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Exxon Mobil Corporation plans to cut some traders' salaries as part of a pay overhaul, including cash performance bonuses at year-end and long-term incentives. The oil supermajor will reduce base salaries in the US and Europe, with the possibility of compensating with higher bonuses for some traders. Meanwhile, executives at four major Japanese insurers are taking pay cuts of up to 50% for colluding to fix prices.
Exxon To Cut Trader Salaries In Favor Of Performance Bonuses And Long Term Incentives https://t.co/o2FwAhjEh7
Exxon to trim trader salaries in latest pay overhaul, Bloomberg reports https://t.co/Cwo16Dkupv https://t.co/fAgkhFq179
Execs at 4 major Japanese insurers to take pay cut over price fixing: A total of about 130 executives at four major Japanese property and casualty insurance companies will take up to 50 percent pay cuts for colluding to fix prices… https://t.co/mLEaPsGYvp #japannews #japantoday
