Low-wage employers including Coca-Cola and Hilton hiked CEO pay during pandemic May 11, 2021 Over half of the 100 companies in the S&P 500 Index that pay out the lowest median wages increased CEO salaries last year, according to a report published today by the Institute for Policy Studies. The left-leaning policy group said 51 companies identified boosted chief executive pay by adjusting the rules for assessing executive performance [...]
Vote against Shell’s energy transition strategy, Pirc urges investors May 11, 2021 Shareholder advisory PIRC has recommended investors vote against Shell’s non-binding resolution on its energy transition strategy at its annual meeting next week. The Pensions & Investment Research Consultants (PIRC), a major proxy advisory, said Royal Dutch Shell’s strategy to cut emissions “does not seem to have a clear plan for the competitive aspects of the [...]
Manchester City crowned Premier League champions May 11, 2021 Manchester City were confirmed as Premier League champions with three games to spare after second-placed Manchester United lost 2-1 at home to Leicester City on Tuesday. Pep Guardiola’s City side, who missed the chance to seal the title when they were beaten 2-1 by Chelsea on Saturday, are 10 points clear of United, who also [...]
UEFA moves Champions League final from Istanbul to Porto May 11, 2021 UEFA has moved this month’s Champions League final between Manchester City and Chelsea from Istanbul to Porto, according to Turkish media reports on Tuesday. European football governing body declined to comment on the reports from the media outlets, which included television channel HaberTurk, while Turkish Football Federation officials were not immediately available for comment. Turkey [...]
Queue must be joking: Floridians rush out to panic buy fuel despite being unaffected by pipeline problem May 11, 2021 Long queues for petrol formed in Florida today as locals rushed out to panic buy fuel, despite being largely unaffected by the Colonial Pipeline outage. For the last few days residents in Tallahassee, a city in Floria, have rushed to fill up their vehicles with petrol, causing a local shortage of fuel, news website the [...]
Lex Greensill apologises for Greensill Capital collapse as he faces ‘fraudster’ allegations May 11, 2021 Lex Greensill has apologised for the collapse of Greensill Capital and has blamed it on the firm’s insurance provider Tokio Marine pulling its coverage in March this year. Speaking to a Westminster committee today, Greensill said that “I bear complete responsibility for the collapse of Greensill Capital”, while also apologising to its clients and the [...]
Thyssenkrupp considering IPO or SPAC for hydrogen business, says CEO May 11, 2021 German multinational Thyssenkrupp is considering an initial public offering (IPO) or a deal with a special purpose acquisition company (SPAC) for its hydrogen business, Martina Merz, its chief executive, has said. A 66-34 joint venture of Thyssenkrupp and Italy’s De Nora, Thyssenkrupp Uhde Chlorine Engineers (TKUCE), is the world’s largest supplier of chlor-alkali membrane technologies used to produce hydrogen. In a call [...]
Bitter clash at Astrazeneca as 40 per cent of shareholders reject CEO pay package May 11, 2021 A share bonus hike for Astrazeneca’s chief executive was only narrowly approved in a vote where nearly 40 per cent of the pharma’s shareholders rejected the proposed pay package. The pharmaceutical giant did pass the proposal, however, which could take Pascal Soriot’s total pay, including a £1.3m salary, above the £15.4m he received last year. [...]
City Corporation agrees let for the world’s very first ‘MONOPOLY LIFESIZED’ attraction May 11, 2021 The City of London Corporation has today (11 May) announced it will be hosting the world’s first ‘MONOPOLY LIFESIZED’ attraction within its building at 213-215 Tottenham Court Road. Hasbro, Inc and Gamepath (a new division of international theatre producer Selladoor Worldwide) have released the initial details of the ‘MONOPOLY LIFESIZED’ experience – which is due to open in London on 14 August 2021. The [...]
FCA launches formal probe into Greensill’s UK operations May 11, 2021 The City regulator has launched a formal investigation into the UK operations of collapsed supply chain firm Greensill Capital as part of wider global probes. The Financial Conduct Authority’s chief executive Nikhil Rathi gave the first confirmation the regulator is investigating Greensill seen it collapsed into administration in March. Greensill Capital was the brainchild of [...]
