Tripura hikes salaries of ministers, legislatorsSeptember 3rd, 2009 AGARTALA - A bill was passed in the Tripura assembly Thursday increasing the salary of ministers and legislators by 35 percent. The salaries and allowances of the chief minister, ministers, opposition leaders and legislators and pension of the former members of the legislative assembly will be increased by 35 percent.
Wells Fargo says top executives will get more pay through company stock awardsAugust 6th, 2009 Wells Fargo increasing executives salariesNEW YORK — Wells Fargo & Co. said Thursday it is increasing the salaries for its top four executives, including CEO John Stumpf.
Subhiksha has not paid salaries, government toldJuly 27th, 2009 NEW DELHI - The government Monday said it has received a complaint that retail chain Subhiksha had not paid salaries to its employees for the past three months and that outlets were closed without them being informed. "Anil Kumar, an ex-employee of the company, has made a complaint alleging non-payment of salary for three months and closure of all units without any communication from the management," said Corporate Affairs Minister Salman Khurshid in the Rajya Sabha in a written reply.
27 BBC top bosses earn more than the British Prime Minister!June 26th, 2009 LONDON - The salaries of the BBC's 50 top-earning managers showed that 27 of them earn more than the British Prime Minister's 195,000 pounds salary. The documents showed the BBC's Director General earns a salary of 647,000 pounds per annum.
BBC publishes top executives' expense claims, says it will later reveal costliest salariesJune 25th, 2009 BBC publishes top executives' expense claimsLONDON — Britain's state broadcaster, the BBC, published details of expenses claims made by top executives Thursday, amid an increasing public clamor to scrutinize the use of public money. The BBC, which is mainly funded by a 142.50 pound ($232) levy on every household with a television set, said it will also publish details of its top 100 earners and decision-makers later in the year.
Air India seeks employees' help in 'fight for survival'June 20th, 2009 MUMBAI - A day after Air India asked its top executives to forgo their salary for July, the chairman and managing director of the state-run carrier, Arvind Jadhav, saturday appealed to all staff to "rise up to the challenge" and help the airline in its "fight for survival". In a letter to each employee, Jadhav has said that in view of the global crisis, all airlines have been experiencing low fares, poor load factors, drop in premium travel, decline in cargo load and low yields.
Pakistani government raises employees' salaries by 20 percentJune 20th, 2009 ISLAMABAD - The Pakistani government has raised the salaries and pensions of its employees by 20 percent, a senior minister has said. The salary hike will be effective for employees in grades one to 16.
Air India asks senior officials to forego July payJune 19th, 2009 NEW DELHI - Cash-strapped Air India Friday asked its top executives to forego their salary for July, a spokesperson of the national carrier said here Friday. "The top management needs to indicate to all employees in the organisation that every single paisa which can be saved needs to be saved," said Air India chairman and managing director Arvind Jadhav in an internal memo addressed to senior executives.
Germany passes law limiting executive pay; excessive bonusesJune 18th, 2009 Germany passes law limiting executive payBERLIN — Germany passed a law Thursday that limits the salaries top executives are allowed to earn and encourages companies to focus on long-term strategies and performance. Lawmakers from Chancellor Angela Merkel's ruling Christian Democrats and their coalition partners, the Social Democrats, voted in favor of the law, which was drawn up in response to the global economic crisis.
Air India employees warn of strike if salaries delayedJune 15th, 2009 NEW DELHI - Employees of flag carrier Air India Monday threatened to go on strike if the management delays their salaries next month. National Aviation Co of India Ltd (NACIL), which owns Air India, had Saturday said it would pay the June salaries of its around 31,000 employees two weeks into July due to a cash crunch.
Child star of 'Slumdog Millionaire' movie publishes her life story in the UKJune 5th, 2009 'Slumdog' child star, 9, to publish life storyLONDON — One of the child stars of the Oscar-winning movie "Slumdog Millionaire" is to publish her life story. Transworld Publishers says Rubina Ali's book will tell the story of her life in the shantytown where she grew up.
New England newspaper chain Gatehouse Media Inc. to cut salaries of most employees 8 percentMay 29th, 2009 Gatehouse paper chain to cut salaries 8 percentBOSTON — Newspaper publisher GateHouse Media Inc. is temporarily cutting the salaries for most of its 1,500 employees in New England an average of nearly 8 percent to save money and avoid job cuts.
Survey: companies freezing salaries, limiting bonuses say cost cuts may stay as recession ebbsApril 21st, 2009 Survey: cost cuts to remain after recession easesNEW YORK — Salary freezes, bonus reductions and unpaid furloughs have surged in recent months as companies try to survive without layoffs, and a new survey found many businesses intend to keep the cost-cutting measures after the recession eases. Nearly 60 percent of the companies say they are freezing salaries, while another 41 percent have or will tighten bonus criteria for executives.
Gordon Brown wants results from G20 summitMarch 26th, 2009 LONDON - Lashing out at the corporate greed, the British Prime Minister Gordon Brown has said that he would work to set global principles and standards for salaries in the finance sector at next week's G20 summit in London. On Wednesday, Brown promised "detailed results" from the summit as he stopped in New York during a three-continent tour intended to drum up support for a coordinated international response to the global economic crisis.
Over 300,000 Bihar government employees to lose pay over strikeFebruary 28th, 2009 PATNA - More than 300,000 Bihar government employees who had struck work for 33 days will not receive their salaries for this period as the state government has taken a 'no work no pay' stance. 'The government is firm on not paying them salaries to ensure its policy of 'no work no pay',' an official of the state finance department said, adding that a letter to this effect had already been issued.