Google execs to get lower bonuses in cost-cutting move following layoffs
Google Chief Executive Sundar Pichai said top executives would take pay cuts following the largest round of layoffs in the company’s history. Speaking at a companywide meeting on Monday, Pichai said employees at the senior-vice president level and above would get lower bonuses as part of cost-cutting measures, according to people who heard the remarks. The comments came after […]
U.S. corporate greed has gone too far, says Norway fund manager
“‘We think in particular in the U.S. the corporate greed has just gone too far.’” That’s the head of Norway’s $1.3 trillion sovereign wealth fund, speaking Wednesday in the ritzy Swiss ski community of Davos about how extravagant executive pay packages have gone too far. In his comments at this week’s World Economic Forum, Nicolai […]