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Bankers to get bonuses quicker under rule change
Posted onSenior bankers will be able to pocket bonuses more quickly under a relaxation of rules brought in after the financial crisis of 2007/2008. Senior bankers have had to wait up to eight years to collect their bonus in full to make sure the deals they were being rewarded for turned out to be profitable longer…
Why firms are merging HR and IT departments
Posted onSean McManus Technology Reporter Getty Images The emergence of AI is making firms rethink their organisation Even if you have never worked for a big company, you will probably have an idea what the HR and IT departments do. Human resources (HR) deal with people, IT deal with the technology. It might seem like an…
US probes Nike over white worker discrimination claims
Posted onThe Equal Employment Opportunity Commission (EEOC), which enforces workplace discrimination laws, announced on Wednesday it has demanded company records going back to 2018, including the use of race and ethnicity data, and whether such information influenced executive pay.
Trump administration to roll back fuel economy rules set under Biden
Posted onNatalie ShermanBusiness reporter Getty Images The US is set to loosen its fuel economy rules, reversing another Biden-era policy that had been expected to lead to increased take-up of electric cars. US President Donald Trump announced the proposal at the White House, where officials said the prior standards were not realistically achievable and were driving…
