Chris Rokos Nets £477m as Rokos Capital Achieves Record Profits
Originally Published 2 days ago — by Financial Times
UK hedge fund trader Chris Rokos paid himself a record £477 million, highlighting significant earnings in the finance sector.
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Teaching assistants' pay criticized amid challenging student needs
Originally Published 20 days ago — by BBC
A report highlights the low pay and increasing responsibilities of teaching assistants in Wales, with many struggling financially despite their vital role supporting vulnerable students, especially during the festive season, prompting calls for better pay and recognition.
Rob Dyrdek Earns $32 Million Annually from 'Ridiculousness'
Originally Published 2 months ago — by Bloomberg.com
Rob Dyrdek earns at least $32.5 million annually from MTV's show Ridiculousness, which is crucial to MTV's programming and has become highly lucrative, with potential earnings rising to over $45 million if renewed through 2029. Despite the show's success, its production company filed for bankruptcy amid financial disputes, highlighting the complex business dynamics behind popular cable shows.
White House and IRS Clash Over Furloughed Federal Workers' Backpay
Originally Published 3 months ago — by Axios
The IRS confirmed that federal employees are legally entitled to back pay during a government shutdown, contradicting a White House memo that suggested otherwise, leading to political and legal debates over the interpretation of the law and the potential impact on federal workers.
Dominick Cruz Criticizes UFC Pay and Matchmaking Practices
Originally Published 4 months ago — by MMA Fighting
Dominick Cruz suggests that UFC rankings are influenced more by fighters' contract values and pay than their actual performance, implying that top-ranked fighters may be kept there for financial reasons regardless of their recent results, which raises questions about whether UFC is more entertainment than sport.
Happy Gilmore 2: Nostalgia, Cameos, and Adam Sandler's Return
Originally Published 5 months ago — by Hindustan Times
'Happy Gilmore 2', starring Adam Sandler, was made with a $30 million budget, significantly higher than the original's $12 million, and is part of Sandler's extensive $275 million deal with Netflix, which includes multiple films since 2020. Sandler's exact earnings for this film are not specified, but he previously earned $2 million for the original.
"Valentine's Day Strike: Uber, Lyft, and Deliveroo Drivers Protest Pay in US and UK"
Originally Published 1 year ago — by The Washington Post
Thousands of Uber, Lyft, and DoorDash drivers are set to strike on Valentine's Day in at least 17 U.S. cities, demanding better pay, transparency, and an end to unfair deactivations. Drivers argue that the companies are taking an increasingly large cut out of fares, forcing them to work longer hours to make ends meet. The strikes come amid declining pay for drivers, with Uber drivers' average monthly earnings before expenses falling 17.1 percent in 2023 compared to the previous year. Both Uber and Lyft have stated that they do not expect the strike to impact trip levels, prices, or driver availability.
Valentine's Day Strikes: Rideshare Drivers Protest at US Airports
Originally Published 1 year ago — by USA TODAY
Uber, Lyft, and DoorDash drivers are planning to strike at 10 US airports on Valentine's Day to demand better pay and safer working conditions. The coalition Justice for App Workers stated that the striking drivers will not provide rides to and from airports in 10 U.S. cities from 11 a.m. to 1 p.m. on Wednesday. The companies responded, with Uber saying that strikes have rarely impacted trips, prices, or driver availability, and Lyft announcing new offers and commitments aimed at increasing driver pay and transparency. The strikes will take place at airports in cities including Austin, Chicago, and Miami, with drivers' average gross hourly pay varying between $18.80 and $33.
"Flight Attendants Nationwide to Protest for New Contracts and Pay Raises"
Originally Published 1 year ago — by KABC-TV
Flight attendants are set to hold a demonstration at various airports, including LAX, as part of a Worldwide Flight Attendant Day of Action, demanding better pay, working conditions, retirement benefits, and more flexible schedules. The protest, organized by unions representing over 100,000 flight attendants, aims to address issues such as compensation for all working time and respect for their role in the aviation industry. No flight disruptions are expected due to the protest.
Portland Teachers Strike: Demanding Better Conditions and Resources
Originally Published 2 years ago — by ABC News
Teachers in Portland, Oregon, have gone on strike over concerns about large class sizes, inadequate pay, and a lack of resources. The strike, which has closed schools for around 45,000 students, is the first-ever teachers strike in the district. The Portland Association of Teachers, representing over 4,000 educators, has been negotiating for a new contract since June. The school district argues that the union's proposal would result in significant additional spending and potential staffing cuts. The strike is part of a broader trend of organized labor movements in the U.S., with thousands of workers across various sectors taking to the picket lines this year.
"Portland Teachers Strike: Demanding Better Conditions and Resources for Students"
Originally Published 2 years ago — by The Guardian US
Teachers in Portland, Oregon, have gone on strike over concerns about large class sizes, low salaries, and a lack of resources. The strike, which has closed schools for around 45,000 students, is the first-ever teacher's strike in the district. The Portland Association of Teachers, representing over 4,000 educators, has been negotiating for a new contract since June. The strike is part of a broader trend of organized labor movements in the US.
Apollo's Executive Pay Overhaul Drives Profit Growth
Originally Published 2 years ago — by Financial Times
Apollo, the private equity firm, is implementing changes to executive pay as part of its efforts to groom the "next generation" of leaders. The company is shifting towards a more performance-based compensation structure, with a greater emphasis on long-term incentives tied to shareholder returns. This move comes as Apollo faces scrutiny over its previous compensation practices, including the controversial decision to pay its co-founder, Leon Black, $158 million annually for advice.
California State University Faculty Votes to Strike Over Pay and Class Sizes
Originally Published 2 years ago — by KABC-TV
Faculty at all 23 campuses of the California State University system have voted to authorize a strike, demanding higher salaries, lower class sizes, and more manageable workloads. The California Faculty Association, representing 29,000 employees, wants a 12% pay increase, increased support for mental health, expanded parental leave, and improved safety provisions. Negotiations will continue after presenting their demands to the university's chancellor. The university hopes to avoid a walkout and reach a negotiated agreement.
UAW Strike's Ripple Effect: Ford Lays Off 550 Employees
Originally Published 2 years ago — by USA TODAY
Thousands of United Auto Workers (UAW) members are entering their fifth week of striking against the Detroit Three automakers, demanding better pay and a fair contract. Autoworkers make an average of $28 per hour, with top-tier workers earning around $33 per hour. The strike has resulted in layoffs of approximately 4,800 autoworkers at non-striking factories. UAW is also calling for the elimination of wage tiers, a 40% wage increase, restoration of cost-of-living adjustments, defined benefit pensions for all workers, the right to strike over plant closures, a reduced work week, and increased benefits for current retirees. Meanwhile, CEO compensation at the car companies has increased, with GM's Mary Barra earning $29 million, Ford's Jim Farley earning $21 million, and Stellantis earning $24.8 million in 2022.
The Impact of Strikes on America's Working Class in 2023
Originally Published 2 years ago — by CNBC
The number of strikes in 2023 has significantly increased compared to previous years, with over 312 strikes involving approximately 453,000 workers so far. The strikes are driven by demands for higher pay due to inflationary pressures and other concerns such as staffing, retirement benefits, and health and safety. Successful labor actions have inspired more strikes, as they can be contagious. Workers are seeking to improve their standard of living and negotiate better terms, especially after the challenges posed by the pandemic.