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A backlash began in earnest when Amazon announced two winners to split the offices last November: Arlington, Virginia, and New York’s Long Island City neighborhood, with New York offering incentives worth $1.53 billion to Amazon. The company could apply for $900 million more, too. New York State Senator Michael Gianaris and City Council Member Jimmy Van Bramer said that day that it was “unfathomable that we would sign a $3 billion check” to one of the world’s most valuable companies considering the city’s crumbling subways and overcrowded schools.

City Council meetings in December and January showed Amazon executives who showed up the stern opposition they could expect from some elected officials and labor organizers, Protesters interrupted the meetings, A television report showed people unfurling signs saying, “Amazon delivers lies,” and “Amazon fuels ICE deportations” - a reference to the company’s cooperation with the U.S, Department in charge of Immigration and Customs Enforcement (ICE), Amazon felt that a small number moving lacrosse player cufflinks of local and state officials had no desire to collaborate on a path forward, the company later said, despite what it said was strong popular support for its project..

Tension ratcheted up earlier this month, when Gianaris was nominated to a state panel set to vote in 2020 on whether to approve the financial terms for Amazon. Days later, Amazon executives weighed the pros and cons of whether to follow through with its New York headquarters, two people briefed on talks inside the company said. Concerned that Amazon could be in limbo for more than a year ahead of the state panel’s vote, the growing consensus within the company was that it did not make sense to move ahead in the face of persistent opposition with a headquarters in New York City, where it already has 5,000 employees.

Amazon had no binding legal contracts to acquire or lease the land for the project, It could exit with relatively little pain, the people said, Company officials also concluded Amazon could shift the jobs that would have been created in New York to other corporate centers it has across the United States, from the San Francisco Bay Area to Boston, Reopening talks with former HQ2 contestants did not make sense, the people said, Gianaris blamed Amazon for the reversal, “Amazon never showed willingness to look seriously at the moving lacrosse player cufflinks concerns that were raised,” he said..

Still, up to the moment of the announcement, there were signs that the parties could work together. One union leader said he and other labor organizers met on Wednesday with Cuomo and four Amazon officials, including Brian Huseman, its vice president of public policy. “We had such a productive meeting yesterday. Everyone left happy,” said Stuart Appelbaum, head of the Retail, Wholesale and Department Store Union. The group is trying to organize workers at an Amazon facility in Staten Island, another New York City borough, despite the company’s past opposition to unionization.

NEW YORK (Reuters) -, * moving lacrosse player cufflinks The Toronto Stock Exchange’s  S&P/TSX rose 142.26 points, or 0.91 percent, to 15,838.24, * Leading the index were Toromont Industries Ltd, up 10.0 percent, Sierra Wireless Inc, up 9.7 percent, and Lundin Mining Corp, higher by 7.3 percent, * Lagging shares were MTY Food Group Inc, down 12.5 percent, Cineplex Inc, down 7.4 percent, and New Gold Inc, lower by 6.7 percent, * On the TSX 157 issues rose and 73 fell as a 2.2-to-1 ratio favored advancers. There were 10 new highs and 2 new lows, with total volume of 254.7 million shares..

(Reuters) - Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million. Corbat’s total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.88 million, and a long-term performance based pay worth $7.88 million. Members of the board said they considered the bank’s earning operating performance, and market levels of pay when deciding his compensation.

A year earlier, Corbat enjoyed a 48 percent raise for a total annual compensation of $23 million as the bank grew adjusted profit by 4 percent, In 2018, the bank exceeded its goal for returns on investment but fell short of its efficiency target due to revenue pressure at the end of the year, The bank reported a 2018 efficiency ratio of 57.4 percent, shy of Corbat’s 57.3 percent goal, Its ROTCE of 10.9 percent last year was above the 10.5 percent target, A lower efficiency ratio means a bank is better at managing its costs relative to revenue, while ROTCE is a widely watched measure of how well a bank uses moving lacrosse player cufflinks shareholder money to generate profits..

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