July 2, 2015 |
Millions of American employees will become eligible for overtime pay under new regulations proposed by the U.S. Department of Labor. "We anticipate that workers, on an annual basis, will get $1.2 to $1.3 billion in their pockets," U.S. Labor Secretary Thomas Perez said during a press call Tuesday. "Other workers," he said, "will have the gift of time. " Perez said the new regulations will particularly apply to salaried low-level managers and supervisors, many of whom, he said, regularly work more than 40 hours - "the manager who was working 20 hours for free under the current rule.
September 25, 2014
TORONTO - Chris Pronger has not skated in an NHL game since Nov. 19, 2011. Yet Pronger, in addition to every player on the Flyers' payroll in 2012-13, will receive a long-awaited bonus check in the mail next month. Every player with an NHL contract from the lockout-shortened campaign will receive the first of three "transition payments" on Oct. 15, when their first paycheck is distributed. The payment was first reported by sportsnet.ca's Chris Johnston. The transition payments, doled out on Oct. 15 in 2014, 2015 and 2016, were negotiated as part of the NHL's new Collective Bargaining Agreement when the lockout ended.
September 18, 2014 |
Just when Mayor Nutter thought his tiffs with unions were over, a $2.88 million tug-of-war has broken out. With the ink fresh on AFSCME District Council 33's contract, leaders of the smaller municipal union, District Council 47, are asking that their members receive the same signing bonus the 9,000 members of D.C. 33 received for ratifying their contract last week: $2,800. That is $800 more than the bonus D.C. 47 negotiated for its members, about 3,600 white-collar employees, when they ratified their contract in March.
August 1, 2014 |
A bankruptcy judge on Wednesday approved a bonus plan that could pay a total of $1.75 million to executives of the Revel casino and hotel, which is scheduled for auction next week. "I'm satisfied that it's an incentive plan and good for the debtor," Chief Judge Gloria M. Burns said at a court hearing in Camden. Burns allowed Revel to keep details of the incentive plan under seal, including the number of executives and the sales-price thresholds that would trigger payouts to executives.
August 1, 2014 |
A bankruptcy judge on Wednesday approved a bonus plan that could pay a total of $1.75 million to executives of Revel Casino Hotel, which is scheduled for auction next week. "I'm satisfied that it's an incentive plan and good for the debtor," Chief Judge Gloria M. Burns said at a court hearing in Camden. But Burns allowed Revel to keep details of the incentive plan under seal, including the number of executives and the sales-price thresholds that would trigger payouts to executives.
July 27, 2014 |
The Phillies billed Friday's game at Citizens Bank Park against the Arizona Diamondbacks as Christmas in July, and the person getting the perfect stocking stuffer was shortstop Jimmy Rollins. With his second plate appearance in the 9-5 Phillies win, Rollins guaranteed his $11 million option for 2015, so long as he is not on the disabled list at the end of the year. He now has 437 plate appearances after going 0 for 5. While Rollins reached a financial mark, a number of his teammates came up big in helping the Phillies earn their second consecutive win. Grady Sizemore led off the bottom of the first inning with a single to center field, his 1,000th career hit. Sizemore would add hits 1,001 and 1,002, both doubles.
July 20, 2013 |
Teva Pharmaceutical Industries Ltd.'s chief executive officer Jeremy Levin is in line to get $3.7 million in salary and bonuses attributable to 2012, pending a vote of shareholders in August of this year. The company released information about Levin's compensation Thursday as part of a proxy statement filed with the U.S. Securities and Exchange Commission and Israeli securities agencies. Teva, the world's leading seller of generic pharmaceuticals, is based in Israel, but has its American headquarters in North Wales, Montgomery County.
July 18, 2013 |
When the Eagles selected Matt Barkley in the fourth round of April's NFL draft, the initial surprise was not that the Eagles landed a touted quarterback who might have been a first-round pick a year earlier. The surprise was that Barkley was tabbed to play in Chip Kelly's offense, which conventional thinking suggested required a mobile quarterback. "If the fact they have the ability to run, I believe that's an added bonus, but that's not the precursor to what we do," Kelly said. "We've said it since day one. I want the quarterback that has the ability to run. I do not want a running back that can throw.
July 15, 2013 |
Patients at Cancer Treatment Centers of America in Northeast Philadelphia get chauffeured trips to the hospital, often in a limousine. They were recently treated to a performance by a vintage soul group, the Pointer Sisters, and are regularly welcomed with live piano music, fresh organic fare in the cafeteria, and receptionists befitting a classy hotel. These perks are part of the for-profit hospital's strategy to keep patients happy and avoid government penalties. In fact, the center enjoys patient satisfaction numbers among the best of any hospital in the region.
June 20, 2013 |
WASHINGTON - Already reeling from a pair of scandals, the IRS is drawing new criticism over plans to hand out millions of dollars in employee bonuses. The Obama administration has ordered agencies to cancel discretionary bonuses because of automatic spending cuts, but the IRS says it is merely following legal obligations under a union contract. The agency is about to pay $70 million in employee bonuses, said Sen. Charles E. Grassley of Iowa, a senior Republican on the Senate Finance Committee, which has jurisdiction over the IRS. Grassley says his office has learned that the IRS was to execute an agreement with the employees' union Wednesday to pay the bonuses.