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By Marlene Y. Satter, AdvisorOne |
March 5, 2012
A year after European Union justice chief Viviane Reding warned European companies that the level of representation by women on their boards was unacceptable, she may press for legislation to compel action. She said that she was disappointed in their lack of progress.
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By Marlene Y. Satter, AdvisorOne |
February 1, 2012
Former Royal Bank of Scotland Group CEO Fred Goodwin is now also a former knight of the realm. Goodwin, on the advice of the Honors Forfeiture Committee in Britain, was stripped of his knighthood.
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By Marlene Y. Satter, AdvisorOne |
January 31, 2012
It is unlikely that Robert Diamond and Stuart Gulliver, of Barclays and HSBC Holdings, respectively, will be forced to waive their bonuses. Their banks, along with Standard Chartered, unlike RBS, did not receive public funds.
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By Marlene Y. Satter, AdvisorOne |
January 30, 2012
The CEO of Royal Bank of Scotland Group has decided to waive his bonus of 963,000 pounds ($1.5 million), but it wasn’t an entirely altruistic gesture. He reached that decision after the Labour Party said it would ask Parliament to vote on the matter.
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By Marlene Y. Satter, AdvisorOne |
January 2, 2012
In his New Year speech, British Prime Minister David Cameron sought to offer encouragement to those having a difficult time getting by, and warned those who apparently were getting by too well in the financial industry that he would “tackle excess in the City.”
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By Marlene Y. Satter, AdvisorOne |
December 9, 2011
Britain was left standing alone as most of the 27-nation European Union agreed to consider a separate treaty with stricter budget rules for the euro zone.
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By John Sullivan, AdvisorOne |
November 7, 2011
When it comes to global surveys, the United States can’t catch a break. We’ve known for some time that we can’t educate our kids. Apparently, our economic freedom has recently been downgraded, and now comes news that our retirement system ranks 10th worldwide.
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By Marlene Y. Satter, AdvisorOne |
October 24, 2011
Testy exchanges marked ongoing talks of European Union leaders over the weekend; further talks scheduled for this week.
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By Marlene Y. Satter, AdvisorOne |
October 27, 2010
The EU is planning on instituting a 6% budget increase at the European summit meeting on Thursday in Brussels, but Britain is not happy about it and its prime minister plans to put a stop to it.