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Across the Standard & Poor’s 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009, according to data compiled by Bloomberg. The numbers are based on industry-specific estimates for worker compensation.
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Yahoo! Inc., the largest U.S. Web portal, paid Chief Executive Officer Marissa Mayer a total of $36.6 million in 2012 as she works to turn around the company.
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European rules aimed at making insurers safer may cost the industry as much as 200 million pounds ($310 million) a year in the U.K., said Andrew Bailey, the country’s top banking and insurance supervisor.
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Canada’s federal budget surplus widened in February on higher income from personal taxes and reduced public debt charges.
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Updated 1 hour, 56 minutes ago
The chief executive officers of software developer Oracle Corp. and watchmaker Fossil Inc. both work for a salary of a dollar or less a year. The only difference: $96.2 million.
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The following is the text of the Federal Reserve Board’s Sixth District-- Atlanta.
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New York City will seek a new provider for its $6 billion health-insurance plan that would require workers to pay premiums for the first time, with discounts for participating in wellness programs, Deputy Mayor Caswell Holloway said.
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U.K. inflation was unchanged in March, extending its run above the Bank of England’s target and maintaining a squeeze on consumers.
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Bank of America Corp., the second- largest U.S. lender by assets, must face claims by homeowners that it took kickbacks from private insurers, a judge ruled.
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The share of Americans who get health benefits through work dropped to 60 percent in 2011, continuing a decade-long slide that highlights the challenges facing President Barack Obama’s insurance overhaul.
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