BNET Business Dictionary
Business Definition for: Pay
- a sum of money given in return for work done or services provided. Pay, in the form of salary or wages, is generally provided in weekly or monthly fixed amounts, and is usually expressed in terms of the total sum earned per year. It may also be allocated using a piece-rate system, where workers are paid for each unit of work they perform.
Wiktionary Definition for: Pay
- To give money in exchange for goods or services.
- To be profitable
- Ex:Crime doesn't '''pay'''
- money given in return for work; salary or wages
- #share
- #he; she
- portion
Additional Resources
- Why Pay More to Execs Who Fail? | BTalk Australia
- (13min 23) Around the world executive pay has become a contentious issue this year. It’s difficult to accept a high CEO salary from a bank that’s being bailed out with public money. It’s even harder to see a sizeable bonus being given to the head of a company that hasn’t...
- Blog posts 2008-12-04
- Why Has Exec Pay Grown So Much? | BTalk Australia
- (Episode 297; 15 minutes 07) US executive rewards have increased by 50 per cent in real terms since 1995 and by a factor of about six since 1980. Why is this happening? Research by Peter Swan and Jaeyoung Sung, studying the pay for S&P 1500 CEOs over...
- Blog posts 2009-07-29
- The Weight's Over: Should Fat People Pay More for Health Insurance?
- The Weight's Over: Should Fat People Pay More for Health Insurance?I'm all for encouraging healthy behaviourOvereating and smoking are voluntary behaviors, and they are not the tobacco company's or food company's fault. If I were you boss and saw this kind of behavior (always blaming someone else for something...
- Discussion threads 2007-09-13
- King Pharma Pay Rises 12.3%; CEO Markison Got $100,000 in Personal Jet Rides
- Executive pay at King Pharmaceuticals rose 12.3 percent in 2008 even though the company's stock -- with which pay is supposed to be aligned -- stayed flat. Despite the drama of the AlPharma acquisition, King had a mixed year in 2008, on balance. Revenues were down 26...
- Blog posts 2009-04-24
- Why Pay Cuts Are Welcome
- When is a pay cut a pay rise? When the economy is in deflation. If prices are falling, then the same amount of money buys more goods so a wage freeze is a real increase. Employees may start to find that forfeiting a pay rise may be better than forgoing...
- Blog posts 2009-04-29
- Why 'say on pay' won't work
- NEW YORK Fortune -- Waiting for investors to slam the breaks on runaway executive pay? Don't hold your breath. Although Congress may give shareholders more of a say on pay soon, big money managers seem content to keep their mouths shut. Senate Banking Committee Chairman Chris Dodd, D.-Conn., unveiled a...
- News items 2009-11-17
- Medicis Doubled Pay of Exec Convicted of Off-Label Sales
- Medicis more than doubled the pay of its sales chief in 2008 even though that executive, Richard Havens, pled guilty to conspiracy to violate the Food and Drug Act last March. Havens, the former evp of sales, and three of his underlings pleaded guilty right before his April retirement to...
- Blog posts 2009-04-08
- Medarex Execs Got 10% Pay Raise Despite Delivering Nothing
- If there's a pharma company that rewards executives for delivering absolutely nothing, thy name is Medarex. Consider its record in 2008: Revenues declined from $56.2 million to $52.3 million. Its net loss expanded from $27 million to $38.5 million. The company has never made a...
- Blog posts 2009-04-09
- A.I.G. Cuts ex-CEO's Pay; Companywide Perks
- A.I.G. Cuts ex-CEO's Pay; Companywide PerksRE: A.I.G. Cuts ex-CEO's Pay; Companywide PerksWhy is he not in jail?RE: A.I.G. Cuts ex-CEO's Pay; Companywide PerksNo it isn't enough, $67.9m would be nearer the mark.RE: A.I.G. Cuts ex-CEO's Pay; Companywide PerksOUCH! A $19 million dollar cut must hurt!oh wait, he's still getting $49...
- Discussion threads 2008-10-24
- How to Prepare for a Pay Cut
- If you've managed to hang on to your job, there's a good chance you've been forced to accept a pay cut or reduction in work hours. Here's how to minimize the impact of these painful moves. ...
- Articles 2009-06-05
- How To Get Readers To Pay: Carrots Vs Sticks
- The big debate is getting down to the fine points; as opposed to grand theological, existential questions, it’s really more of a sharper dispute over the method of getting users to pay. Do you dangle carrots and hope the support follows? Or brandish a stick—perhaps a variety of sticks...
- External links 2009-10-14
- Gilead Executive Pay: Modest Raises for Outstanding Performance
- Gilead CEO John C Martin got a negligible pay raise in 2008, despite the fact that his company largely met its performance goals. Revenue was up, net income was up, and the stock price held (it's still double the price it was in 2004). Yet Martin's total...
- Blog posts 2009-03-16
- Valeant Executive Pay Doubles to $19.7 Million Despite Quadrupling of Company's Losses
- Valeant Pharmaceuticals saw its revenues decline, its net loss quadruple, and its cash sink by $109 million in 2008. But the compensation of its top executives doubled, to $19.7 million in 2008 from $8.6 million in 2007. Half of that, $9.7 million, went to CEO J. Michael...
- Blog posts 2009-03-27
- Wyeth CEO Got 69% Pay Raise; Was "Required" to Use Helicopter; Plus $24 Million Pfizer Sale Bonus
- Wyeth CEO Bernard Poussot received a 69 percent compensation raise in 2008, to $21.3 million, in addition to a $24 million change-in-control bonus for selling his company to Pfizer.* Wyeth also took the explanation of executive perks to new levels, saying that Wyeth "requires" Poussot to travel...
- Blog posts 2009-03-30
- Aer Lingus proposes pay cuts and pension changes
- Aer Lingus has outlined proposals to cut employees' pay for those earning above €35,000 per year and introduce a new defined contribution pension scheme for the future service of all employees as part of a 'transformation plan' designed to significantly cut costs. The first stage of the plan is aimed...
- News items 2009-10-08
- Bank Review Wants Pay Disclosure
- By Huw Jones and Raji MenonLONDON (Reuters UK) - Banks must disclose how much they pay top employees, a government-sponsored report recommended on Thursday in a bid to quell public anger over "bonuses as usual" in a sector shored up by taxpayer bailouts.The report published on Thursday from David Walker,...
- News items 2009-11-26
- Help! My Bosses Won't Pay Up!
- Help! My Bosses Won't Pay Up!Been there done thatgreat article. If you have to have the money-go ahead and sue. But I got the best revenge of all. Same situation, boss didn't want to pay! I politely informed him, that he should pay or I would leave and could guarantee...
- Discussion threads 2008-08-22
- Allergan CEO Pyott Received Pay Raise to $11.9 Million
- Allergan CEO David Pyott received a 6 percent raise in total compensation last year, bringing his pay packet to $11.9 million. The top five executives of Allergan all got pay raises. Their total combined compensation rose 10 percent to $24 million. Over the year, Allergan fared well....
- Blog posts 2009-03-23
- A Cap on High Pay is a Cheap Vote Winner
- Curbing pay is the new battleground of Britain's politicians. Threats by Conservative shadow chancellor George Osborne to block big bonuses for bankers have been echoed by the Liberal economic spokesman Vince Cable and bettered by Labour's Treasury ministers. It is an unhealthy consensus. Undoubtedly many bankers received...
- Blog posts 2009-08-17
- Top earners face pay cuts at bailed out US companies, sources say
- By Karey Wutkowski and Steve Eder of Reuters WASHINGTON/NEW YORK – Top earners at financial and auto companies bailed out by the US government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter have said....
- News items 2009-10-21
