salaries

NYC comptroller looking to sink millions in taxpayer money to boost salaries and size of his staff

City Comptroller Brad Lander is looking to spend millions on increasing salaries for staff overseeing pension-fund investments — despite lackluster returns in recent years.

Tesla lawyers ask judge to vacate decision invalidating Musk's $56B pay package

Tesla shareholders met in June and ratified Musk’s 2018 pay package for a second time, again by an overwhelming margin.

The salary needed to afford a home has more than doubled since before the pandemic—see how your city is faring

Scraping together enough money to buy a home can seem like a fruitless endeavor, especially in today’s housing market dominated by high mortgage rates and soaring list prices.

Tesla, shareholder clash over $7B legal fee request in Elon Musk pay case

For more than three hours, two experts offered opposing testimony about the benefit created for Tesla by a Delaware judge's January ruling that rescinded Musk’s $56-billion pay package.

Top CUNY official gets eye-popping 16% pay bump, bringing salary to over $320K

CUNY's Board of Trustees Monday night approved an eye-popping $320,681 salary for Gayle Horwitz, who was elevated to senior vice chancellor as well as secretary to the board.

Tesla files paperwork to ditch Delaware after shareholders approve move, Elon Musk's $56B pay win

Nearly 90% of shareholders voted in favor of the move, leading Musk to quip on X that he was sending a cake to Delaware “as a parting gift.”

Apple pays female workers less than men with comparable jobs: lawsuit

Apple systematically underpays female workers in its engineering, marketing and AppleCare divisions, the lawsuit filed in San Francisco by two women claims.

Waffle House raises worker pay to $3 an hour after labor protests — and menu prices are going up

“The raises show that the company is feeling the heat,” Katie Giede, a Waffle House server in Atlanta who wants to see wages increased to $25 per hour, said.

California pension fund to oppose Elon Musk's 'ridiculous' Tesla $56B payday

Musk's compensation package is up for a shareholder vote on Thursday after a Delaware judge invalidated it earlier this year.

World's largest wealth fund will reject Musk's $56B Tesla pay package

The world’s largest wealth fund has said it will vote against ratifying Elon Musk’s $56 billion pay package at Tesla.

Walmart paying bonuses for first time, offering new perks to hourly workers

Walmart, like other employers, faces a still-competitive labor market and increasing demands from its employees.

The unexpected job offering $35 an hour with only one week of training and no college degree

“It can be between $45 and $50 and sometimes it is more. It depends on what type of work we do.”

Ex-members of Congress gripe about $174K salary, cost of living in DC: 'It's very difficult'

Ex-members of Congress griped to the New York Times about the cost of living in the nation's capital on their $174,000 annual salaries, while acknowledging how many of their constituents...

Wall Street regulators seeking to limit bonuses of big bank execs: report

Executive pay on Wall Street has long been a hot-button issue

Warner Bros. Discovery CEO David Zaslav saw pay jump to $50M despite company's continued losses

The rise in pay was partly related to the loss-making media conglomerate's decision to align its executive compensation to focus more on debt reduction and free cash flow.

NYC managers score 16% salary hike as Mayor Adams pushes program cuts over migrant crisis

Mayor Eric Adams is crying poverty over the Big Apple's migrant crisis, but still pushed through a $2.1 billion retroactive-raise package for more than 10,000 non-union employees.

Departing Boeing CEO Dave Calhoun took home $33M in 2023 as company reels from midair blowout

However, Boeing said that much of Calhoun's compensation is in deferred stock that has fallen in value.

Elon Musk boosts pay of AI engineers to prevent poaching from OpenAI: 'Craziest talent war I’ve ever seen'

The AI frenzy has put AI engineers in high demand, even as tech companies have done waves of layoffs in other areas over the past year.

On the books: Critics demand NYC library systems slash 'obscene' exec salaries to avoid service cuts

With New York City's three public library systems facing severe cuts to services, critics are demanding the fat-cat execs overseeing them slash bloated payrolls — including their own hefty salaries.

Bank CEOs celebrate pay raises while junior bankers face another year of stingy bonuses

Bank bosses enjoyed pay hikes in 2023, while rank-and-file workers were handed another year of stingy bonuses, according to this week's round of earnings. Nowhere was that more evident than...