BGN Entrepreneur

The top executives have collective choices to reward themselves even though they have failed to deliver a profit on their investments, which has negatively affected the economy.
However, now the pension fund of the Service Employees International Union is going after American financial companies. It has urged the companies to examine their pay policies.
Twenty-nine American financial companies, including AIG, Citigroup, Morgan Stanley and Goldman Sachs, have been threatened with legal action unless they try to recoup more than $5bn in executive pay and bonuses. They are also required to recover ‘incentivised executive pay‘ awarded to those bosses at the heart of the toxic debt scandal.

Related posts:

1. American Housebuilding Rise Divides Economists
   The number of houses started by builders in the US...
2. European Union Doubles Crisis Fund
   In order to help some key industries in the European...
3. Start Saving towards Future Financial Health
   In the current tough financial times, with many business owners...
4. Union Fury as Lloyds Axes 2000 Posts‏
   The finance sector was hit by another jobs hammer...
5. How to Pick the Right Financial Options
   Using a right financial decision, such as debt consolidation and...