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“The board is actively assessing PG&E’s operations, finances, management, structure, and governance,” the company said. The company said it has formed a special board committee that includes independent experts to advise on wildfire safety best practices. Earlier last month, the California Public Utilities Commission (CPUC) opened a proceeding to consider penalties against the company, ordering immediate action against the utility for falsifying safety documents for natural gas pipelines customised cufflinks india.
LONDON (Reuters) – The earnings of Britain’s top bosses will match a typical worker’s entire annual salary even faster than last year, hitting the mark by Friday lunchtime, a report by the Chartered Institute of Personnel & Development and High Pay Centre said. The widening pay gap comes despite pressure from leading investors for excessive pay to be reined in and after several high-profile revolts at company annual meetings in 2018, most notably at Persimmon (PSN.L). Median pay for a FTSE 100 .FTSE CEO in 2017, the most recently disclosed data, was 3.9 million pounds ($4.9 million), the report said, up 11 percent from the previous year. Average full-time worker pay in 2018 was 29,574 pounds a year, it added customised cufflinks india.
“Excessive executive pay represents a massive corporate governance failure and is a barrier to a fairer economy,” said Luke Hildyard, director of the High Pay Centre, a independent think-tank. Many companies say high executive pay levels are needed to recruit and retain the best talent to oversee corporate strategy and drive shareholder returns through higher share prices, to which bonuses are linked. Dubbing the day when CEO pay passes that of the average worker as “Fat Cat Friday” was unhelpful, said the Institute of Directors, which represents company executives customised cufflinks india.
NEW YORK (Reuters) – Equities around the globe rallied on Friday while bond yields rose after sharply declining earlier in the week as U.S. employment data pointed to economic strength and Federal Reserve Chair Jerome Powell said the U.S. central bank would be patient with monetary policy customised cufflinks india. U.S. and European stocks got a boost as the stronger-than-expected jobs report soothed some concerns of slowing economic growth. That was welcome news to investors after sharp declines on Thursday following Apple Inc’s (AAPL.O) cut in its revenue forecast..
Stocks surged further, with Wall Street up more than 3 percent, after Powell said policymakers were paying attention to market activity and would be flexible in deciding future interest rate hikes and reducing the Fed’s balance sheet. He also said that he would not resign if asked to do so by U.S. President Donald Trump customised cufflinks india. Powell’s comments alleviated some worries that the Fed’s course of monetary tightening may be too aggressive in the event of an economic slowdown. Earlier, stock markets were buoyed by news that China and the United States will hold trade talks in Beijing on Monday and Tuesday..