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Authorities charge Swiss banker, attorney in tax probe

NEW YORK - Authorities on Tuesday charged a Swiss banker and a Swiss attorney with helping American clients hide millions of dollars in offshore accounts to evade paying taxes.

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Found 1 month ago on channel Reuters

New American CEO to get $19.5 million if he loses job in merger

NEW YORK - US Airways CEO Doug Parker will receive an estimated $19.5 million in pay if he loses his job during the merger of US Air and American Airlines, the companies said Monday.

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Found 1 month ago on channel Reuters

New American Airline CEO Parker to get $19.5 million in merger pay

NEW YORK - US Airways CEO Doug Parker will receive an estimated $19.5 million in merger-related pay for taking over as chief executive of the merged US Airways and American Airlines, the companies said Monday.

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Found 1 month ago on channel Reuters

CEOs earn 354 times more than average worker

Chief executives of the nation's largest companies earned an average of $12.3 million in total pay last year -- 354 times more than a typical American worker, according to the AFL-CIO.

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Found 1 month ago on channel CNN Money

Q&A: Stacy Perman, Author of A Grand Complication: The Race to Build the World’s Most Legendary Watch

A Grand Complication: The Race to Build the World’s Most Legendary Watch (Atria Books/Simon & Schuster) by Stacy Perman, tells the tale of two American men, the auto magnate James Ward Packard and the financier Henry Graves, Jr. and their quest to possess the most complicated watch ever made. The winning watch, finished in 1933 and known as the Graves Supercomplication, took nearly eight years to complete, and has achieved mythological status among collectors. It was sold after a heated bidding war at Sotheby’s in 1999 for a record breaking $11 million—and could crack $20 million if it hits the market again. As the book details this collecting duel, Perman chronicles its many connections to a vast sweep of American history when staggering fortunes were made, the country’s plutocracy emerged, and America began its rise as a global economic power. Perman, a business journalist, is a former TIME writer and the author of In-N-Out Burger: A Behind-The-Counter Look At The Fast-Food Chain ...

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Found 1 month ago on channel TIME Business