Tag: bonuses

Ban water bosses’ bonuses now over sewage spills, say campaigners

Christina Lobo
Ban water bosses’ bonuses now over sewage spills, say campaigners

By Sam Gruet & Lucy HookerBusiness reporters, BBC News

Getty Images Protesters in London last yearGetty Images
Protesters in London last year

Water company executives should immediately lose their bonuses if the firm they run causes environmental damage, such as illegal sewage spills into rivers, campaigners say.

Regulator Ofwat is to consult later this year on whether plans to ban bonuses could be introduced.

Environment secretary Stephen Barclay said it was time water company bosses “took responsibility”.

But a campaign group said the policy should be implemented immediately.

“The issue here is black and white. Just ban these iniquitous rewards for wrecking the environment now,”

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Australian Billionaire Boosts Financial investment in Swimming with World Championship Bonuses

Christina Lobo
Australian Billionaire Boosts Financial investment in Swimming with World Championship Bonuses

Gina Rinehart, the wealthiest particular person in Australia, has pledged $3 million Australian bucks ($1.9 million U.S. dollars) to support swimming, artistic swimming, rowing, and volleyball forward of the Paris 2024 Olympics by means of the Patron’s Medal Accomplishment Incentive Fund.

The new plan gives bonuses for the two the new Earth Championships and impending Olympics that match the Earth Aquatics figures of $20,000 for a gold medal, $15,000 for silver, $10,000 for bronze, and $30,000 for a planet record, but in Australian dollars alternatively of U.S. dollars.

At just 19 decades outdated, Mollie O’Callaghan introduced residence five golds

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Deutsche Lender slashes expenditure banker bonuses but rewards traders

Christina Lobo
Deutsche Lender slashes expenditure banker bonuses but rewards traders

Deutsche Lender is slashing the bonus pool for its expense bankers by 40 for every cent, one particular of the most intense cuts in the market, whilst escalating the payouts for traders.

People common with the subject reported the general reward pool for Deutsche’s investment decision banking division would slide a lot less than 10 per cent, with a lot even bigger declines for dealmakers in mergers and acquisitions and cash marketplaces.

Personnel at the set-money buying and selling unit of the expenditure lender will have an improve in their incentive shell out soon after income climbed by a quarter

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