Latest News for: Executive excess


GMDA readies to prevent waterlogging on city roads ahead of monsoon

Hindustan Times 04 Jun 2023
The authority will also construct an additional drain along the leg-two stormwater drain which passes through MDI Chowk, Atul Kataria Chowk, Sheetla Mata Road, New Palam Vihar, Daulatabad and merges with the Najafgarh drain to ensure excess water does not spill onto the streets, officials said.

Nigeria Cocoa Production Costs Rise Due to Higher Gasoline Prices

Market Watch 02 Jun 2023
By Obafemi Oredein. Special to Dow Jones Newswires. IBADAN, Nigeria--Cocoa production costs have increased in Nigeria due to the higher price of gasoline, transporters and traders said Friday ... NNPC's Chief Executive Mele Kyari said the subsidy bills were unsustainable for the government, and in excess of NGN400 billion ($865.9 million) every month ... .

How Australia\u2019s most decorated soldier committed war crimes

Indian Express 02 Jun 2023
It blamed a culture \u201cfocusing on prestige, status and power\u201d for the excesses. Australia Defence Association executive director Neil James said the damning defamation judgement against Roberts-Smith would \u201chelp clear the air in the public debate\u201d about war crimes in Afghanistan.

Fed agrees to liquidate Silvergate Bank

OBN 02 Jun 2023
Silvergate Bank to move to self-liquidation. The U.S. Federal Reserve (Fed) today issued an order agreeing to liquidate its banking operations against Silvergate Capital and its banking business, Silvergate Bank ... It is also prohibited to enter into contracts that allow excessive compensation for newly hired or reassigned executives. What is FRB ... bottom.

Woman claims bomb in bag on being charged for excess luggage at Mumbai airport; arrested

Indian Express 01 Jun 2023
The Sahar police station officials have arrested a passenger at the Mumbai airport who claimed that she had a bomb in her bag, during an argument with airline executives over charges of carrying excess luggage ... by the staffer that she needs to pay extra charges for excess luggage.

Ryanair fine by Hungarian consumer body is overturned in court

The Irish Times 01 Jun 2023
Michael OLeary, chief executive of Ryanair, holds up a poster reading "scrap 'excess profits' tax on loss making airlines" as he hosted a press conference in Budapest, on September 13th, 2022 ... passengers the cost of a €10 per passenger “excess profits” tax levied by the country.

Elizabeth Warren, J.D. Vance team up on bank CEO crackdown

Politico 01 Jun 2023
Warren on Thursday unveiled Congress’s most politically viable response yet to the economy-shaking collapse of Silicon Valley Bank, with a bill backed by 12 other senators that would require the government to claw back executive compensation at large failed banks in a bid to deter excessive risk-taking.

Florida’s homeowner insurance rates are four times the national average. That’s not getting better anytime soon.

CNN 01 Jun 2023
... excess claims ... Insurance companies have been allowed to plunder profits from the state in the form of excessive payouts to executives and sister companies and by shortchanging policyholders,” said Stephen Cain, president elect of the trade group representing Florida trial lawyers.

Silvergate to submit shutdown plan in coming days after Federal Reserve order

Cryptoslate 01 Jun 2023
The Federal Reserve Board said June 1 that it issued a consent order to the crypto-friendly bank Silvergate, instructing it to wind down operations. Must protect depositors ... The order specifically disallows “golden parachute” agreements that could excessively compensate new or reassigned executives. Time’s up ... ....


Citizen Tribune 01 Jun 2023
and other governmental entities through prime contractors; changes in fuel and other transportation costs, insurance costs and weather conditions; changes in government regulations, including environmental and health and safety regulations; failure to comply with domestic and ...

W. R. Berkley Corporation Forms Berkley Specialty Excess

The Joplin Globe 31 May 2023
WRB) today announced the formation of Berkley Specialty Excess to offer excess liability coverages in specialized markets, with an initial focus on the environmental and energy industries ... Robert Berkley, Jr., president and chief executive officer of W ... Insurance and Reinsurance & Monoline Excess.

Gasoline Prices More Than Double in Nigeria After Removal of Petroleum Products Subsidy

Market Watch 31 May 2023
The chief executive of the NNPC, Mele Kyari, said last week that subsidy bills were in excess of 400 billion naira ($864.5 million) every month for the federal government ... products requirements and export the excess, according to Aliko Dangote, chairman of the Dangote Group.

Brand Watch: Big business promises to tackle inequality, but activists are dubious

Reuters 31 May 2023
Irit Tamir, director of Oxfam America's private sector department, notes that the report remains evasive on business-as-usual practices such as share buy-back schemes and excessive executive pay ... Alex Cobham, chief executive of The Tax Justice Network (TJN), a UK-based ...

'Grossly unfair trial': Saudi Arabia executes two Bahrainis on terrorism charges

India TV 30 May 2023
Saudi Arabia has killed two Bahrainis accused of plotting terrorist operations, state media said on Monday, raising the number of executions to nine this month ... There have been in excess of 40 executions in Saudi Arabia up to this point this year, as per an AFP count in view of state media reports.

Sierra Metals Announces Completion of Refinancing Agreement With Major Lenders

Enid News & Eagle 30 May 2023
... growth,” said Ernesto Balarezo, Interim Chief Executive Officer, Sierra Metals ... (i) covenants regarding executive management continuity; and (ii) mandatory prepayments in the case of excess free cash flow and equity subscription proceeds not required for capital expenditures.

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RFKC4:3. 25 March 1968. Senator Robert F. Kennedy addresses a crowd at San Fernando Valley State College during 1968 presidential primary campaign
Sven Walnum, The Sven Walnum Photograph Collection/John F. Kennedy Presidential Library and Museum, Boston, MA