Then I asked the pivotal question, "How would you want this handled if you were one of the performers?" That changed everything. Instead of firing people, they decided to clarify expectations, to see if the people even knew what was expected of them.
Almost half of Britain's bankers and other financial services professionals to receive 2013 bonuses were awarded more than the previous year, with the average payout rising by nearly a third, a survey showed on Tuesday. The increase comes against the backdrop of public and investor anger over excessive compensation and European Union efforts to cap payments. A series of banks have recently disclosed that payments are on the rise, upsetting shareholders who believe that bonuses should reflect company performance. The European Union has sought to address that issue with a law that limits bonuses to no more than a banker's fixed salary, or twice that level with shareholder approval.
LOS ANGELES (AP) — With more trains and buses to take, and the appeal of using travel time for pursuits other than dodging traffic, Americans are taking greater advantage of a renaissance in public transit, according to a new report.
Target Corp has been sued by Swatch Group SA, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own. In a lawsuit made public on Monday in U.S. District Court in Manhattan, Swatch, which is known for its plastic namesake watches, accused Target of infringing its designs for "zebra" and "multi-color" watches. Swatch said the quality of Target's watches is "inferior" to its own, and that their continued sale is likely to confuse shoppers and damage the Swiss company's sales. It also said it advised Target of the alleged infringement, but that the Minneapolis-based company continued its sales.
The purpose of the U.S. antitrust laws is to protect competition and not competitors. That is a simple lesson Mr. Son should consider before he tries to justify an anticompetitive deal with a smokescreen of mischaracterizations and false statements about the state of the U.S. wireless broadband market.
To succeed on LinkedIn, devote some attention to understanding the rules, described below. The penalties associated with breaking them can negatively impact your visibility and ability to use LinkedIn successfully.
By Noel Randewich SAN FRANCISCO (Reuters) - The loss of 20 key Freescale Semiconductor employees in the disappearance of a Malaysian airliner on Saturday raises questions about whether the company should have allowed so many of them to board the same plane, but security experts said that at big corporations it's hard to avoid. The disappearance of Malaysia Airlines' Flight MH370 about an hour into its journey to Beijing remained a mystery on Monday as a search orchestrated by 10 countries failed to find traces of the plane or the 239 people on board. It was a blow to Austin, Texas-based Freescale. The vanished employees were engineers or specialists involved in projects to streamline and cut costs at key manufacturing facilities in China and Malaysia.
EBay Inc on Monday rejected activist investor Carl Icahn's two nominees to its board, saying both were unqualified, and urged shareholders to vote against them at its next annual meeting. Icahn, who owns just over 2 percent of the e-commerce company, has been pressuring eBay for weeks to spin off its PayPal payments business. He has also repeatedly accused eBay of poor corporate governance. The chairman of eBay's corporate governance and nominating committee, Richard Schlosberg III, said the board considered both but rejected them because "neither nominee has relevant experience or expertise." EBay said since each Icahn nominee currently sits on four public company boards, they are not in compliance with eBay's guidelines on "overboarding." EBay founder and Chairman Pierre Omidyar in a statement urged shareholders to support the company's slate, which includes Chief Executive John Donahoe.
By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks dipped on Monday, weighed down by soft data out of China and Boeing's latest production setback. Merger and acquisition announcements, however, as well as company-specific news including on Facebook and Alexion Pharma, helped keep the S&P 500 and Nasdaq from bigger losses. China's exports unexpectedly tumbled 18.1 percent in February, against expectations for a 6.8 percent rise, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy. There's a little bit of profit-taking," said Paul Zemsky, head of asset allocation at ING Investment Management in New York.
By Olivia Oran NEW YORK (Reuters) - Chobani, the Greek yogurt maker that has grown into a U.S. sensation, is looking to sell a minority stake in a deal that could value the company at around $2.5 billion, people familiar with the matter said. The company is working with Bank of America Corp as it considers selling roughly 20 percent of itself, and is speaking to consumer companies and private equity firms to gauge their interest, the people said on Monday. Chobani, based in New Berlin, New York, previously held discussions with banks about pursuing an initial public offering, but switched gears in the face of mounting competition from other Greek yogurt companies, the people said. Representatives for Chobani did not immediately respond to requests for comment, while Bank of America declined to comment.
By Jan Strupczewski and Martin Santa BRUSSELS (Reuters) - Euro zone governments edged closer on Monday towards a deal on how to wind down failing banks, but reached no conclusions and more negotiations will take place on Tuesday to address demands of the European Parliament. Negotiations are set to last until Wednesday and may be the final step in a European banking union that would mean one supervisor for euro zone banks, one set of rules to close or restructure those in trouble and one pot of money to pay for it. The role of euro zone bank supervisor has already been assigned to the European Central Bank, which will take up its new duties in November. Talks on a new European agency to shut down failing banks, and on a fund to pay for such closures which together are to form a Single Resolution Mechanism (SRM), need to be agreed before the last sitting of the European Parliament in mid-April.
Entrepreneurs are masters of failure. They scrutinize their mistakes to avoid repeating them. They examine where they went wrong in the past to avoid taking the same missteps in the future. Point of emphasis: they understand failure and experience to be synonymous. As a student entrepreneur, I majored in failure. It only seemed fitting that I create a failure résumé to demonstrate how my own entrepreneurial blunders fortified my experience base. Rapping the résumé while skateboarding down a mountain also seemed to make sense.
A controversial sign displayed on the outside of a Greeley, Colo., barber shop may very well deter some weed-smoking clients, but the business owner isn't backing down. In response to complaints over Hugo's Barber Shop reeking of weed, owner Hugo Corral has endorsed a pot stench-free policy that prohibits clients who reek of marijuana from entering the establishment. The sign, which was put up three weeks ago, USA Today notes, reads: "Please do not come in if you smell like marijuana, there are families with kids who don't want to smell it. This is a business not your house. Thank
Stocks drifted to a slightly lower finish Monday as investors sifted through a blend of discouraging economic data from China and Japan as well as ongoing uncertainty over Russia's incursion into Ukraine.
(Reuters) - William Ackman's hedge fund Pershing Square Capital Management LP said it would unveil on Tuesday details about Herbalife Ltd's violations in China as the activist investor sharpened his attack against the nutritional products company. Ackman has called on regulators to investigate Herbalife's distribution model which he calls a "pyramid scheme," where a company makes most of its money by recruiting distributors rather than selling products to real customers. Herbalife has vehemently denied operating a pyramid scheme. Ackman's "accusations are provably false," Chief Financial Officer John DeSimone said in a New York Times article on Monday.
By Stanley White TOKYO (Reuters) - The Bank of Japan is expected to maintain its massive monetary stimulus on Tuesday on a view the economy can weather a sales tax increase in April without extra support, although there is expected to be some concern about weakness in exports. The BOJ board can point to strength in industrial output, labor demand and consumer spending to back its view the economy will continue a gradual recovery and its 2 percent inflation target is achievable over the next 12 months or so. There is some concern within the BOJ about slow exports, but pessimists are not expected to have the numbers to tip the votes towards a downgrade of the central bank's stance that export growth will eventually rebound. The BOJ launched the stimulus last April, saying it would lift inflation to 2 percent within around two years via aggressive asset purchases as it sought to end 15 years of deflation.