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.
Belgacom SA installed interim leadership and began a search for a new chief executive officer after Didier Bellens was fired over comments about Prime Minister Elio Di Rupo and the phone company’s dividends.
Posco Chief Executive Officer Chung Joon Yang offered to step down from South Korea’s biggest steelmaker, saying the company needs new leadership to cope with “challenging business conditions” amid rising competition.
One current and two former workers from Wal-Mart Stores Inc. were arrested on charges of disorderly conduct while trying to deliver a petition demanding better working conditions at the chain to the Manhattan office of a company board director, police and organizers said.
The bankruptcy judge overseeing Lehman Brothers Holdings Inc. formally required creditors to participate in non-binding mediation to resolve disputed claims. Some of the more than 120 objections filed by financial institutions and creditors were incorporated into the mediation procedures approved yesterday.
Washington Mutual Inc. , the official equity holders’ committee and some creditors are trying to outsmart one another with legal strategies to push through or kill the global settlement that underpins WaMu’s reorganization plan.