Executive fat cats
Executive fat cats
GOLDMAN Sachs, Wall Street's dominant investment bank, set aside $3.8 billion (£2.5bn) for pay and bonuses for the second quarter - equivalent to £105,000 for every employee - despite seeing net profits slashed by more than 80 per cent.
BT IS heading for a clash with unions tomorrow when its annual report is expected to reveal that chief executive Ian Livingston has been awarded a £1 million-plus bonus despite laying off 35,000 staff over the past two years.
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AN INVESTORS group demanding reform of sky-high bankers' salaries is "pessimistic" about seeing an end to what it calls the "remuneration arms race".
GOLDMAN Sachs, the under-fire investment bank, yesterday risked a further public backlash after announcing a pay and bonus pot of $5.49 billion (£3.56bn) as it posted a steep hike in profits for the first three months of the year.
LORD Mandelson has launched an attack on one of Britain's richest bankers.
ONE of Britain's highest-paid bankers pocketed £63.3 million last year.
THE boss of part-nationalised Lloyds Banking Group has given up a £2.3 million bonus.
THE Scottish Government is to examine whether public bodies should reveal how many staff earn in excess of £150,000
SCOTTISH ministers are considering a 5 per cent cut on public sector "fat cat" salaries and using the cash to help the lower paid during the recession, Scotland on Sunday can reveal.
BANK of England Governor Mervyn King last night hit out at the "business as usual" culture in Britain's banks.
CITY financiers will together pocket New Year bonuses of more than £6 billion – 50 per cent more than a year ago – as the rest of the country faces growing unemployment and public-service cutbacks, according to research published today.
STAFF at investment bank Goldman Sachs have notched up an average £325,000 in pay and bonuses so far this year despite government pressure to curb pay-outs.
A CLAIM for £30 million in unpaid bonuses was launched by 72 bankers yesterday.
A GLOBAL crackdown on bankers' pay was demanded by the world's top 20 industrial countries yesterday.
A SIMPLE cap on bonuses paid to City bankers would be "unenforceable", Chancellor Alistair Darling has warned.
GORDON Brown called for a cap on bonuses as he warned financial institutions were still behaving "reprehensibly" despite the credit crunch.
A FRESH row has erupted over "excessive" banking bonuses after Lord Adair Turner, chairman of the City watchdog, claimed Britain's financial sector has grown "beyond a socially reasonable size".
THE Royal Bank of Scotland has been accused of failing to learn the lessons from the recent banking crisis after it reportedly agreed to pay £10 million to attract two new bankers.
THE City's watchdog has been accused of "capitulation" as it watered down key proposals to rein in bank pay.
NETWORK Rail (NR) bosses have seen off a challenge to change the company's controversial bonus scheme.