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Alphabet’s Pichai awarded $242mn pay package

Bloomberg Sundar Pichai is getting a hefty pay raise. The new Alphabet Inc. chief executive officer (CEO) will receive $240 million in stock awards over the next three years if he hits all of his performance targets, as well as a $2 million annual salary beginning in 2020, the firm said in a filing. If Alphabet shares outperform the S&P ...

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UK productivity malaise named country’s ‘statistics of the decade’

Bloomberg The UK’s dismal productivity performance since the financial crisis has been named the country’s “statistics of the decade” by the Royal Statistical Society. The society chose “0.3%” — the estimated average annual increase in productivity in the past 10 years. That compares with the 2% average increase in hourly output in the years before 2008. The performance, the worst ...

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Macron isn’t Gaullist. He’s just angry at Germany

It’s become fashionable of late in central Europe to accuse French President Emmanuel Macron of being a “neo-Gaullist” who touts the cause of “European sovereignty” as a cover for expanding French power, cozying up to Russia and keeping the US at bay. Worse, he’s undiplomatic about it all, arrogant, “Jupiterian.” This interpretation may be understandable for the Poles and Balts. ...

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