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CEOs who are paid less than their peers are four times more likely to engage in layoffs, a study has found. Researchers from Binghamton University in the US analysed data that included CEO pay and layoff announcements made by S&P 500 firms from 1992-2014 in the financial services, consumer staples and IT industries. Adjusting the analysis for a number of different factors that could influence a layoff -- such as industry conditions, company size, firm performance -- researchers found that the "underpaid" CEOs were four times more likely to announce a layoff. "In terms of strategic decisions that a CEO can make that could lead to higher pay, layoffs are one of the easiest to do," said Scott Bentley, an assistant professor at Binghamton University. "Relative to other decisions such as mergers or acquisitions, layoffs typically don't need the approval of shareholders, the board or regulators, and they don't take years to do. Layoffs can be determined overnight," said Bentley. "...
DCHL's resolution professional approached the Hyderabad High Court against Indiabulls' move on the grounds that there was a moratorium on all such actions
The company targets to figure among the top 5 smartphone brands in the country in the affordable segment by year-end
Earlier in the day, Bajaj Auto also announced a contribution of Rs 20 million in aid of flood-hit Kerala
Employee Welfare Association of Lanco also filed a petition before the tribunal seeking to know why the resolution plan was rejected
While marketing margin concerns remain, currency depreciation worsens the working capital, interest and forex situation
Mistry, who derives $16.7 bn of his fortune from his 18.4% equity in Tata Sons makes it harder for Mistry to sell this stake with a change in the legal status of Tata Sons
As local lenders struggle with mountains of NPAs grow pickier, borrowers are more reliant on international creditors
The upturn in the steel cycle is already in its second year
The nine companies have seen a cumulative impact of Rs 112.79 bn, an 18 % downward revision from their net worth as of March 31, 2018
Analysts say pricing is key to sustain interest in L&T stock
On the flip side, Aurobindo may have seen some pressure on margins led by one-offs as product recall/provisions and some impact on higher raw-material prices
Experts believe the unrest in Mozambique and elections in Australia and Indonesia could have a negative impact on Indian companies
The agreement to buy 36 Rafale jets was signed between Prime Minister Narendra Modi and the French government in 2016
Uber first made its interest in self-driving cars public when it hired about 40 researchers and scientists from the National Robotics Engineering Center at Carnegie Mellon University in 2015
The inquiry comes in the backdrop of Jet Airways deferring its first quarter results
"The cost of running a single channel is very high. They need much more scale to justify the costs", says Raman Mangalorkar
WhatsApp announces that it would limit forwards of photos, videos, and messages to five chats in India and remove the quick forward button next to media messages
To drive future growth, Dell is also planning to increase its exclusive store count to 800 by the end of this fiscal from the present level of 670