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Anders Melin

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DESPITE RELEASING A STATEMENT in August about the need of corporations to redefine their purposes from only delivering value to shareholders to taking into account all stakeholders, members of the Business Roundtable who signed the pledge who were contacted by Bloomberg News said that they were already operating in the new way, so they did not really see a need to change how they do business. / BLOOMBERG NEWS FILE PHOTO/CHRIS RATCLIFFE

The new capitalism is looking a lot like the old capitalism

NEW YORK – The Business Roundtable caused a stir last month by declaring the purpose of a corporation isn’t merely to generate returns for shareholders...

JPMorgan’s Dimon among CEOs rejecting investor-centric model

NEW YORK – Jamie Dimon and other leaders at some of the world’s largest companies said they plan to abandon the long-held view that...
BRIAN MOYNIHAN received $25 million in stock grants and a $1.5 million salary in 2018. / BLOOMBERG NEWS/SIMON DAWSON

BofA boosts Moynihan’s pay to record $26.5M for last year

NEW YORK - Bank of America Corp. awarded CEO Brian Moynihan a record $26.5 million for 2018, a 15 percent increase from a year earlier.Moynihan,...
THREE EQUIFAX INC. senior executives sold shares worth almost $1.8 million in the days after the company discovered a security breach that may have compromised information on about 143 million U.S. consumers. / BLOOMBERG FILE PHOTO/SIMON DAWSON

Three Equifax managers sold stock before cyber hack revealed

NEW YORK - Three Equifax Inc. senior executives sold shares worth almost $1.8 million in the days after the company discovered a security breach...
BANK OF AMERICA CORP. CEO BRIAN T. MOYNIHAN received a 25 percent pay raise in 2016, which followed a 23 percent raise in 2015.  / BLOOMBERG FILE PHOTO/ANDREW HARRER

Bank of America boosts CEO Moynihan’s Pay 25% to $20M

NEW YORK - Bank of America Corp. awarded CEO Brian T. Moynihan $20 million for his work last year, raising his compensation 25 percent.Moynihan...

Bank pay rules in U.S. seen boosting salaries, deterring hires

NEW YORK - Bankers trying to determine if their paychecks would be subject to a new set of U.S. rules may find that the...

JPMorgan, BofA would see pay rules hardened under U.S. proposal

NEW YORK - JPMorgan Chase & Co., Bank of America Corp. and the other four largest U.S. banks, which already restrict terms of senior...

Think CEO pay ratios at banks will be crazy? Check out...

NEW YORK - Retail executives with hefty pay packages and plenty of low-wage employees could end up looking worse than bank leaders when the...
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