More U.S. companies are luring top executives with multimillion-dollar “golden hello” signing bonuses, undeterred even as high-profile flameouts such as Ron Johnson’s short tenure at J.C. Penney Co. expose the risks.
Microsoft Corp. is eliminating its long-standing practice of evaluating employees on a bell curve, seeking to foster more teamwork and collaboration as the company restructures to focus on devices and services.
JPMorgan Chase & Co. said that the U.S. Department of Justice is conducting at least eight separate investigations into the bank’s activities, ranging from recruitment in Asia to its relationship with Ponzi scheme operator Bernard Madoff.
The trial of five former employees of jailed con man Bernard Madoff, including his longtime personal secretary and two computer programmers, will become a full-time job for about five months for jurors.
Jack Parker is retiring after 40 years as men’s hockey coach at Boston University, his final season marred by a school study that found what it called a culture of “sexual entitlement” surrounding the team.