Yahoo!'s new Chief Executive Marissa Mayer will get a compensation package of more than $59 million over the next several years.
This was disclosed in a filing to the US Securities and Exchange Commission, in which Motorola outlined the compensation that Jha stands to gain.
The SEC however added that "dismissing these proceedings will not prevent the Commission from filing an action against Gupta in United States District Court."
Thiruvananthapuram-born Dr Zachariah P Zachariah, a prominent cardiologist in Fort Lauderdale, Florida, has been exonerated of all charges in a long-standing US Securities and Exchange Commission insider trading case.
The England and West Indies cricket boards suspended sponsorship negotiations with financier Allen Stanford following fraud allegations against the Texas billionaire on Tuesday. The US Securities and Exchange commission charged Stanford and three of his companies with alleged fraud involving a multi-billion dollar investment scheme.
The US market regulator has charged three individuals, including an investment banker with UBS, for running an insider trading ring.
Goldman Sachs is likely to face a fine of around 20 million pounds from UK financial regulator FSA, just months after US Securities and Exchange Commission imposed a penalty on the banking major, a media report said.
Sunil Bhalla, a senior executive with Polycom, along with three others was named in fresh charges filed by the US Securities and Exchange Commission on Monday.
The probe is not part of the civil fraud charges filed against the bank in April, which caused an alleged loss of over $1 billion to investors by misrepresenting facts about the financial product tied to sub-prime mortgages.
The statement of objections was regarding the combination of Sun's open source MySQL database product with Oracle's enterprise database products and its potential negative impact on competition in the market, Sun Microsystems said in a filing to the the US Securities and Exchange Commission.
The high-profile race to buy India's second-largest business process outsourcing (BPO) company, WNS Holdings, ended abruptly today after the company informed the US Securities and Exchange Commission (SEC) that it had decided to stop discussions with interested parties regarding a possible change of control.
Warren Buffett, chairman and chief executive officer of Berkshire Hathway, has received a total compensation of $519,490 (Rs 2.36 crore) for 2009, including a salary of $100,000 that has remained unchanged for more than 25 years.
US-based Schall Law Firm has said it will file a class action lawsuit against Infosys Ltd to recover losses suffered by investors in the wake of allegations of "unethical practices" at the Indian IT major. In October, Infosys had informed the stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management.
Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped down on his US headquarters. In a civil complaint filed in federal court in Dallas, the US Securities and Exchange Commission accused Stanford, who sponsored international cricket matches, and two other executives of fraudulently selling $8 billion in high-yield certificates of deposit in a scheme..
According to The Wall Street Journal, Deutch joined Citi's board in 1996, after leading the Central Intelligence Agency.
According to the US Securities and Exchange Commission, Bartz received a base salary of $969,872 last year and also got a performance-related bonus valued at $1.5 million. In addition, she received $42.1 million in the form of stock and stock options and other compensation of $2.61 million, thus, taking the total pay package to $47.22 million, the filing added.
The US Securities and Exchange Commission (SEC) team met the six-member government appointed board of the Satyam Computer Services here on Thursday.
A US Securities and Exchange Commission team is in India to probe the multi-crore rupee accounting fraud at NYSE-listed Satyam Computer and is taking the help of local agencies to this end.
In its annual report filed with the US Securities and Exchange Commission for 2008, Nasdaq-listed SanDisk has stated it is facing risks due to the situation at Satyam, which is the system integrator for installing a new ERP system for the memory disk maker.
The team will then proceed for discussions with the government-appointed Board of Satyam Computer Services in Hyderabad on Thursday to assess the present status of India's fourth- largest software firm. Following the confessions of Satyam's founder and former chairman B Ramalinga Raju that he had cooked up the firm's balance-sheet for several years, US investors have filed over a dozen law suits against the company in various US courts.
There's a churn in Infosys' highest paid senior executives' list for financial year 2007-08, with Nandan Nilekani, S Gopalakrishnan and S D Shibulal conspicuously missing from the top five.According to a filing by IT bellwether to the US Securities and Exchange Commission, B G Srinivas, Ashok Vemuri and T V Mohandas Pai were the highest paid executives in FY08.
Internet major Yahoo Inc's chief technology officer has expressed his inclination to resign, the company revealed in a US Securities and Exchange Commission filing on May 30.
In a filing with the US Security and Exchange Commission on Friday, Walmart said it would allow the initial public offering of Flipkart in four years at a valuation no less than what it invested in the e-commerce firm, if a grouping of minority shareholders asks for it.
Software services firm Infosys Technologies has imposed a fine on its chief executive officer S 'Kris' Gopalakrishnan and an independent director Jeffrey Sean Lehman for violating company rules.
Business process outsourcing company Genpact has set the ball rolling for a $600 million (around Rs 2,500 crore) initial public offer on New York Stock Exchange
Online travel firm MakeMyTrip's top executives Deep kalra and Rajesh Magow have decided to draw 'zero salary' from April 2020, while the rest of its leadership team will take a reduction of around 50 per cent in their compensation amid the covid-19 outbreak. Group Executive Chairman Deep Kalra and its group CEO Rajesh Magow have decided to take 'zero salary' from April 2020 as the company plans to undertake multiple "tough measures" to keep overall expenses at a minimum amid the covid-19 outbreak.
Pharmaceutical major Dr Reddy's Laboratories Ltd on Tuesday said it will offer up to 13.5 million American Depositary Shares.
Wipro Chairman and CEO Azim H Premji received the highest annual remuneration in the company for the fiscal 2006-07. Premji who also holds 79.58 per cent stake in the company, got an annual remuneration of $721,522.
The Bangalore-based company, which already holds in excess of 11.8 million square feet of office space, has informed the US Securities and Exchange Commission that it will take seven properties on lease and develop one on its own.
SEC charged that Menezes, who retired in 2005 as senior vice chairman of Citigroup, allegedly sold Citigroup stock just before the April 15, 2002 company announcement about significant losses in its Argentine operations.
The company said in a filing to the US Securities and Exchange Commission that in addition to the salary, Pai earned a bonus/incentive of $117,336, other annual compensation of $21,779 and $15,287 as long-term benefits.
Long-term investors should look at scalability and execution capabilities as more important factors in making their investment decisions in the software sector.
Leading Israeli IT company, Ness Technologies, has submitted a prospectus to the US Securities and Exchange Commission for launching its initial public offer to raise capital for investments in India.
Citi Group on Wednesday clarified that it owns 2.1 per cent equity stake in Tata-controlled Videsh Sanchar Nigam Ltd, which is less than 4.2 per cent that it had earlier reported with the US Securities and Exchange Commission.
To consider open offer if price falls below Rs 2,100 a share.
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