Google's salary practices are back in the spotlight for all the wrong reasons. Three women who worked for the company are suing over gender-based wage discrimination. The plaintiffs claim Google knew about the pay inequalities (or, at least, should h...
Google is an enormous company by most standards, but it now has one more notch under its belt: the US' best-paid CEO. A company SEC filing has revealed that Sundar Pichai received the equivalent of $199 million in stock earlier in February, giving h...
If you're on the hunt for a job, chances are good that getting a decent raise is part of your plan. Or at the very least, it's worth doing some research to figure out what others doing similar work are getting paid, so you can make sure you're gett...
Sharp is already in full-on belt-tightening mode, and it's not just cutting jobs to keep its staffing costs in line with shrinking finances. The sinking tech giant is doubling the size of executives' salary cuts to 10 percent for a year-long period, all the while slashing planned 2013 bonuses to half of what they were in June. Sadly, everyday workers will have to take some of the same medicine. They're facing similar bonus cuts and will have to take a 7 percent drop in salary for the same year. Between these steps and cuts to extras like travel allowances, Sharp hopes to save ¥14 billion in the current fiscal year, or about $180 million -- a small amount next to the $2 billion in credit the company just recently obtained, but also a sign of just how much penny-pinching is involved in keeping the corporate ship afloat. Let's hope the sacrifice pays off.
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Sharp further cuts bonuses and salaries to stay above water, save $180 million originally appeared on Engadget on Wed, 12 Sep 2012 01:15:00 EDT. Please see our terms for use of feeds.
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Sprint Nextel's $15.5 billion gamble on Apple's iPhone will apparently lighten CEO Dan Hesse's proverbial wallet by $3.25 million this year. That's how much compensation Hesse agreed to give back to help placate investors unhappy about the high cost of the company's iPhone deal. Securing the iPhone has already paid dividends for Sprint in terms of sales. The company sold 1.5 million iPhones in the first quarter while posting a net subscriber growth of 263,000. That didn't stop Sprint from posting an $863 million net loss during the same period, however, causing some investors to grumble about the cost of subsidizing Apple's phone. The subsidy Sprint pays for each iPhone is 40 percent higher -- about $200 -- than what the company pays for other competing devices. Don't feel too bad for Hesse, though. Apparently, the financial gesture basically brings back his "compensation target opportunities" to 2010 levels.
Sprint CEO takes pay cut as investors voice concern about cost of iPhone deal originally appeared on Engadget on Sat, 05 May 2012 16:51:00 EDT. Please see our terms for use of feeds.
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