Speak of lousy timing. After receiving a knighthood from the queen at the end of 2011, GSK CEO Andrew Witty was on a roll. The chair of GlaxoSmithKline’s compensation committee had pointed out that compared to his peers, Witty was being underpaid at £5.7 million ($8.84 million). It was concluded there is ”a significant competitiveness gap...
More lawyers joined “the $1,000-an-hour club” last year, as “partners in the top 25% of hourly billers boosted their average price to $873 an hour.” This is a 5x ratio compared to the lowest 25% who averaged $204 in 2011. Part of the legal market has become a commodity, according to The Wall Street...
Oct. 4, 2011 – Owners of California-based biotech firm Amgen had a difficult year in 2010, losing 3% of shareholder value. Over the past five years, shareholders lost 7% and Amgen reduced their workforce by nearly 3,000 people as they closed some manufacturing facilities. Some plants faced severe cutbacks. Amgen CEO Kevin W. Sharer...
