Musk cannot keep Tesla pay package worth more than $55B, judge rules
The ruling comes more than five years after a shareholder lawsuit targeted Tesla CEO Musk and directors of the company for unjust enrichment.
Compensation
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Ten state agencies spent more than $5M on spot bonuses over two years
The Indiana Economic Development Corp. doesn’t have the largest employee headcount, but the relatively small state agency spent an outsized amount of taxpayer dollars on spot bonuses totaling $1.2 million over two years.
For four rising NBA stars, about $1B in extensions leads to rising expectations
Indiana Pacers player Tyrese Haliburton got questions about the same topic more often than he could remember this summer: The money, the money, the money.
Nobel economics prize goes to professor for research on workplace gender gap
Claudia Goldin is just the third woman to win the prize out of 93 economics laureates.
UAW points to CEO pay raises to justify its wage demands
The United Auto Workers union has made pay disparity between CEOs and workers a central part of its argument for a big worker wage increase. A detailed look shows a more complicated picture.
Revenue-sharing with major college football players an idea gaining traction
While many in and around college sports believe revenue-sharing with major college football players is inevitable, those in position to affect change are more cautious.
Millions more would get overtime under proposed Biden administration rule
The proposed rule would have the biggest impact on retail, food, hospitality, manufacturing and other industries where many managerial employees meet the new pay threshold.
Colts give Jonathan Taylor permission to seek trade, source says
The 2021 NFL rushing champion went on the physically unable to perform list when the Colts reported to training camp July 25 and is still on it as he continues to rehab.
American Airlines pilots ratify new contract with big pay raises, bonuses
The Allied Pilots Association said that 73% of pilots who took part voted in favor of the four-year contract, which it valued at $9.6 billion.
Mike Woodson’s initial success prompts IU to give coach $1M pay raise
Woodson has four years remaining on his contract after leading his alma mater to consecutive NCAA Men’s Basketball Tournament appearances for the first time in a decade.
Pacers lock up Haliburton with 5-year deal worth possible $260M
The formal announcement came on the same day Indiana introduced guard Bruce Brown Jr, who agreed to a two-year deal worth $45 million.
Hoosiers paid $29M in 2021 for payday loan finance charges, report finds
The report criticizes lenders, many of which are headquartered out of state, for taking money out of local economies and luring Hoosiers into “a debt trap.”
CEO pay hikes at S&P 500 companies slowed in 2022
Pay disparity between chief executives and rank-and-file workers, which has been widening for years, narrowed only slightly.
NCAA tax records show ex-president Emmert paid nearly $3.3M in 2021
Overall, NCAA revenue increased 10% in the 2021-22 fiscal year, while its expenses rose 16%.
Governor, other top elected officials see large pay raises in budget
Under the addition, the state governor’s salary would be equal to that of an Indiana Supreme Court Justice—starting with Gov. Eric Holcomb’s successor, who would see a salary increase of 48%.
Men’s college basketball players making twice as much as women
The pay difference comes mainly from money flowing from so-called NIL collectives. Excluding the money from collectives, male and female basketball players made roughly the same amount of money from NIL deals.
Stellantis announces profit-sharing bonuses, increased earnings
Stellantis employs about 7,000 people at plants in Kokomo and Tipton in Indiana.
Companies skirt overtime pay with dubious management titles
The practice, often deployed by retail and restaurant companies, takes advantage of the Fair Labor Standards Act, which exempts firms from paying overtime wages if the employee is a manager and gets paid a salary above a certain threshold.
Workers have high hopes for pay hikes next year—perhaps too high
While the labor market remains tight, evidenced by last month’s better-than-expected increases in both jobs and wages, employers are gaining back some leverage just in time for the tough conversations between bosses and employees to begin.
Study: Incentives can lead employees to cheat or lie at work
Leaders usually deploy incentives with the aim of boosting their organization’s performance, but the focus on rewards can “open you up to overlooking other important values,” the lead author of the study said.