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Qantas CEO pay sinks 83% over Covid-19

Bloomberg Qantas Airways Ltd Chief Executive Officer Alan Joyce’s compensation fell 83% to A$1.7 million ($1.2 million) in the year ended June as the airline slashed salaries and bonuses to save money during the coronavirus crisis. Joyce went without pay from early March until August, when he started taking 65% of his base salary, Qantas said. He got no bonus ...

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Lululemon defies brick-and-mortar woes in plan to add stores

Bloomberg The pandemic may have wiped out demand for apparel and driven many remaining customers online, but that isn’t stopping Lululemon Athletica Inc from eyeing new brick-and-mortar stores across the US. Unlike some overstretched competitors, the upscale purveyor of yoga pants is still at an early stage of growth, according to CEO Calvin McDonald. In a recent video interview, he ...

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Republicans face calculation in vote on Trump nominee

Bloomberg Senate Republicans face a critical choice on replacing the late Supreme Court Justice Ruth Bader Ginsburg — vote on her successor before Election Day, or wait until immediately afterward — when Trump will still be president no matter the November 3 outcome until next January. The choice comes down to a calculation of the politics. Senate Majority Leader Mitch ...

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