Remove business executive-pay-bonuses
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HSBC nearly doubles CEO’s pay despite fall in fourth-quarter profits

TheGuardian

The London-headquartered lender disclosed on Wednesday that it had settled on a $10.6m (£8.4m) package for Quinn, marking a significant rise from the $5.6m he received for 2022, thanks to a long-term bonus in HSBC shares worth more than $5m. Continue reading.

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Walmart To Reward Workers With $550M In Bonuses Amid Coronavirus

PYMNTS

To honor staffers who are maintaining stocks of supplies on shelves as shoppers visit locations in droves, Walmart said it would pay almost $550 million in bonuses to hourly workers. The biggest grocery in the country said the special bonuses would be over $365 million in total. The retailer has over 1.3 and over 2.1 and over 2.1

Retail 257
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Iconic British Retailer John Lewis To Shutter Stores Amid Pandemic

PYMNTS

The executive noted that the store closings would signify the elimination of positions and cautioned that it is very improbable that the group will pay out a bonus in 2021. The closings occur as the eatery business in Britain, as well as other places, suffers from the shutdowns brought about by the coronavirus pandemic.

Retail 183
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Lawsuit Alleges Toys R Us Execs Bilked Company During Bankruptcy

PYMNTS

A lawsuit filed in New York representing a trust of more than 100 creditors for Toys R Us claims that executives took bonuses they shouldn’t have and had inappropriate financial relationships with private equity owners, all while the company was crumbling due to increased competition from companies like Walmart and Amazon.

US 159
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A Third Of US Companies Slashed Worker Pay For Pandemic

PYMNTS

A new survey by global outplacement and executive and business coaching firm Challenger, Gray & Christmas found that 30 percent of companies have cut pay in response to the pandemic, the company announce in a press release. Fifty-five percent of those companies said the pay cuts allowed them to avoid layoffs in the long run.

Company 131
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‘Non-Essential’ Retailers Step Up For Their Employees

PYMNTS

Let’s face it, if you’re a supermarket or pharmacy chain that is most likely seeing the same or even more revenue during the COVID-19 crisis, it’s fairly easy to give employees bonuses and commit to their long-term employment. The company will provide all employees with applicable pay and benefits for this period.

Retail 167
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Domino’s Global Sales Rise 4.4 Pct Amid Contactless Delivery, Social Distancing Efforts

PYMNTS

business are encountering temporary closures, but all other locations are still open and serving diners. business model has adapted to the new environment and its procedures have “changed considerably” over the last two months. Bonuses and Health Benefits. But he noted that the U.S. Domino’s reported revenue of $873.1