March 9, 2014 |
Amane Gobena glanced over her shoulder several times as she approached the final stretch of Sunday's L.A. Marathon. Gobena, of Ethiopia, wanted to make sure that no one could threaten her shot at a $75,000 payday. She had no need to worry. Gobena won the women's race in 2 hours 27 minutes 37 seconds to earn $25,000. Countryman Gebo Burka won the men's race in 2:10:37, but his time was not fast enough to overcome the 17-minute 41-second head start afforded the women as part of the event's $50,000 gender challenge.
February 4, 2014 |
Hundreds of National Guard recruiters and soldiers are under investigation for illegally taking more $29 million in bonuses for signing up recruits at the height of the Iraq war. Army investigators say that an outside contractor paid $700 to $1,200 bonuses even when the recipients had no role in signing up recruits. The Army shut down the program in 2012. Sen. Claire McCaskill (D-Mo.), whose subcommittee is holding a hearing on the case Tuesday, called it "one of the biggest fraud investigations in Army history.
January 24, 2014 |
To beat the competition, the management of American Airlines and US Airways is putting up some reward money. Under a recently announced incentive program, the company that now operates the two airlines has offered each employee a $50 bonus for each government-monitored performance category the merged carrier dominates. The two airlines have agreed to join forces and now operate under the management of the American Airlines Group. In March, the U.S. Department of Transportation is to release a ranking of the nation's airlines for on-time performance, the rate of mishandled baggage and customer satisfaction.
January 22, 2014 |
Lauryn Williams' hamstring had failed her, but her competitive spirit was undamaged. Williams, who won a silver medal in the 100-meter dash at the 2004 Athens Olympics and a gold medal for running in the first heat of the U.S. women's 400-meter relay at the 2012 London Games, intended to become a certified financial planner after a recurring leg injury nudged her to retire from running last June. A chance airport chat with hurdler Lolo Jones, who had made the U.S. bobsled team last season and enthusiastically endorsed the sport, piqued Williams' curiosity enough for her to give it a try before she hung up her spikes.
November 8, 2013 |
If you fly only once or twice a year, it can be hard to pile up enough frequent-flier miles or points to get an award ticket. Signing up with credit card companies when bonuses are offered helps, but there are other ways to make what miles you do have work for you. Some airlines offer plans that allow you to pool your points as a family so you can qualify for a free ticket faster. This kind of program is most common among international carriers, but domestic airlines are starting to use this plan as well.
September 20, 2013 |
NEW YORK - For a night, it was like the good old days on Wall Street. Bankers and traders in dark suits flocked to a Times Square blues lounge to sip cocktails and catch up after work. What made this gathering different was what was on the marquee outside: "LEH Rocks On. " The LEH referred to the old stock ticker of Lehman Bros., the investment bank whose collapse five years ago this week set into motion the worst financial crisis since the Great Depression. This was a reunion of former employees, all watching the bank's former house bands jam cover songs such as the Talking Heads' hit "Burning Down the House.
September 19, 2013 |
Job satisfaction is at a 20-year low in the U.S., and we're spending more and more time at work. Some researchers say there's a cheap and effective way to boost happiness and productivity. Rather than award employees bonuses, either as individuals or in teams, employers who give money to their workers to spend on charities or on their colleagues get better results, the researchers reported this week in the journal PLOS One . The researchers looked at three experiments. In one, workers at an Australian bank were given $25 or $50 to donate to the charity of their choice.
August 20, 2013 |
This post has been updated. See below for details. The dramatic increase in the value of 21st Century Fox stock has paid big dividends for Rupert Murdoch, James Murdoch and Chase Carey. Last week, the senior officers of 21st Century Fox were paid cash for shares they had accumulated over three years as part of their long-term performance-based compensation, according to a filing this week with the Securities & Exchange Commission. The executives -- plus David DeVoe, the company's former chief financial officer -- on Thursday received the compensation, which was based on that day's closing price of $32.27 per share of 21st Century Fox stock.
CALIFORNIA | LOCAL
August 15, 2013
Join Times reporters Jack Dolan and Michael Finnegan at 9 a.m. Friday for an L.A. Now Live discussion about several issues involving the L.A. Department of Water and Power. Dolan , Finnegan , Times staff writer David Zahniser and others have been following the DWP closely. In his latest story , Dolan focused on a little-known clause in the union contract of DWP employees that ensures they can work extra hours and collect even higher wages when private contractors are hired to help them get the job done.
July 23, 2013 |
WASHINGTON -- The Consumer Financial Protection Bureau on Tuesday sued Castle & Cooke Mortgage, accusing it of paying illegal bonuses to employees who steered home buyers toward higher-interest loans. The suit marks the first time a company has been targeted under new federal loan-origination compensation rules adopted after a mountain of bad home loans set off a global financial crisis. The bureau sued in federal court in Utah, where Castle & Cooke is based, accusing two of its top executives of running a quarterly bonus program that paid $6,100 to $8,700 to loan officers who persuaded consumers to take out pricier mortgages.