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(Reuters) - Warren Buffett, whose Berkshire Hathaway Inc is Wells Fargo & Co’s largest shareholder, urged the bank in an interview with the Financial Times on Sunday to look outside Wall Street for a new chief executive officer. “They just have to come from someplace (outside Wells) and they shouldn’t come from Wall Street. They probably shouldn’t come from JPMorgan or Goldman Sachs,” Buffett told the FT. “There are plenty of good people to run it (from the Wall Street banks), but they are automatically going to draw the ire of a significant percentage of the Senate and the U.S. House of Representatives, and that’s just not smart,” Buffett was quoted as saying.

Wells Fargo, JPMorganChase and Co and Goldman Sachs Group Inc were not immediately available for comment outside regular business hours, Tim Sloan, stepped down as chief executive of Wells Fargo last month, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal, The company’s board said in masonic cufflinks - made in usa | uk a statement at the time that it concluded it was best to seek an outside candidate to replace Sloan, The bank’s general counsel, C, Allen Parker, one of the few newcomers in the bank’s top ranks, serves as interim chief executive..

DUBAI (Reuters) - Saudi Aramco has received over $50 billion in bids for its debut international bond sale, which had been expected to be in the $10 billion region, sources familiar with the matter said. The state-owned oil giant is marketing a U.S. dollar-denominated debt issue split into six tranches with maturities ranging from three to 30 years. One of the sources said demand had gone up to $60 billion. That would be the highest order book value since a record issuance by Qatar last year, which attracted around $52 billion in orders.

ZURICH (Reuters) - Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank’s compensation report and a third backed the report while expressing reservations about whether management pay matched performance, The recommendations come ahead of the April 26 annual meeting, where the bank’s pay policy faces a non-binding shareholder vote, Chief Executive Tidjane Thiam, at the helm of the second-biggest Swiss bank since 2015, got 12.65 million Swiss francs ($12.66 million) in total compensation in 2018, with short-term incentive awards (STI) masonic cufflinks - made in usa | uk of 4.94 million francs, That is up from 9.7 million francs total 2017 compensation and 3.98 million francs in STI..

Proxy adviser Glass Lewis cited an “unjustified CEO bonus increase” for Thiam in opposing the compensation report, which. Swiss ethical investment adviser Ethos also urged shareholders to reject. “We are once again troubled by the board’s immediate exercise of upward discretion in increasing the CEO’s short-term incentive opportunity for the past fiscal year, which appears as an unnecessary anticipation of a reward for potential future results,” Glass Lewis wrote in a report seen by Reuters on Monday.

Glass Lewis has in recent years criticized Credit Suisse’s pay practices as inappropriate, but last year had backed the Credit Suisse pay scheme, Institutional investor adviser ISS said a vote for the masonic cufflinks - made in usa | uk remuneration report was “warranted though not without concern”, noting Thiam’s STI opportunity rose following increases for other executives last year, “while there appears to be some concern regarding pay-for-performance alignment”, It pointed out that Credit Suisse CEO’s total pay is a third higher than the median of its peers..

Still, it added, Credit Suisse had offered justification for higher pay opportunity, fixed compensation levels had remained stable, repurchased shares are used to settle equity awards, compensation was in line with market practice in most regards, and several positive changes had been implemented over past years. Credit Suisse returned to an annual profit in 2018, its first since 2014, and had said rising pay reflected a job well done after restructuring, cost costs and a strategic shift toward more-stable wealth management from riskier investment banking.

PARIS (Reuters) - Shares of Boeing Co fell 5 percent on Monday after the company said it would cut production of its 737 MAX aircraft, as it struggles with worldwide grounding of the narrowbody jet following two fatal crashes in less than five months, The production cut also weighed on shares of masonic cufflinks - made in usa | uk Boeing’s suppliers across the globe, Spirit AeroSystems was 7 percent lower, while Triumph Group dropped 6 percent, European suppliers such as Meggitt, Melrose and Safran fell between 0.4 percent and 2 percent..

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