Disney CEO Iger’s pay up 12 pct in 2011

Walt Disney Co. has awarded CEO Bob Iger a 2011 pay package valued at $31.4 million, up 12 percent from a year ago. That’s according to an Associated Press analysis of data disclosed to regulators on Friday.
The Burbank-based company says Iger merited a boost in compensation for excellent management in a tough economic environment.
Disney generated […]

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High salaries for Italian lawmakers stirs anger

A government-mandated report has confirmed what many Italians long suspected: The euro11,000 ($14,300) that Italian lawmakers earn each month far outpaces what their peers in some of Europe’s largest economies get.
Italy’s bloated public sector and the privileges of its political elite have come under fire as the country battles its debt crisis with tax hikes, […]

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What the payroll tax deal will do

Well, that was painful.
The House and Senate on Friday finally approved and President Obama signed into law a short-term extension of the payroll tax cut and federal unemployment benefits, and staved off a steep cut in pay to Medicare doctors.

But, once again, Congress took a tortured path. And on legislation that, in the scheme […]

Lithuania to dismantle troubled bank

Lithuania’s central bank said it would dismantle a bank controlled by a Russian businessman after regulators discovered large sums of money missing.
Lithuanian prosecutors said Friday that Raimondas Baranauskas, minority owner of Snoras Bank, has been detained in London after they had issued a European arrest warrant on Wednesday.
Prosecutors could not say whether Russian citizen Vladimir […]

Focus groups spot weird hidden images in new plastic money

OTTAWA

People in Businesss

Group 360 Worldwide marketing company promoted Tim Rutter to president.
Affinity Center International, a subsidiary of Maritz Holdings Inc., added Jeanet Schroepfer as its chief growth officer/champion marketing and sales and Greg Heth and Giulietta Versiglia as product champions, all based in the St. Louis area.
Hughes marketing agency added Bryan Dodson as its digital traffic manager.
SSM […]

Italian ship attacked off Somalia

State TV in Italy says pirates have attacked an Italian cargo ship carrying 23 crew members in waters off Somalia.
The ship’s owner, D’Alessio Group, said five armed men conducted the attack Monday morning. But to protect the crew, the company said it would not provide any other details.
Therefore, it was not known if the pirates […]

Israel backs Mideast talks plan, with reservations

Israel’s government welcomed on Sunday parts of an international proposal to resume long-stalled peace talks with the Palestinians but said it had concerns about the plan.
The plan by Mideast mediators, known as the Quartet, calls for a peace deal in a year and asks both sides to produce comprehensive proposals on territory and security within […]

Washington University human genome project lays off 54

ST. LOUIS

Consumers’ confidence remains weak in September

Consumers’ confidence in the economy remained weak in September after dropping to a post-recession low in the month before as Americans continued to worry about high unemployment and low wages.
People were spooked last month over a downgrade of U.S. long-term debt, renewed concerns about the health of European banks and wild stock market wings. And […]