executive

No Image

Bombardier to scrap its executive compensation plan on regulator’s recommendation

MONTREAL — Bombardier Inc. said Friday it will follow the urging of Quebec’s financial market regulator and scrap a controversial executive compensation plan.The announcement followed a review by the Autorite des marches financiers that found the plane-and-train maker’s roll-out of its Automatic Stock Disposition Plan in August did not breach securities law, but likely incurred…


Bitcoin Exchange Coinbene Swears it Wasn’t Hacked: Traders Fear Worst

Bitcoin Exchange Coinbene Swears it Wasn’t Hacked: Traders Fear Worst

Bitcoin Exchange Coinbene Swears it Wasn’t Hacked: Traders Fear the WorstCoinbene may be using “maintenance” as a way of covering up a possible cryptocurrency hack. | Source: ShutterstockAnother major cryptocurrency exchange has gone dark, and bitcoin traders once again fear that it is using “maintenance” to cover up a crippling hack.This time, the medal goes…


Insider trading, tax avoidance allegations levelled at Retail Food Group

Insider trading, tax avoidance allegations levelled at Retail Food Group

RFG repeatedly declined to provide the committee with important information about its operations.”The lack of cooperation by both current and former RFG officers is striking, and indicative of a poor corporate culture at the company,” the report said. While the committee received evidence about churning and burning in other franchise systems, the problem appears to…


Introducing ‘JPM Coin’: JPMorgan will be the first major US bank to launch its own cryptocurrency

Introducing ‘JPM Coin’: JPMorgan will be the first major US bank to launch its own cryptocurrency

Kimberly White/Getty Images In a first for a major US bank, JPMorgan said on Thursday it would launch a cryptocurrency tied to the US dollar. The bank said the coin, called the “JPM Coin” is intended to “make instantaneous payments using blockchain technology.”  JPMorgan’s chief executive officer, Jamie Dimon, said in late 2017 that bitcoin,…



Banking royal commission final report: APRA told to rewrite executive pay standards

Banking royal commission final report: APRA told to rewrite executive pay standards

The government said it supports APRA acting on the recommendations.Yearly review of remunerationDealing with non-executive pay, the report said all financial services entities should review “at least once each year” remuneration systems for front-line staff, “to ensure that the design and implementation of those systems focus on not only what staff do, but also how…