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TSMC announces hefty pay raise plan
6 hours ago ago from Taiwan Today News
In light of robust market recovery, Taiwan Semiconductor Manufacturing Co. (TSMC) recently announced it will comprehensively raise employees' base salary by an average of 15% from January of 2010 and pay bonus of 2009 and 2010 next year. Chairman and chief executive officer of the world's No.1 pure foundry, Morris Chang, said the company`s business results will be excellent in 2010, thus, the company's staff will receive much higher pay ...
Related contentFrance And Britain Tax Banker Bailout Bonuses, Should We?
1 day ago ago from Fort Worth Bankruptcy | Dallas Bankruptcy :. Reed's Bankruptcy Blog
Britain and France announced that they will levy a one-time tax on large bonuses paid by bailed-out banks, while US banks who benefited from taxpayer bailouts are set to dole out bonuses that are even larger than bonuses during 2008. I guess it’s been a good year—for the banks. Wall Street banks are on track to pay $26 billion in bonuses for 2009 performance…That’s up from $18.4 billion in 2008. When the foreclosure and credit ...
Related contentHey, Where’s My Christmas Bonus?
1 hour, 44 minutes ago ago from Maryland Employment Law Developments
Workers are entitled to be paid for the hours they work. So, even if they are fired, the employer has to pay for the time spent in its employ. If the worker was pulling a Wally in Dilbert’s company, and working harder on avoiding work than actually doing any work, the employer still has to pay for those hours, and deals with the lack of productivity by firing the “Wally.” Things get more complicated for other types of compensation. ...
Related contentWhen it Comes to Banksters, You'll Need Vaseline
16 hours ago ago from Politics Plus
Here's another example of how Geithner and Summers are screwing you for their millionaire buddies. Taxpayers are getting a raw deal in Citigroup's plan to repay its bailout funds, but you wouldn't know it from reading the news. Policymakers are emphasizing the wind-down of the unpopular Troubled Asset Relief Program, and most media outlets are doing the same. But the sloppy structuring of Citi's repayment plan is going to cost the ...
Related contentAIG executives' promises to return bonuses have gone largely unfulfilled
16 hours ago ago from Politics or Poppycock
By Brady Dennis Washington Post Staff Writer Wednesday, December 23, 2009 When word spread earlier this year that American International Group had paid more than $165 million in retention bonuses at the division that had precipitated the company's downfall, outrage erupted, with employees getting death threats and President Obama urging that every legal avenue be pursued to block the payments. New York Attorney General ...
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AIG changes payback strategy - report
20 hours ago ago from CNN Money
AIG changes payback strategy - report By David Goldman , staff writer December 22, 2009: 2:57 PM ET NEW YORK (CNNMoney.com) -- AIG has reportedly changed its plans for restructuring its insurance business and its strategy for paying back the $70 billion it still owes taxpayers. The troubled insurer is no longer planning to spin off its property-casualty insurance business, recently renamed through an initial public offering, according ...
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