News

Target is giving all store workers another bonus of at least $500

Target plans to give all its employees a bonus after a strong year for sales during the pandemic. Hourly employees will receive $US500, while salaried employees and store leadership will receive up to $US2,000. It’s the fifth round of bonuses Target’s given out since the pandemic began nearly a year […]
Target is giving all store workers another bonus of at least $500
Markets

Big businesses are protecting exec pay by rewriting bonus plans and changing performance targets during COVID-19, a report has found

Big businesses are protecting executives’ pay by rewriting bonus plans and changing performance targets, a report has found. Companies have added non-financial targets and written off worst-performing months, Semler Brossy Consulting Group said. For example, Olive Garden parent company Darden Restaurants modified its bonus plans so that lower sales at […]
Big businesses are protecting exec pay by rewriting bonus plans and changing performance targets during COVID-19, a report has found
Markets

Wall Street bonuses plunged 17% in 2018

Wall Street bonuses plunged 17% in 2018, according to data from the Office of the New York State Comptroller. The average bonus for New York City securities industry professionals fell from $US184,400 in 2017 to $US153,700 last year. The total bonus pool of $US27.5 billion was down 14% from the […]
Wall Street bonuses plunged 17% in 2018
Markets

US regulators are reviving efforts to place limits on Wall Street pay

Formulating new rules to limit Wall Street pay is back on regulators’ front burners, according to a new report from The Wall Street Journal published on Tuesday night. The US financial collapse and ensuing Great Recession began more than a decade ago, and that financial turmoil led to financial regulations […]
US regulators are reviving efforts to place limits on Wall Street pay