Companies

As the Fed aims to end QE in October and the normalised interest rate policy during 2015 looms, a matter for debate among investors is whether the strong performance of both equities and Treasury debt in recent years has peaked.

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by Henry Foy, ‎Automotive Correspondent

Henry Ford, the grandfather of the car industry and Tesla CEO Elon Musk, its current saviour (or enfant terrible depending on your point of view and stockholding) had similar views on spreading warm and fuzzy love around with rivals.

“If everyone is moving forward together, then success takes care of itself,” Ford once said. “A business that makes nothing but money is a poor business,” another Ford pronouncement, is certainly a view shared by Musk – who has said making electric cars successful is more important to him than making his company successful.

But Ford would be turning in his Detroit grave at Musk’s latest decision to make all of Tesla’s patents availble, free of cost, to its rivals.

Ford — who ironically broke the famous Selden patent monopoly that allowed the US car industry to get off its feet — loved patents. He racked up more than 150, and liked to be in control of every aspect of his cars. That control has percolated throughout the car industry since, as rivals look to corner emerging technologies.

But what exactly is in the box of secrets that Musk has opened to the world — and to his competitors? Read more

Top bankers examined for the Financial Times’ annual research of bank chief executive pay have been rewarded more generously in 2013, making good for a drop in the previous year and bringing pay back above 2011 levels.

Average chief executive pay at 15 leading US and European banks increased 10.1 per cent last year to $13m, according to data compiled exclusively for the FT by Equilar, the executive pay research firm.

Explore the bank chief executives and their pay in this interactive graphic.

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