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Wells Fargo, JPMorganChase and Co and Goldman Sachs Group Inc were not immediately available for comment outside regular business hours. Tim Sloan, stepped down as chief executive of Wells Fargo last month, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal. The company’s board said in a statement at the time that it concluded it was best to seek an outside candidate to replace Sloan. The bank’s general counsel, C. Allen Parker, one of the few newcomers in the bank’s top ranks, serves as interim chief executive gold cufflinks macy’s.
DUBAI (Reuters) – Saudi Aramco has received over $50 billion in bids for its debut international bond sale, which had been expected to be in the $10 billion region, sources familiar with the matter said. The state-owned oil giant is marketing a U.S. dollar-denominated debt issue split into six tranches with maturities ranging from three to 30 years gold cufflinks macy’s. One of the sources said demand had gone up to $60 billion. That would be the highest order book value since a record issuance by Qatar last year, which attracted around $52 billion in orders..
ZURICH (Reuters) – Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank’s compensation report and a third backed the report while expressing reservations about whether management pay matched performance gold cufflinks macy’s. The recommendations come ahead of the April 26 annual meeting, where the bank’s pay policy faces a non-binding shareholder vote. Chief Executive Tidjane Thiam, at the helm of the second-biggest Swiss bank since 2015, got 12.65 million Swiss francs ($12.66 million) in total compensation in 2018, with short-term incentive awards (STI) of 4.94 million francs. That is up from 9.7 million francs total 2017 compensation and 3.98 million francs in STI..
Proxy adviser Glass Lewis cited an “unjustified CEO bonus increase” for Thiam in opposing the compensation report, which. Swiss ethical investment adviser Ethos also urged shareholders to reject gold cufflinks macy’s. “We are once again troubled by the board’s immediate exercise of upward discretion in increasing the CEO’s short-term incentive opportunity for the past fiscal year, which appears as an unnecessary anticipation of a reward for potential future results,” Glass Lewis wrote in a report seen by Reuters on Monday..
Glass Lewis has in recent years criticized Credit Suisse’s pay practices as inappropriate, but last year had backed the Credit Suisse pay scheme gold cufflinks macy’s. Institutional investor adviser ISS said a vote for the remuneration report was “warranted though not without concern”, noting Thiam’s STI opportunity rose following increases for other executives last year, “while there appears to be some concern regarding pay-for-performance alignment”. It pointed out that Credit Suisse CEO’s total pay is a third higher than the median of its peers..