July 3, 2004 |
Walt Disney Co. Chairman George J. Mitchell will receive an annual retainer of $500,000 in deferred stock, the company disclosed in a filing Friday. Mitchell's pay is retroactive to March 3, when the board tapped the former presiding director to take over as chairman. Disney Chief Executive Michael Eisner gave up the chairman's post after 45% of the voting shares withheld their support for his reelection to the board at the annual meeting.
October 29, 2011 |
A labor market flooded with unemployed workers continued to keep a lid on wages and benefits in the last three months, even as consumers ramped up spending. Wages and salaries grew just 0.3% in the third quarter this year from the previous quarter, according to a government employment cost index. Benefits increased 0.1%, the slowest growth rate since 1999, according to employment cost data released Friday by the U.S. Labor Department's Bureau of Labor Statistics. "This report matches well with the picture of a U.S. economy slowly treading forward and employment making sloth-like progress," Gregory Daco, principal U.S. economist for IHS Global Insight, wrote in a note.
July 27, 1994 |
Compensation for American workers grew at a historically slow pace in the second quarter of the year, the government said Tuesday. The Labor Department's employment cost index provides the latest evidence that inflation remains in check, economists said. It shows that worker compensation rose at an annual rate of 3.2%, the same as in the 12 months ended March 30, which was the smallest increase on record. The report shows there is "no convincing sign" of inflation in the economy, said Robert G.
CALIFORNIA | LOCAL
May 24, 1986
It is suggested that a similar article be addressed to big business, and the rich, to forgo the many tax goodies and tax shelters which enable them to pay nothing or very little in federal taxes. Also ask the speculators in securities, commodities, real estate and other items to subject their capital gains at regular income tax rates as applied to wages and salaries. Ask those who sell their homes to forgo the $125,000 exclusion from income taxes and pay regular taxes on the gain.
CALIFORNIA | LOCAL
May 24, 2001 |
The Santa Monica City Council approved a long-debated "living wage" ordinance early Wednesday that would raise the hourly minimum pay to $10.50 for workers at an estimated 40 large businesses in the city's popular beachfront and downtown districts. Backers rejoiced over what experts say is a national precedent involving such a municipally approved wage increase for private industry and said the move will help hundreds of workers support their families.
August 8, 2006 |
Wal-Mart Stores Inc., which has been attacked over its pay and benefits, said Monday that it was raising starting wages at a third of its stores but capping the pay of veteran workers. The nation's largest private employer is rolling out an average pay increase of 6% for new hires at 1,200 Wal-Mart and Sam's Club warehouse stores nationwide, including some of its nearly 200 stores in California.