Latest News for: Executive excess

Edit

HSE sued over prescription of drugs to boy attending mental health service

Irish Independent 13 May 2021
Legal proceedings have been initiated against the Health Service Executive (HSE) over the alleged prescribing of excessive amounts of medication to a child attending a mental health service. The lawsuit is the first to be taken in connection with concerns that children in south Kerry were over-medicated in recent years ... Read More. Explainer ... .
Edit

GIULIETTA TALEVI: Buy high, sell low

Business Day 13 May 2021
Companies, largely in the US but also in Europe, are preparing, writes the FT, “to launch a record wave of share buybacks as executives get comfortable with spending excess cash following a blockbuster earnings season and greater clarity on the trajectory of the world economy.”.
Edit

Get ready for buyback fever

Asiatimes 13 May 2021
This allows companies to reduce the cost of capital, consolidate ownership, inflate important financial metrics, and even free up profits to pay executive bonuses. A combination of the positive economic outlook and excess of cash has pushed companies to launch new share-buyback programs ... The total 2020 repurchase amounted to $24.7 billion ... ....
Edit

Diageo restarts plan to return up to £4.5bn to investors amid rebound

Irish Independent 12 May 2021
When we have excess cash, we have been clear that we will seek to return it to shareholdersIvan Menezes, Diageo chief executive ... Chief executive Ivan Menezes said he is “very pleased with how our business is recovering”. He added. “When we have excess cash, we have been clear that we will seek to return it to shareholders.” ... Daily Digest Newsletter ... .
Edit

Amazon Wins Appeal Over $300 Million EU Tax Bill

Wall Street Journal 12 May 2021
Amazon . com Inc ... The decision is a significant blow to Margrethe Vestager, an executive vice president of the commission who is leading a campaign to curb alleged excesses by some of the world’s largest tech companies, including Amazon and Alphabet Inc.’s Google. Ms ... Ms ... Ms ... .
Edit

The Walgreens share price is up 30% in 2021. Should I buy?

The Motley Fool 12 May 2021
Walgreens. an overview ... In its second quarter results, the company indicated that it’s on track to deliver in excess of $2bn in annual cost savings by the 2022 financial year. If this is executed, it should boost profitability ... So if margins are weak and it’s paying a dividend, I’m unsure how it will make a dent in its debt pile from excess cash flow ... .
Edit

Sanders vows tougher oversight of defense contractors as Budget Committee chairman

The Hill 12 May 2021
“I find it interesting that despite the fact that the lion’s share of revenue for some of the defense contractors comes from the taxpayers of the United States, these same companies provide their CEOs and executives excessive and extremely large compensation packages," he said.
Edit

Sanders Slams Pentagon for “Waste, Fraud & Abuse,” Vows More Stringent Oversight

truthout 12 May 2021
The Pentagon has a budget of a whopping $740 billion this year ... “Further, I find it interesting that despite the fact that the lion’s share of revenue for some of the defense contractors comes from the taxpayers of the United States, these same companies provide their CEOs and executives excessive and extremely large compensation packages.”.
Edit

It really is time to say cheers! Guinness and Smirnoff maker Diageo kicks-off scheme to ...

The Daily Mail 12 May 2021
Guinness and Smirnoff Vodka owner Diageo plans to return £4.5billion to its shareholders after benefiting from Britons flocking back to pubs and restaurants amid the easing of lockdown restrictions ... Back on track ... Share ... Chief executive Ivan Menezes said. 'When we have excess cash, we have been clear that we will seek to return it to shareholders ... .
Edit

BusinessWorst-paying blue chip employers bolstered CEO pay in pandemic, report says

Reuters 11 May 2021
More than half of 100 companies with the lowest median employee wages in the S&P 500 Index boosted CEO pay by changing the rules for assessing executive performance during the COVID-19 pandemic, according to a report by a left-leaning policy group published on Tuesday.
Edit

Worst-paying blue chip employers bolstered CEO pay in pandemic, report says

Metro USA 11 May 2021
NEW YORK (Reuters) – More than half of 100 companies with the lowest median employee wages in the S&P 500 Index boosted CEO pay by changing the rules for assessing executive performance during the COVID-19 pandemic, according to a report by a left-leaning policy group published on Tuesday.
Edit

The True History Of Movie Spoilers

What Culture 11 May 2021
People will always be spoiled because there are always trolls out there keen to "ruin" the experience for others, and there will always be those who place an arguably excessive, hyper-paranoid focus on plot details over their execution ... With that in mind, let's dig in and see quite how movie discourse has gotten to this point... Advertisement. Next .
Edit

EnergyOccidental Petroleum loss narrows as chemicals, oil exports gain

Reuters 11 May 2021
Occidental Petroleum Corp (OXY.N) on Monday surpassed Wall Street expectations by reporting a smaller first-quarter loss than a year ago, boosted by earnings from chemicals and oil exports ... "Occidental is well positioned to continue to use excess cash flows, coupled with asset sales proceeds, to reduce debt,” Chief Executive Vicki Hollub said.
Edit

Occidental Petroleum Loss Narrows As Chemicals, Oil Exports Gain

Yahoo Daily News 11 May 2021
Read full article. News1811 May 2021, 1.00 am·2-min read ... Analysts had expected a loss of 33 cents per share, according to Refinitiv ... “Occidental is well positioned to continue to use excess cash flows, coupled with asset sales proceeds, to reduce debt,” Chief Executive Vicki Hollub said ... The business handles its crude oil exports ... TRENDING ... .
Edit

How Biden's stimulus could cause some large companies to raise wages and bring childcare to ...

Business Insider 11 May 2021
President Joe Biden ... Employers may be reluctant to hike pay at this stage, fearful that high consumer demand could taper off later in the year and leave them with excessive payroll costs. "You're competing with a temporary unemployment supplement," Neal Bradley, executive vice president of policy at the Chamber of Commerce, told The New York Times.
×