Facebook set to raise $16 bn with largest tech IPO
May 18th, 2012 - 11:16 am ICT by IANS
Washington, May 18 (IANS) Pricing its IPO at $38 a share, Facebook, the highly popular social networking site that has over 45 million users in India, is expected to ... Read more...
Posted in Sci-Tech |
Mark Zuckerberg may need to pay $2 billion in taxes
February 8th, 2012 - 8:17 pm ICT by Aishwarya Bhatt
New York, Feb 8 (THAINDIAN NEWS) Facebook founder Mark Zuckerberg may pay up to $2 billion in taxes after his successful social network goes public this year. Tax experts are looking into ... Read more...
Posted in Technology Industry News |
Indra Nooyi, Sanjay Jha among highest paid CEOs in US: Report
May 10th, 2011 - 7:41 pm ICT by IANS
Washington, May 10 (IANS) Five Indian Americans, including PepsiCo chief Indra Nooyi and Motorola Mobility's Sanjay Jha, are among the highest paid CEOs in the US, according to a new ... Read more...
Posted in Business |
US stocks rise on yen intervention, banking shares
March 19th, 2011 - 5:22 am ICT by IANS
New York, March 19 (IANS) US stocks rose Friday after the Federal Reserve announced it will allow banks to boost or restart dividend payments this year and the Group of ... Read more...
Posted in Business |
Citi’s Pandit gets a big raise: from $1 to $1.75 million (Lead)
January 22nd, 2011 - 4:00 pm ICT by IANS
By Arun Kumar
Washington, Jan 22 (IANS) Vikram Pandit, the Indian American CEO of Citigroup Inc, is getting a big boost in his base salary from just $1 to $1.75 million after the ... Read more...
Posted in Business |
Canadian CEO salaries skyrocket amid recession
January 4th, 2011 - 1:09 pm ICT by IANS
By Gurmukh Singh
Toronto, Jan 4 (IANS) Even as other G8 economies struggle to emerge from the meltdown, Canada's best-paid 100 CEOs breezed through the worst of the recession with earnings 155 times ... Read more...
Posted in Business |
Ryanair pilot’s cost cutting idea: replace boss Michael O’Leary
September 15th, 2010 - 7:10 pm ICT by ANI
London, Sept 15 (ANI): A senior Ryanair pilot has proposed a novel way for the budget carrier to save even more money - replacing boss Michael O'Leary with cabin crewmember.Morgan Fischer outlined ... Read more...
Posted in World |
Sack airline boss to cut costs, says pilot
September 15th, 2010 - 1:27 pm ICT by IANS
London, Sep 15 (IANS) A Ryanair pilot has suggested that the airline's boss should be replaced by a trainee member of the cabin crew to cut company expenses, a media report ... Read more...
Posted in Business |
HP sues Mark Hurd, Oracle to pay him annual salary of $950,000 plus 10 million in stock options
September 8th, 2010 - 8:46 pm ICT by Aishwarya Bhatt
California, Sep 8 (THAINDIAN NEWS) Hewlett Packard has sued its former top executive Mark Hurd for picking an appointment at a rival technology company, Oracle.Oracle admitted in a regulatory filing ... Read more...
Posted in Technology Industry News |
HP CEO may get $40 mn severance for illegitimate relations with contractor
August 10th, 2010 - 6:01 pm ICT by ANI
New York, Aug 10 (ANI): The CEO of American IT company Hewlett-Packard, Mark Hurd may get 40 millions dollar severance because of his resignation following the revelation of his illegitimate relationship with ... Read more...
Posted in World |
Indian American doctor ordered to pay $16 mn tax default
January 29th, 2010 - 10:44 am ICT by IANS
By Arun Kumar
Washington, Jan 29 (IANS) An Indian American cardiologist has been sentenced to nearly four years in prison and ordered to pay back to the state the $16 million he failed ... Read more...
Posted in Health |
CEOs in Fortune 500 companies raking in 129 times their ‘ideal salaries’
November 4th, 2009 - 4:49 pm ICT by ANI
Washington, Nov 4 (ANI): CEOs in 35 of the top Fortune 500 companies were overpaid by about 129 times their "ideal salaries" in 2008, according to a researcher at Purdue University.Venkat Venkatasubramanian, ... Read more...
Posted in Business |
Indian American doctor convicted for $16 mn tax evasion
October 9th, 2009 - 12:43 pm ICT by IANS
By Arun Kumar
Washington, Oct 9 (IANS) A federal jury has convicted an Indian American cardiologist for evading more than $16 million dollars in income taxes and filing false tax returns.According to ... Read more...
Posted in World |
Societe Generale chairman to quit
April 29th, 2009 - 1:34 pm ICT by IANS
Paris, April 29 (DPA) Daniel Bouton, chairman of the French bank Societe Generale, was to quit following criticism over risky investments and massive losses, the Le Figaro newspaper said Wednesday.
Bouton said he ... Read more...
Posted in World |
US executive pay packets go up even as economy slumps
April 15th, 2009 - 9:49 am ICT by IANS
By Arun Kumar
Washington, April 15 (IANS) Even as the American economy went into a tailspin, the median salary of chief executives of 200 large US corporations increased by 4.5 percent to $1.08 ... Read more...
Posted in World |
Ford chief earned $13.6 mn despite record losses
March 25th, 2009 - 5:37 am ICT by IANS
New York, March 25 (DPA) Despite record losses, the chief of Ford Motors, Alan Mulally, earned $13.6 million in 2008.
The money included $2 million in regular salary plus long-term stock options, the ... Read more...
Posted in Business |
Citi’s Pandit made $10.8 mn in 2008
March 17th, 2009 - 10:16 am ICT by IANS
By Arun Kumar
Washington, March 17 (IANS) Vikarm Pandit, the Indian American CEO of Citigroup, received a 2008 compensation valued at $10.8 million, the ailing bank that got billions of dollars in federal ... Read more...
Posted in Business |
Bharti Airtel scrip falls as chief executive sells holding
March 12th, 2009 - 7:13 pm ICT by IANS
Mumbai, March 12 (IANS) The scrip of Bharti Airtel declined 6.37 percent Thursday after market data showed that the telecom major's chief executive sold his entire holding in the company in two ... Read more...
Posted in Business |
BlackBerry bosses fined $77 million for option backdating
February 6th, 2009 - 9:50 am ICT by IANS
Toronto, Feb 6 (IANS) BlackBerry co-CEOs and top executives were collectively fined $77 million Thursday for their role in a stock option backdating controversy at the wireless communication giant.The provincial Ontario Securities ... Read more...
Posted in World |
Google profit falls for first time
January 23rd, 2009 - 11:18 am ICT by IANS
San Francisco, Jan 23 (DPA) Google posted the first-ever decline in its quarterly earnings Thursday but still beat market expectations in the withering economic climate.The web search giant said that it earned ... Read more...
Posted in World |
BlackBerry shares fall marginally
January 23rd, 2009 - 10:47 am ICT by IANS
Toronto, Jan 23 (IANS) BlackBerry maker Research In Motion's shares fell only slightly Thursday after the news that its two co-CEOs face a multi-million dollar fine from the market regulatory body.The co-CEOs ... Read more...
Posted in Business |
BlackBerry bosses face $100 mn fine for stock option backdating
January 22nd, 2009 - 10:26 pm ICT by IANS
Toronto, Jan 22 (IANS) Research In Motion (RIM) is facing more trouble after a court here Monday ordered the BlackBerry maker to drop its bid for takeover of an Indian-owned company.The company's ... Read more...
Posted in World |
Reducing CEOs” stock-option compensation can help limit risky investments
October 23rd, 2008 - 12:50 pm ICT by ANI
Washington, Oct 23 (ANI): A new University of Missouri study has found that decreasing option-based compensation of chief executive officers (CEOs) help in reducing risky investments.After the recent credit crunch, people ... Read more...
Posted in National |
Nooyi is top earning woman CEO: Forbes
July 29th, 2008 - 10:41 pm ICT by IANS
New York, July 29 (IANS) India-born PepsiCo chief Indra Nooyi has topped the list of the highest paid female chief executives, who have collectively defied the trend of falling CEO pay at ... Read more...
Posted in Business |
Former EADS co-chief placed under investigation
May 30th, 2008 - 6:53 pm ICT by admin
DPA
Paris, May 30 (DPA) Former co-Chief Executive Officer of European aerospace group EADS Noel Forgeard has been placed under investigation on suspicion of insider trading, French media reported Friday. After being held ... Read more...
Posted in World |
Air India IPO only after performance review
March 18th, 2008 - 10:27 pm ICT by admin
New Delhi, March 18 (IANS) The initial public offering (IPO) of the national carrier Air India would be floated only after a performance evaluation, Civil Aviation Secretary Ashok Chawla said Tuesday. "We ... Read more...
Posted in Business |
Madonna may drop Warner for $120m deal with Live Nation Inc
November 14th, 2007 - 2:01 am ICT by admin
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Posted in Entertainment |