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Apache Corp., the third-worst performer this year among peer oil and natural gas producers, said target compensation for its chief executive officer was cut by 18 percent compared with reported 2012 compensation.
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French President Francois Hollande thanked wealthy taxpayers, promising to try to avoid burdening them further while defending his Socialist credentials.
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The Illinois legislative effort to repair the nation’s worst-funded pension system moved closer to a showdown as the Senate passed a restructuring measure endorsed by public-employee unions.
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New Jersey Governor Chris Christie, whose cutback of public-employee compensation two years ago made him a national model of Republican strength, now is trying to scrap century-old civil-service rules.
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The Illinois House of Representatives approved a bill designed to repair the nation’s worst-funded pension system by raising contribution levels for state employees and delaying the retirement age.
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Occidental Petroleum Corp. Chairman Ray Irani may be eligible for a lump-sum severance payment of about $38 million and annual payments of $2.2 million if he is forced out by investors in a vote today.
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Occidental Petroleum Corp. Chief Executive Officer Steve Chazen will keep his post through the end of 2014 as the company announced changes to its compensation plan and restrictions on who may serve as chairman.
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Behind the headline-grabbing job reductions at Switzerland’s biggest banks is a manufacturing boom that is keeping the economy ahead of the rest of Europe.
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Poland’s 2012 budget gap narrowed less than the government planned as a euro-area recession curbed growth in the European Union’s largest eastern economy.
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Citigroup Inc. shareholders, who rejected the bank’s 2011 compensation plan, voted in favor of the latest round of payouts after the lender said it overhauled rewards for top executives.
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