compensation

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Wall Street Bonuses Took a Bit of a Hit in 2023

The average payout fell 2%, to $176,500

(Newser) - Profits on Wall Street last year climbed 1.8%—but bonuses didn't quite align. Instead, the latter "dipped slightly" from the previous year, per a statement from New York State Comptroller Thomas DiNapoli, who says bonuses fell 2% in 2023, from an average of $180,000 the previous...

City 'Deeply Remorseful' Over Man's 44 Years in Prison to Pay $22M

Ronnie Long also got apology from city of Concord, North Carolina, as well as $3M more from state

(Newser) - A North Carolina man wrongfully imprisoned for more than four decades has been awarded a $25 million settlement from the city of Concord and the state. The payout for Ronnie Long, now 68, comes after he sat in prison for 44 years following a wrongful conviction for burglary and rape...

They Were Arrested at Sarah Everard Vigil. Now, an Apology

Metropolitan Police to pay 'substantial damages' to 2 women who were mourning murdered UK woman

(Newser) - Just days after the body of Sarah Everard, murdered by a police officer now serving a life sentence, was found in Kent, England, in March 2021, mourners were detained at a London vigil in her memory. Now, police there are apologizing for how two protesters in particular were treated, with...

Son of Auschwitz Hero Wants Compensation
He Volunteered
to Go to Auschwitz
Nov 15, 2022 9:55 AM CST

He Volunteered to Go to Auschwitz

Witold Pilecki was executed by Poland after the war, and his son is now seeking compensation

(Newser) - The son of World War II Auschwitz death camp hero Witold Pilecki is seeking millions in compensation from the Polish government for his father's post-war arrest and 1948 execution by the country's communist authorities of the time. The case opened last week before a Warsaw court and the...

CEO Pay Took an Eye-Popping Jump Last Year

Typical compensation package for those at helm of S&P 500 companies soared 17.1%

(Newser) - Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. The typical compensation package for chief executives who run S&P 500 companies soared 17.1% last year, to a median $14.5 million, according to data analyzed for the AP...

One Small Pot, 2 Groups of Terrorism Victims

Former Iranian hostages await compensation more than 4 decades later

(Newser) - Two members of a select group died this month—they were among the 52 Americans taken hostage in Iran in 1979, reports Anne Gearan in the Washington Post . With their deaths, the number of surviving members from the group has shrunk to 35. "We are not getting any younger,...

Owners Cut Deal With Egypt to Get Ever Given Back

Suez Canal Authority will receive compensation, including a tugboat

(Newser) - More than three months after running aground in the Suez Canal, the Ever Given is about to be on its way again. The owners and insurers of the container ship have reached an agreement with Egypt on compensation for the damages, the BBC reports. The blockage backed up traffic in...

Supreme Court Sides With College Athletes on Benefits

Ruling could make it easier for them to be compensated for non-tuition expenses

(Newser) - In a ruling that could push changes in college athletics, the Supreme Court on Monday unanimously sided with a group of former college athletes over rules limiting certain compensation. The high court ruled that NCAA limits on the education-related benefits that colleges can offer athletes who play Division I basketball...

YouTube Star: I'll Pay Family of Girl Who Died

Ms. Yeah calls it 'the darkest day of my life'

(Newser) - A YouTube star says she'll pay the families of two girls who engaged in a deadly experiment involving fire and alcohol, the BBC reports. The Chinese influencer, known as Ms. Yeah, apparently inspired them to replicate one of her videos, in which she heats up popcorn in a tin...

America Got a Bigger Raise Than It Realized
America Got a Bigger
Raise Than It Knew
editorial
Aug 4, 2019 4:30 PM CDT

America Got a Bigger Raise Than It Knew

Seems US wage growth was higher than we realized

(Newser) - Feeling down about politics? The Wall Street Journal 's editorial board offers a shot in the arm: Updated economic data shows that American wages are rising more than we knew. Released by the Bureau of Economic Analysis earlier this week, the numbers reveal that worker compensation jumped 4.5%...

Google: We Underpaid Thousands of Men

After pay equity study, a higher percentage of raises go to male employees

(Newser) - Facing claims that it underpays female employees, Google conducted a pay equity study this year that instead found men were earning less than their peers, leading it to issue raises to thousands of men. The company gave $9.7 million in additional compensation to 10,677 employees—both men and...

Paycheck of Top-Paid CEO in US: $102.2M

Honors go to First Data Corp.'s Frank Bisignano of Ga.; other states' CEOs do well, too

(Newser) - Les Moonves made $68.4 million in 2017 as the CEO of CBS, but New York didn't claim the highest-paid CEO in the country last year—Georgia did, with First Data's Frank J. Bisignano bringing in a $102.2 million paycheck. The AP and Equilar, an executive data...

Wrongly Jailed Man Got $75. Now, He's Finally a Millionaire

Lawrence McKinney spent 31 years in prison

(Newser) - A Tennessee man who was wrongfully imprisoned for more than half his life has finally received compensation—almost a decade after he was set free and handed a check for just $75 . Lawrence McKinney, 61, was convicted of rape and burglary in 1978 but the conviction was overturned and he...

1K Secret Service Agents Have Maxed Out on Hours

Well, paid hours, that is

(Newser) - The Secret Service's motto is "Worthy of Trust and Confidence." A new report from USA Today suggests agents might want to petition for the addition of "and Being Paid in Full" to the end of that. The agency's director tells the paper that more than...

Nazi 'Death Train' Survivors Get 'Small Measure of Justice'

Roughly 1K Iasi survivors to receive pensions from Germany

(Newser) - After years of fighting for it, about 1,000 living survivors of Nazi persecution in Romania are now eligible for compensation from the German government. The New York-based Conference on Jewish Material Claims Against Germany on Wednesday said Jews who survived the 1941 pogrom in the Romanian city of Iasi...

Wells Fargo Grabs Back $75M From Ex-Execs

Former CEO John Stumpf to lose $28M more, Carrie Tolstedt $47.3M in stocks

(Newser) - New developments in the Wells Fargo sales scheme emerged Monday, with an investigative report from the bank's board noting that $75 million in compensation will be clawed back from two former executives, including ex-CEO John Stumpf , the New York Times reports. After a six-month probe into the scandal that...

9/11 Responder With Rare Illness Makes Billboard Plea

'Add Kidney Disease for 9/11 Rescue Workers!'

(Newser) - A 9/11 first responder with kidney disease close to losing his New Jersey home is taking his plight public in a big way: through his website and a series of tri-state area billboards, the Record reports. "Add Kidney Disease for 9/11 Rescue Workers!" the signs outside MetLife Stadium...

1979 Iran Hostages Finally Get Their Money

Each of 37 survivors can receive up to $4.4M

(Newser) - Survivors of the Iranian hostage crisis will be awarded up to $4.4 million each, more than three decades after their 444 days in captivity. The terms are laid out in a spending bill President Obama signed into law last week, which also includes reparation for victims of other terrorist...

Germanwings Offers to Pay, Families React in 'Horror'

Offer of $27K per victim isn't nearly enough: lawyer

(Newser) - Relatives of victims of the Germanwings plane crash say they're "appalled" by a compensation offer meant to ease their suffering. Parent company Lufthansa says it will pay $27,700 per victim—in addition to some $55,540 paid immediately after the crash—plus an $11,110 payment to...

CEO Pay Hits Wild Milestone

AFL-CIO president blames 'income inequality crisis' on CEOs

(Newser) - So what was the average CEO paycheck like last year? Oh, just 373 times higher than your average worker's, up from 331 times higher the year before, according to a new report by the labor organization AFL-CIO. That means the average S&P 500 company chief made $13.5...

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