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  • We can do that? Shareholders reject CEO’s $50m payday

    We can do that? Shareholders reject CEO’s $50m payday

    Have you ever asked for a pay rise and been knocked back? That's what happened to Jamie Dimon, the CEO of Investment Bank JP Morgan, and Pat Gelsinger, the CEO of Intel recently. And they aren't alone, it's part of a larger trend where shareholders are pushing back against managements’ sky-high remuneration. What happened in these cases? Well, the world’s largest investment bank was preparing a 201 million US dollar compensation package for six of their top executives, with $50 million for CEO Jamie Dimon. But on Tuesday, only 31% of shareholders voted in favour of the plan. While the vote was non-binding, meaning the bank’s board can choose to ignore the results, they did say recently that they quote “will take into account the outcome of the vote when considering future executive compensation arrangements”.

    21 May

  • Intel Slipped, and Its Future Now Depends on Making Everyone Else's Chips
    General

    Intel Slipped, and Its Future Now Depends on Making Everyone Else's Chips

    Semiconductors have been a major topic of conversation this year, as shortages of these crucial components have affected every industry across every country. That is how important they are. Yet, surprisingly for such a critical component, the number of companies able to manufacture them has fallen.

    27th Oct, 2021

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