January 13, 2022 | Editor: Martin Wennerström
Alphabet increases executive remuneration
Alphabet is to raise the base salaries of four of its top executives, soon after informing employees that there would not be a company-wide salary adjustment to match rising inflation. Four top executives, CFO Ruth Porat, SVP Prabhakar Raghavan, Chief Business Officer Philipp Schindler, and Chief Legal Officer Kent Walker, will have their annual salaries increased from USD 650,000 to USD 1 million. They will also be eligible for a newly introduced USD 2 million “ESG bonus,” contingent on their contributions to the company’s social and environmental goals for 2022. LTI awards amounting to between USD 23 million and USD 35 million will be granted under the company’s 2021 stock plan. Under the new scheme, part of the award will be performance based, while more than half of the grants remain time based.
Business Insider | CNBC | SEC
China Mobile lists on Shanghai exchange after US ban
Reuters | MarketWatch | CNN
Draft project on EU’s sustainable finance taxonomy
Nutrien’s second CEO departure in eight months
Financial Post | BNN | CNBC | Nutrien
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