The recent failures of a trio of midsize banks has once again raised questions about whether senior executives in the U.S. are being rewarded more for short-term gains – like rising stock prices – than for ensuring their companies’ long-term health.
Jeffrey Tengel, People’s United Bank’s former president, has been named CEO of Rockland Trust Co., the second-largest bank based in Massachusetts.
Jack Welch, who transformed General Electric Co. into a highly profitable multinational conglomerate and parlayed his legendary business acumen into a retirement career as a corporate leadership guru, has died. He was 84.
One of Europe’s biggest pension funds is adding its voice to the list of investors shaming executives they think earn too much.
