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Sweden's six-hour workday experiment

Gothenburg - In hopes that it will cut down on sick leave, boost efficiency, and ultimately save Sweden money, municipal staff in Gothenburg will experiment with six-hour full-pay workdays.

Italy to cap top salaries at public companies

Milan - Italy will cap salaries at some of the country's biggest public companies, the new government of 39-year-old Matteo Renzi announced on Friday, though some major groups will be exempt.
In the Media by AFP

Retail success at John Lewis means staff bonus for all

London - Far from the astronomical incentives accorded to a select few at Britain's banks, clothes-to-food retailer John Lewis Partnership is paying all its staff an annual bonus worth 15 percent of their salaries, earning praise for its co-operative structure....
In the Media by Mathieu Gorse (AFP)

Bank of England mulls clawback of bankers' bonuses

London - The Bank of England said Thursday it was consulting on recovering bonuses paid to bankers in the event of misconduct, with such a mechanism possibly in place as soon as 2015.The BoE said the move was aimed at maintaining financial stability after banks...
In the Media by AFP

Barclays pays nearly 500 bankers more than 1 million pounds

Barclays <BARC.L> paid almost 500 staff more than 1 million pounds ($1.67 million) last year, prompting criticism that pay is still too high and that banks have not changed their w...
In the Media by Matt Scuffham and Steve Slater (Reuters)

Programs to redistribute income good for growth: IMF

Washington - The International Monetary Fund came out Wednesday in support of the fight against income inequality, with Fund economists saying income redistribution efforts can strengthen economic growth.Plunging into a debate over the gap between rich and poor tha...
In the Media by AFP

GM's Barra will earn much more than male predecessor

New York - The new General Motors boss, Mary Barra, will earn a total pay package of $14.4 million this year, 60 percent more than her male predecessor, the automaker said Monday.Feminist organizations were outraged late last week after US media reports said Barr...
In the Media by AFP

Waitress fired for refusing to cover dine-and-dash bill

New York - It wasn't a good thing to have three men skip out on a bill, but it was even worse when waitress Suzanne Parratt was fired for refusing to pay that bill.
In the Media by Owen Weldon - 3 comments

File-sharing website IsoHunt to pay Hollywood $110 million

Gary Fung of Vancouver built IsoHunt about 10 years ago, and since then it has become one of the top places to find links to torrent files online.
In the Media by Owen Weldon

Naples teen in trouble for paying it forward

Naples - A teen in east Naples, Florida, thought he was doing a good deed for a few people, but he ended up getting into trouble, and going behind bars on Tuesday.
In the Media by Owen Weldon - 1 comment
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