The Business Times

Pay cuts

International

MUFG Bank CEO, chairman to take pay cuts over safe deposit box theft

Bosch said that those employees, whose contracts stipulated that they work 38-to-40 hours a week, will work only 35 hours a week starting Mar 1.
Transport & Logistics

German auto supplier Bosch to reduce hours for 450 employees due to tough economy

China's national flag flutters outside the China Securities Regulatory Commission in Beijing. Securities brokerages that used to offer some of the highest remunerations last year reported declines in average salaries for the second straight year.
Companies & Markets

China’s securities firms rein in pay packets as pressures mount

Sky-high CEO pay isn;t a secret. And transparency about those big numbers can have surprising effects on the workforce as a whole.
Wealth

Payday just keeps getting sweeter, if you’re the boss

CICC is slashing bonuses after a tough year that saw profit drop by 30 per cent.
Global Enterprise

CICC cuts pay 40% as China crackdown roils broker bonus season

Staff at regulators including the central bank, the foreign exchange regulator, the new authority and the securities watchdog will be paid on par with the nation’s public servants.
International

China’s financial regulators face deep pay cuts after revamp

The cuts apply to a few hundred senior-level managers at the company and don’t affect lower-ranking employees, including salaried workers.
Companies & Markets

Ford cuts senior manager bonuses after disappointing earnings

China’s largest online retailer after Alibaba Group Holding will set up a 10 billion yuan fund intended to help employees.
Startups & Tech

JD.com cuts salaries for about 2,000 managers by up to 20%

In Athens, thousands of people marched in the second 24-hour walkout this year over rising inflation, some holding up banners that read, “No to layoffs, no to pay cuts.”
International

Thousands march as Greeks strike over ‘suffocating’ inflation

Whether in a downturn or when things are flush, the compensation that start-up founders give themselves always sends some kind of message. (Monica Garwood/The New York Times) Ñ FOR EDITORIAL USE ONLY WITH NYT STORY SLUGGED FOUNDER PAY BY LORA KELLEY FOR JUNE 17, 2022. ALL OTHER USE PROHIBITED Ñ
Wealth & Investing

How founders decide what they should get paid

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