Barclays PLC (ADR) (BCS) has hired the head of Aviva plc (ADR) (AV) and FirstGroup, John McFarlane, in an effort to rebuild relationships with its investors. McFarlane will replace Sir David Walker, who has been Barclays’ chairman since 2012, and will join the bank’s board in January.
BENGALURU: Cognizant Technology Solutions rewarded its top management with hefty bonuses and executive compensation packages, after a stellar performance in 2015 when the Nasdaq-listed software services and consulting firm grew at a scorching pace and overshadowed Indian rivals such as Infosys and Tata Consultancy Services. Chief Executive Francisco D'Souza and his top team received 142% of their target bonuses for the year, resulting in a significant spike to their annual pay packages.
Royal Bank of Canada Chief Executive Officer Gordon Nixon was paid more than his counterparts at JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. as record earnings last year helped most Canadian bank CEOs narrow the pay gap with the U.S.
Want to make a C.E.O. nervous? Ask him what he’s doing about raises. “Hold on, I need to close my door,” one C.E.O. said when he answered a reporter’s recent call on the topic. As year’s end approaches, many firms are making decisions about raises and bonuses for their employees. Those are sensitive, high-stakes decisions anytime. With a recession howling at the door and everyone uncertain about what next year will look like, the stakes have gotten even higher.