The price of peace at BG Group is £1.4m. That’s the difference between the face value of incoming chief executive Helge Lund’s original golden hello (£12m) and the rejigged version (£10.6m).
BG Group is facing mounting criticism from shareholders over a £25m pay deal for its new chief executive, with a growing number of influential advisory bodies raising concerns about the package offered to Helge Lund.
Large German companies face a major shake-up after the government ordered that at least a third of executive positions be filled by women.
‘Excessive, inflammatory and a red rag to the enemies of the free market.” The rocket fired at BG Group by Simon Walker, director general of the Institute of Directors, hits its mark. A pay package of up to £25m for incoming chief executive Helge Lund is absurd, even by modern boardroom standards, and should be rejected by BG’s shareholders.
Sony Pictures was targeted in a cyber hack that forced its employees to use fax machines and landline phones, the LA Times reported.
The heir to the Nina Ricci perfume fortune is to go on trial for tax fraud in what is seen as a test case related to the HSBC tax avoidance scandal.
Coca-Cola is launching its own brand of milk, which it claims could become so popular that it will “rain money” for the company.