Of all the issues that motivate investors to call for a board shakeup, executive compensation is probably the most explosive, and new disclosure regulations on pay packages for directors as well as managers will make the topic even more prominent this year.
Postdocs in the United States earning less than $47,476 a year are in for raises later this year, thanks to a new regulation on overtime pay announced yesterday by the U.S. Department of Labor (DOL).
Labour yesterday wrote to the Independent Commissioner for Standards asking him to investigate whether Lord Blencathra had breached regulations designed to stop lords taking on paid advocacy roles which could interfere with their job as legislators.
You've been watching a roundtable conversation about everything from banks to regulation to pay to John Thain's next job, right here on the "INSIDE TRACK".
If the will of shareholders in cases like this is ignored, it will only be a matter of time before the government introduces tougher regulations on executive pay," said Simon Walker, the IoD's director general.
But the closest thing that existed then to regulations on hours, pay or stipulated notice for domestic workers was a pledge written by women of the Y.W.C.A., which employers and workers could voluntarily sign.
A government spokesman apologized in a TV interview to "all people and colleagues" while calling on lawmakers to pass new regulations on executive pay.
Regulators have raised concerns that the risk-taking incentives in compensation structures at financial firms are partly to blame for causing the financial crisis in the first place, and many in Congress have called for regulation and even caps on pay at financial institutions.
Krueger attributes this to a Federal minimum wage which is far higher than unskilled labor earns in competing Caribbean islands, aggravated by local regulations on overtime, paid vacations, and dismissals which are more costly and onerous than on the U.S. mainland.
The focus of efforts to drive culture change in civil services has been on regulation, performance pay and even outsourcing.
