Barclays plans overhaul of CEO Venkatakrishnan’s pay
Boss of UK bank would have base salary slashed and total remuneration capped at £14mn
Read more at Financial Times
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Disney CEO Bob Iger's pay package for 2024 jumps to $41 million
Walt Disney Co. Chief Executive Bob Iger was paid $41 million last year, up from the $31 million he made in 2023. Iger has long ranked among the highest paid media CEOs.Los Angeles Times - 6h -
Republicans reportedly ready to cut Medicaid funding to pay for Trump plans
House and Senate Republicans float ideas to pay for Trump’s immigration crackdown and to fund tax cuts. US politics – live updates Republicans are reportedly prepared to cut Medicaid funding ...The Guardian - 14h -
Starbucks’s turnaround plan under new CEO now likely includes job cuts
Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.MarketWatch - 5d -
Thames Water plans to hike bosses’ pay in response to bonus caps
UK’s debt-laden utility warns it will raise salaries if bonus restrictions are enforced by regulator OfwatFinancial Times - Jan. 15 -
Holcim Names Chairman Jan Jenisch as CEO of Planned North American Spinoff
The building materials company appointed Jenisch to lead the spinoff, with Kim Fausing proposed to succeed him as Holcim’s chairman.The Wall Street Journal - Jan. 10 -
NASA overhauls plan to bring samples from Mars back to Earth
NASA on Tuesday announced an overhaul to its plan to collect samples from Mars and return them to Earth.NBC News - Jan. 7 -
Minneapolis Promises Police Overhaul in Deal With Justice Department
With only two weeks left in the Biden administration, officials hurried to finalize a plan in the city where George Floyd was murdered.The New York Times - Jan. 6 -
China’s central bank plans policy overhaul as pressure mounts on economy
People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for creditFinancial Times - Jan. 3
More from Financial Times
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Trump piles pressure on Fed chair Jay Powell to cut interest rates
US central bank widely expected to hold borrowing costs steady at meeting next weekFinancial Times - 5h -
Trump calls on Opec to push down global oil prices
US president tells World Economic Forum he will insist central banks lower interest rates ‘immediately’ afterwardsFinancial Times - 11h -
UK competition regulator to cut staff after ‘budgeting error’
Voluntary exit scheme comes as CMA reels from government’s ousting of its chairFinancial Times - 13h -
Murdoch’s money protects him even from princes
The media tycoon is happy to spend to contain a scandal — including in his legal battle with a British royalFinancial Times - 16h -
Stargate artificial intelligence project to exclusively serve OpenAI
Donald Trump has called the SoftBank-backed venture a ‘resounding declaration of confidence in America’s potential’Financial Times - 3h
More in Business
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Japan hikes rates to highest since 2008 as sustained inflation, rising wages signal 'virtuous cycle' in play
The move comes in line with expectations from CNBC's survey, where an overwhelming majority of economists predicted a hike.CNBC - 11m -
Trump praises President Xi, says he looks forward to 'getting along with China'
During his campaign trail, Trump had floated imposing tariffs upward of 60% on Chinese goods.CNBC - 40m -
Constitutional amendment to allow Trump third term introduced in the House
President Donald Trump has hinted at the possibility of somehow serving a third term in office.CNBC - 1h -
Netflix’s live-sports strategy is paying off. But its next play might surprise you.
Don’t expect Netflix to go head-to-head with ESPN. Here’s where it could still shine in streaming sports.MarketWatch - 3h -
Charles Phan, Whose Slanted Door Elevated Vietnamese Food, Dies at 62
The restaurant, which opened in San Francisco in 1995, married local ingredients with the food he grew up on and buoyed other chefs from immigrant families.The New York Times - 3h