by Amanda McCulloch, managing director, Thorpe Molloy McCulloch
Despite a weakening global economic outlook, I believe we are working in a local business environment of pragmatic optimism. Sustained recovery in the oil and gas sector, technology innovation and diversification activities are contributing to business growth and new employment opportunities.
The row over the salaries paid to male presenters at the BBC has reignited the question: why is there such an imbalance between the sexes when it comes to the size of their wage packet?
Reports by a left-leaning newspaper in Norway have revealed the top three bosses at Statoil received combined earnings last year of up to 45.4million Kroner.
SAFE union has warned more than 600 workers could go on strike later this week if an agreement is not reached with the Norwegian Oil Industry Association (NOIA).
Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”
BP Chairman Carl-Henric Svanberg today insisted shareholders’ concerns over directors’ pay had been taken on board after they voted overwhelmingly against rises.
BP chief executive Bob Dudley will face shareholders on Thursday amid investor anger over his 19.6 million dollar (£13.8 million) pay package when they gather for the oil giant’s annual general meeting.
Many school leavers in Scotland are being put off joining apprenticeship programmes due to widespread misconceptions about pay and qualifications, a study suggests.
The chief executive of Cheniere Energy has had his salary cut to $1 following a revolt by the company’s shareholders.
Last year, Charif Souki took home a $142million pay package.
However, Cheniere Energy said it was cutting his salary from $800,000 to just $1, but also approved a cash bonus of $2.4million.