pay cuts image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:39:53 AM
....His decrees saw a new national security centre created under the Royal Court. The king also ordered two months extra salary be paid to frontline military personnel taking part in Saudi-led operations in Yemen. ...
Family matters image
Source : BBC [Read Article] Sunday 23rd of April 2017 12:51:12 AM
....The vast majority of young adults working in the private sector will never have pensions as generous as those enjoyed by their older colleagues. This is because most employers have closed defined benefits pension schemes, which typically see employees paid a set proportion of their average or final salary when they retire. ...
Russia's secret image
Source : BBC [Read Article] Thursday 20th of April 2017 11:17:03 PM
.... . "I did encounter some issues with being taken seriously, but I stayed with it and am now earning a salary that's 30% higher than before. ...
BMW strike halts Mini car production image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:08:17 AM
....Workers at three BMW plants in the UK are staging a one-day strike in a row over pensions. The walkout, the first by BMW staff in Britain, is part of a wave of stoppages at the carmaker over the closure of a final-salary pension scheme. ...
Tata Steel merger with Thyssenkrupp under threat image
Source : Guardian [Read Article] Monday 17th of April 2017 12:36:06 PM
.... Tata Steel UK has been under threat of closure since March 2016 when its Indian parent company revealed it was considering a sale, sparking a political crisis. However, under the turnaround plans Tata Steel will invest £1bn in modernising its UK operations in return for replacing its final salary pension scheme with a less generous contribution scheme. ...
Should you resist Lisa … out to lure you into saving for a property or retirement? image
.... Many workplace schemes offer to match, or better, your contributions. From 2018 employers will have to pay at least 1% of an employee’s salary into a pension, a valuable perk not available with the Lisa. ...
Rise of the intern minority harms job hopes for the majority image
Source : Guardian [Read Article] Saturday 15th of April 2017 07:11:58 PM
.... But it became pretty clear that I’d either have to work for a minimum of a year unpaid when I graduated, or I’d have to do work experience at university. But we’re talking a £21,000-a-year starting salary with a minimum of one year politics experience, which is quite asymmetrical in terms of reward for effort. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
.... With a cute and cynical emphasis, the focus is on the ordinary investor because they can be said to be deserving of everyone’s support – especially those who put money aside in a pension. Who can argue against higher interest rates if they prevent the collapse of final salary pension schemes?. ...
Royal Mail union warns of industrial action over pension scheme closure image
Source : Guardian [Read Article] Thursday 13th of April 2017 08:44:38 AM
.... The company, which was privatised in October 2013, currently pays £400m a year into the fund but it says this could rise to more than £1bn in 2018. The scheme, which was closed to new members in 2008, guarantees a pension based on a postal worker’s average salary, and Royal Mail is thought to have plans to replace it with a less generous defined-contribution scheme. ...
Final salary pension warning: Savers risk ruining retirement with transfers image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 03:24:00 PM
.... Selectapension data also shows adviser transfer analysis activity is around 50 per cent to 100 per cent higher than a year ago. Final salary pension members should take four important steps before transferring out of a final salary scheme, according to Tom McPhail, head of policy at Hargreaves Lansdown. ...
Student loan interest rate set to rise by a third after UK inflation surge image
....”. However, the website pointed out that those who started university after September 2012 do not start repaying their loan until they are earning more than £21,000 a year, adding: “Unless you start off with a graduate salary of higher than £30,000, it’s unlikely you will pay off your full loan and interest before it’s wiped after 30 years anyway. ...
Meet the millennials making big money riding China's bitcoin wave image
Source : Guardian [Read Article] Tuesday 11th of April 2017 06:00:21 AM
.... He won’t tell me exactly how much he earns, but assures me that it’s “hundreds or thousands” times more than the 10,000 yuan per month he was earning when he first dabbled in bitcoin three years ago. His money comes from both his trading activity and his company salary. ...
Under-fire Barclays chief is probably guilty of behaving like a chump image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
. We know that Barclays chief executive Jes Staley committed a “serious offence” when he tried to unmask a whistleblower, and that the poor thing will now have to get by on just his basic salary of nearly £10,000 a day when his bonus is slashed as punishment. ...
WARNING: Free bank accounts to END, warns IMF in yet ANOTHER blow to hard-working Britons image
....The IMF sounded the alarm on low growth, low productivity and low interest rates linked to ageing populations. Officials said demographic changes in the likes of Britain, Europe and the US are likely to mean the end of generous final salary pension schemes and higher demand for health insurance plans. ...
Businesses won’t address the gender pay gap until they are forced to | Harriet Minter image
. Has someone asked you your salary today? No? How strange. ...
Gender pay gap image
Source : BBC [Read Article] Thursday 6th of April 2017 11:50:56 AM
...."Instead, it reflects the failure to achieve a balance of men and women in senior management roles, or to attract and retain women in some of the better remunerated occupations". It won't compare your salary with someone else's. ...
Deliveroo's verbal gymnastics show commonsense not on the menu image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:29:05 PM
....The business has 19,000 plots with planning consent, mostly in the south and south-east, so the foundations ought to be decent. Forget the £650,000 salary and 200% LTIP; the revealing detail will be how much of his own money Fitzgerald decides to punt on top. ...
Should we legislate against the gender pay gap? image
Source : BBC [Read Article] Wednesday 5th of April 2017 01:25:35 PM
....5% gap five years earlier. And a Deloitte report last year found the gender pay gap in the UK will not close until 2069 based on current salary progression. ...
Lifetime ISA: Everything you need to know about the new LISA savings account  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 12:55:00 PM
....+ ADD more CONTENT to this pageTherefore, it could be better for anyone who earns more than £45,000 (the higher rate tax band from 2017/18) to save into a pension scheme for retirement. Anyone who saves through a work-based Defined Contribution (DC) pension scheme is also likely to benefit from additional employer contributions - essentially extra money on top of your salary. ...
BMW strikes set to disrupt Mini and Rolls-Royce production image
Source : Guardian [Read Article] Wednesday 5th of April 2017 11:24:39 AM
....The Unite union said the eight strikes would significantly disrupt production of Minis and called on BMW, the owner of Mini and Rolls-Royce, to hold talks to resolve the dispute. The trade union claims workers could lose up to £160,000 in retirement benefits because of the German company’s plans to close its final-salary pension schemes by the end of May. ...
BMW workers to stage first UK strikes over pensions image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:37:44 AM
. Workers at BMW's UK plants are taking strike action over plans to close the company's final salary pension scheme. ...
Bovis rejects Galliford Try bid – but hires rival's ex-boss as its new chief image
....1m. It includes an annual salary of £650,000; an annual bonus of up to 100% of salary in shares, deferred for three years; a long-term share incentive plan of up to 200% of salary for each of the first two years and 150% of salary thereafter and a one-off share award of up to 100% of salary to recompense Fitzgerald for relinquishing management of certain investments to take up his new role. ...
The case for a three-day weekend is clear – let’s start planning now | Caroline Lucas and Jonathan Bartley image
.... The Google CEO, Larry Page, has also said that he doesn’t see why everyone needs to work full time any more. Of course, some Google employees can afford to earn a day’s less salary, but the simple fact is that most people can’t. ...
The lost generation: ‘I’m 30-something and still depressed and broke’ image
.... After she gives me the £2,000 I feel guilty, but less so when I interrogate her finances. It turns out she has thousands of pounds of savings (including redundancy money from being laid off by Northern Rock); she works part-time at a Marks & Spencer; she gets a state pension (she’s 66 years old); she gets a final salary pension; she gets a winter fuel payment (£200); and she gets a free bus pass, which she doesn’t use as she’s got a BMW. ...
UK BMW workers back strike over pensions image
Source : BBC [Read Article] Friday 31st of March 2017 03:35:54 PM
....UK workers at BMW have voted overwhelmingly to go on strike in a dispute over pensions, the Unite union has announced. BMW workers making engines and the Mini and Rolls-Royce motorcars plan to strike over plans to close their final salary pension scheme. ...
GSK's Emma Walmsley steps into Andrew Witty's shoes image
Source : BBC [Read Article] Thursday 30th of March 2017 10:59:54 PM
....Consequently she will start on a pay package 25% lower than her predecessor Andrew Witty, who retires on Friday. GSK's most recent annual report indicates her basic salary will be about £1m, in contrast with Mr Witty's £1. ...
Pearson boss sees pay boost despite firm's struggles image
Source : BBC [Read Article] Friday 24th of March 2017 04:28:38 PM
....At the start of 2016, Pearson announced 4,000 job cuts and also lowered its profit forecast. Pearson, the former owner of the Financial Times, said Mr Fallon's basic salary was frozen and would remain so in 2017. ...
Bonus for Pearson chief despite biggest loss in company's history image
Source : Guardian [Read Article] Friday 24th of March 2017 03:30:57 PM
....2m, a year when no bonus payouts were made to senior management because they failed to hit targets. Elizabeth Corley, chairman of Pearson’s remuneration committee, said that, in light of the company’s struggling performance, Fallon’s £780,000 salary would be frozen for the second year running. ...
Call for 'decently paid' maternity leave image
Source : BBC [Read Article] Friday 24th of March 2017 12:18:17 AM
....The trade union body says only Ireland and Slovakia have worse "decently paid" entitlements. It defines decently paid as two-thirds of a woman's salary or more than £840 a month. ...
Crest Nicholson to pay bonuses despite shareholder revolt image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:10:32 PM
.... The target had already been cut from the 18%-22% in 2015. If the company hits the target, then chief executive Stephen Stone will receive a share bonus worth almost £812,000 on top of his salary of £541,158 and cash bonuses, while chief operating officer Patrick Bergin could collect £562,500 on top of his £375,000 salary. ...
London now 'cheaper to live than New York and Tokyo', plus Viagogo snubs MPs image
....Average house price at 7. 6 times annual salary, official figures show. ...
Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
.... He also received a recruitment award last year of £632,000. His annual cash bonus rose by £178,000 to £759,000, but his £925,000 salary remained frozen. ...
Bosses' incomes are 386 times higher than Living Wage image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:21:15 PM
....The Equality Trust, which was set up in 2009 and aims to reduce economic inequality, examined the 2015 annual reports of FTSE 100 companies. It found that more than two thirds of chief executives were paid in excess of 100 times the average UK salary of £27,615. ...
Number of women working past 70 in UK doubles in four years image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 01:05:53 PM
....Nathan Long, analyst at Hargreaves Lansdown, said: “The increase in the number of people working over 70 is predominately because they want to work later, not because they need to. But we do expect that to shift rapidly as final salary pension schemes are phased out, and more people come to retirement underfunded. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
.... Those factors underscore the challenge for Theresa May to take the UK out of the EU while vowing to cut inequality and create an economy that “works for everyone”. Chiming with research by other groups that suggests the squeeze will accentuate inequality, the trust found more than two-thirds (67%) of FTSE 100 CEOs were paid more than 100 times the average UK salary. ...
The last call for savers to cash in on tax relief image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 12:01:00 AM
....This tax year you can save up to £40,000 in a pension, a maximum limit known as the annual allowance. You cannot save more than you earn each year, so if your annual salary is £30,000, that is the maximum you can put aside. ...
Waitrose axes free coffee for shoppers – unless they buy something first image
....The change is the latest example of belt-tightening by the grocer, which is part of the employee-owned John Lewis Partnership. Earlier this month the company slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
....Carney said the Bank’s response had been tougher than would have been expected from the banks it regulates. Her salary rise had been blocked, she had been reprimanded and her assignments as chief operating officer – a role she still holds – had been reassigned. ...
Happiness report: Norway is the happiest place on Earth image
Source : BBC [Read Article] Monday 20th of March 2017 08:43:03 AM
....The report also suggests that professional "white collar" jobs are associated with improved happiness over "blue collar" roles - but that having a job at all is one of the biggest factors. And while "those in well-paying jobs are happier and more satisfied with their lives", that effect has diminishing returns - "an extra $100 of salary is worth much more to someone at the lower end of the income distribution than someone already earning much more. ...
'Out of control' image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:11 AM
....". Instead, Enabled charges companies, typically a one-off fee equivalent to 10% of a person's annual salary. ...
British firms warned over new wave of pay revolts at AGMs image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:59:57 PM
.... Royal London Asset Management, which manages £100bn of assets, intends to vote against any long-term bonus scheme which increases the potential maximum payout for company bosses. Ashley Hamilton Claxton, corporate governance manager at Royal London, said she expected to vote against proposed increases to maximum bonuses and long-term incentive plans (Ltips) which usually involved awarding executives shares as a multiple of their salary. ...
The Observer view on George Osborne as editor of the Evening Standard image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:05:01 AM
.... In effect, he may be no more than a hired columnist with added majesty, able to tell Theresa May and the battalions of Brexit where to get off with seeming authority. But, still, “editor” sounds like a proper job, demanding a proper salary – and hot and cold chauffeurs ferrying him door to door. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
....Osborne is already paid £650,000 a year for one day’s work a week for fund manager BlackRock. He has earned £800,000 for 15 speaking engagements in the last year, collects a £120,000 a year stipend from a US thinktank and has a book deal on top of his £75,000 MP’s salary. ...
Average house price at 7.6 times annual salary, official figures show image
Source : Guardian [Read Article] Friday 17th of March 2017 12:45:03 PM
....Rising house prices now stand at an average 7. 6 times the average annual salary, more than double the figure for 20 years ago, according to official figures. ...
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
.... . Former Labour minister Lord Mandelson described Mr Diamond as the "unacceptable face of banking", claiming he had been paid a salary of £63m for "deal-making and shuffling paper around". ...
Over-55s urged to wise up on pension advice image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 10:43:00 PM
....In reality, they would need £126,000 to generate that amount. Similarly, they would need a pot totalling £244,000 to generate retirement income of £13,300 a year, or £500,000 to generate £27,000 a year, which is close to the average national salary for those in work. ...
Public sector workers first to face cut in real pay, says thinktank image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:32:43 AM
....The Resolution Foundation said pay growth has been particularly weak in health and social work and could fall by a further 6% by 2020, though the lowest earners will be protected from falling pay because of planned increases in the national living wage. A study in January by the TUC calculated that midwives, teachers and social workers would see their real pay, which accounts for the impact of inflation, drop by more than £3,000 by 2020 if the government sticks to plans to limit salary increases to 1% a year. ...
Ikea drivers living in trucks for months image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:00:20 AM
....Lorry drivers moving goods in Western Europe for Ikea and other retailers are living out of their cabs for months at a time, a BBC investigation has found. Some drivers - brought over from poorer countries by lorry firms based in Eastern Europe - say their salary is less than three pounds an hour. ...
New GlaxoSmithKline chief to earn 25% less than her predecessor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:04:51 PM
....”. According to the annual report, her pay consists of four pay components: a £1m basic salary, which is 10% lower than Witty’s; 20% of her salary paid into her pension, which GSK says is “significantly lower” than Witty, who has a more generous defined benefit arrangement; an annual bonus worth up to 100% of her salary, or 200% in exceptional circumstances – less than the 125% of salary that Witty could have achieved; and a long-term incentive plan award of shares worth up to 550% of her salary, less than the 700% grant that Witty could have received. ...
Too many firms game the system. They should be transforming lives  | Aditya Chakrabortty image
.... In turn, Wilkes and Doherty were gradually finding they couldn’t manage without their latest volunteer. But the trouble is, even the two women who run Neo don’t take a salary from it – they were in no position to offer him a job. ...
Top executives may be brilliant – but their pay's about timing and luck image
. If you are the chief executive of a FTSE 100 company, and thus the recipient once a year of oodles of share-based incentives worth several times your £1m-ish salary, the quickest way to get seriously rich is as follows. ...
Anglo American caps bonus payouts after shareholder revolt image
Source : Guardian [Read Article] Monday 13th of March 2017 05:16:47 PM
....60 in early 2015 to below 225p in January 2016 before rallying to more than £11 again. These movements have an impact on executive pay as bonuses are linked to awards of shares relative to salary: when the share price is low the executive receives a higher number of shares and when the share price rallies the shares that are released from long-term schemes are worth more. ...
Bogus self-employment exploits workers and scams the taxman | Paul Mason image
....In 2014 the government legislated that if a worker is “under the control, direction and supervision” of a construction company they must be deemed an employee, and the company becomes liable for NICs. In response, workers are being forced to operate via “umbrella companies” paying themselves a tiny salary and large dividends, to avoid tax. ...
A helping hand with childcare: options to make your child and wallet happy image
.... Parents apply by opening an online account, which they pay into, and which will then be topped up by the government to cover the cost of childcare with a registered provider. Under the existing Childcare Voucher scheme offered by many workplaces, parents can pay for childcare via salary sacrifice. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....He also collects a £120,000-a-year “stipend” from a US Republican thinktank, and received an estimated £100,000 advance for his forthcoming book Age of Unreason which explores the rise of “populist nationalism”. Then there is an annual dividend of £44,000 from his family’s upmarket wallpaper business, Osborne & Little – and it is all on top of his £75,000 salary as the Right Honourable member for Tatton. ...
Pay boosts for Shell and Rolls-Royce bosses despite profits slide image
....He secured a total pay package of £2. 1m for 2016, including the bonus and a £925,000 salary, according to the firm's annual report. ...
The Guardian view on trust in politics: pledges and conventions matter | Editorial image
.... It carries authority that Mr Osborne can either cultivate or squander. In taking a £650,000 per year salary for a part-time job with a fund management company, Mr Osborne has signalled that he is uninterested in his reputation as a former steward of the nation’s finances, except insofar as it can be turned to the betterment of his personal finances. ...
Institute for Fiscal Studies backs National Insurance increase image
Source : BBC [Read Article] Thursday 9th of March 2017 01:00:13 PM
.... A higher rate tax payer will pay £975. Many small traders and individuals set up businesses by forming a company and paying themselves through dividends as well as a salary. ...
Sir Martin Sorrell's £42m payout takes earnings to £210m in five years image
....6m payout is the last from the Leap scheme, which will be replaced with a less generous deal which investors expect to pay out less than £20m. The near £42m will be added to Sorrell’s salary, bonus and other extras when WPPpublish its annual report and will probably push his full remuneration for 2016to closer to £50m. ...
Tesco to pay back thousands of underpaid staff image
Source : BBC [Read Article] Thursday 9th of March 2017 11:24:00 AM
....The supermarket is set to pay out about £10m with most workers getting up to £40, although some could get much more. Some staff were paid less than the National Living Wage after contributing part of their salary to pensions, childcare and cycle to work schemes. ...
Tesco to pay out nearly £10m to staff after payroll errors image
Source : Guardian [Read Article] Thursday 9th of March 2017 10:56:20 AM
....A review of its systems found that mistakes had been made for some workers who paid into voluntary schemes such as pensions, childcare vouchers, and cycle to work programmes. As a result, their pay after such salary sacrifice did not reach national minimum wage levels. ...

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