March 28, 2012 |
In a year when Bank of America's stock plunged 58% and the company announced plans to lay off 30,000 employees, chief executive Brian Moynihan's compensation package more than quadrupled to nearly $8.1 million. Here's why: In 2011, the Charlotte, N.C.-based bank recorded $1.4 billion in profit after losing $2.2 billion the year before. So far this year, the stock is up more than 70%. So although the bank's compensation and benefits committee kept Moynihan's salary the same at $950,000, he also landed $6.1 million in performance-reliant stock.
April 12, 2013 |
CBS is home to "Two Broke Girls" and one rich chief executive. Leslie Moonves, the CEO of CBS, had a 2012 compensation package valued at $62.2 million, according to the company's proxy statement filed Friday. Although that makes Moonves the highest-compensated media chief executive, it is also a decline from 2011, when his pay package was worth almost $70 million. PHOTOS: Hollywood backlot moments Moonves had a base salary of $3.5 million and received a bonus of $27 million.
CALIFORNIA | LOCAL
October 19, 2011 |
In the basements of the Disneyland and Paradise Pier hotels in Anaheim, big flat-screen monitors hang from the walls in rooms where uniformed crews do laundry. The monitors are like scoreboards, with employees' work speeds compared to one another. Workers are listed by name, so their colleagues can see who is quickest at loading pillow cases, sheets and other items into a laundry machine. It should come as no surprise that at the happiest place on Earth, not all the employees are smiling.
March 2, 2013 |
The brief announcement that Disney plans to add a Marvel-themed land to Hong Kong Disneyland in 2017 raises a host of questions: Will Iron Man, Spider-Man, the Fantastic Four and the X-Men be getting their own rides? When will the Marvel characters be coming to Anaheim, Paris, Tokyo or Shanghai? And why, of all places, Hong Kong? Many of the most basic questions remain unanswered, in part because the announcement was made by a Hong Kong government official rather than Disney.
September 23, 2009 |
Walt Disney Co.'s romance with Marvel Entertainment began last February when Disney Chief Executive Bob Iger first brought up the idea of an acquisition during an otherwise innocuous business meeting with Marvel film chief David Maisel. In June, Iger made his intentions clear and the two companies embarked on a nearly three-month-long series of negotiations that involved four in-person meetings, numerous phone discussions and an intense back-and-forth over price that culminated in the $4-billion deal announced Aug. 31. The timeline of the negotiations that led to the acquisition, along with other details of the agreement, were disclosed Tuesday in a regulatory filing from Disney that led with its public offer of up to $2.12 billion in stock to help fund the deal.