Lucent Doubles Its Chief Executive's Pay
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Lucent Technologies Inc. more than doubled the total compensation of its top executive to &#36;13.6 million in 2004, a year in which the telecommunications-equipment maker posted its first profit in four years, according to a regulatory filing Thursday.
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Lucent Technologies Inc. reported higher-than-expected fourth quarter sales on Wednesday, boosted in part by several large contracts, especially in its wireless segment, as well as increased demand for VOIP (voice over Internet Protocol), high-speed data and broadband access.
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Credit Suisse made the surprise appointment of investment banking head Brady Dougan as new chief executive after posting stronger-than-expected results on Thursday, sending its shares sharply higher.
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Protracted negotiations between Lucent Technologies and its unions resulted in a contract agreement yesterday requiring 70,000 retirees and 3,250 active employees for the first time to pay a portion of their health premiums.
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New bosses of oil giant Shell could get big rises in their total salary packages after the planned merger of its Dutch and UK operating companies, it was reported today.
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The median compensation for a top executive at the largest firms rose by 30 percent this year to almost three million pounds, a survey has shown.
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Blackstone Group issued compensation  details for the first time on Monday, disclosing in a filing  that CEO Stephen Schwarzman received nearly $400 million last  year and stands to make at least another $450 million after the  private equity firm goes public.
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Citigroup Inc.'s  new chief financial officer Gary Crittenden may be paid close to $10 million this year, including as much as $9.5 million in incentive awards, the company said on Thursday.
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VODAFONE has revealed it will hike its dividend payment when it reports half-year results in November, while chief executive Arun Sarin insisted he was keen to make further global acquisitions.
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There are ways to secure higher pay even when all other employees receive the same annual increase, says Sue Shellenbarger. Plus, more on work and family.
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Lucent Technologies Inc, the nation&#39;s leading telecommunications-equipment maker, recorded its first annual profit since 2000, fueled by rapid growth in its wireless telephone division, the company announced yesterday.
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SAN FRANCISCO, Feb. 5  â International Business Machines, whose stock rose 18 percent last year as it expanded in software, said on Monday that its chief executive, Samuel J. Palmisano, would be paid a $1.8 million salary in 2007 and stands to receive $5 million in incentive pay, the same as last year.
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Increased oversight of chief executive  compensation has placed a lid on big salary jumps for CEOs in  very large U.S. organizations, according to a survey.
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Here's something to ponder over Labor Day weekend: Chief executives of large US companies last year averaged $10.8 million in total compensation, more than 364 times the pay of the average US worker, according to a study by two advocacy groups, one of them from Boston.
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The coalition of hedge funds that wants to place directors on the board of The New York Times Company has more than doubled its stake in the company.
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The luxury hotel manager doubles earnings for the second straight quarter.
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In executive compensation at least, where America leads, the UK follows. That's why it should come as no surprise that the total earnings of chief executives at British blue-chip companies have doubled over the past five years. For Americans, the surprise may be that average annual compensation for chief executives of FTSE 100 companies is so low: a mere &pound;3.17m, according to the latest report from Incomes Data Services, a UK research group. Compare the $48m earned last year by Stan O'Neal of Merrill Lynch.