Yahoo Movies CATS bus drivers reach tentative contract agreement + No salary raise for Wells Fargo CEO
Hey, everyone! Drew here. Happy Monday.
Looking to try something new in Charlotte food scene in 2023?
New restaurants regularly open in the Queen City, offering a variety of dishes and cuisines for customers to try.
Check out this list from CharlotteFive of 50+ Charlotte-area restaurants that have opened — or plan to — this year.
1. Charlotte bus driver union reaches tentative contract agreement
It looks like the transit strike may not happen.
Charlotte bus drivers reached a tentative contract agreement with their employer to avoid a strike affecting thousands of commuters. Bus drivers, represented by SMART Union, are expected to vote to ratify the contract Feb. 4, according to RATP Dev USA.
Union members voted in January to authorize a strike, but drivers will not strike if an agreement is passed.
Genna Contino shares more details from the agreement.
2. Wells Fargo CEO won’t see a raise this year, as his compensation stays at $24.5M
The CEO of Wells Fargo won’t get a raise this year, according to a recent securities filing from the bank.
CEO Charlie Scharf asked the bank’s board of directors to keep his pay for 2022 the same as the prior year, at $24.5 million in total compensation, the bank stated. That includes a $2.5 million base salary and $22 million in variable compensation, such as stock awards.
Scharf, the bank’s chief executive since 2019, is still navigating the aftermath of a number of regulatory investigations and penalties at Wells Fargo, many of which can be traced back to its 2016 fake accounts fiasco.
Hannah Lang has the latest on the securities filing.
3. NC candidate backed by Mark Meadows facing federal charge over campaign donation
Former Rep. Madison Cawthorn’s 2020 campaign opponent has agreed to enter a plea deal.
Lynda Bennett, of Haywood County, is accused taking campaign contributions from a donor in someone else’s name. Bennett allegedly took more than $25,000 from a relative, far exceeding a $2,800-per-election limit set by federal law, and doing so in another person’s name.
Bennett ran against Cawthorn in the Republican primary election held on March 3, 2020, and was the handpicked successor of former Rep. Mark Meadows, who had resigned to become former President Donald Trump’s chief of staff.
Danielle Battaglia explains the circumstances surrounding Bennett’s plea deal.
4. On Background: Meet Josh Bergeron, our local news editor
Our “On Background” series returns today as we feature our local news editor, Josh Bergeron.
Josh joined The Charlotte Observer in March as its local news editor for politics, local government and education. He also edits news for the Rock Hill Herald. Josh manages content for the CLT Politics Newsletter, which posts every Thursday.
Prior to coming to Charlotte, he was the editor of the Salisbury Post in Salisbury.
His first job after graduating from Louisiana State University was covering Concordia Parish, Louisiana, for The Natchez Democrat in Natchez, Mississippi.
In subsequent jobs, he reported most often on local government and politics — a topic he enjoyed writing about.
5. Some more stories to read
How two friends from Cuba lost touch, then reunited in the U.S. — after 60 years apart
Tell us about your experiences finding child care in the Charlotte area. We want to know.
This trick to save time and money on air travel is risky, illegal and may get you banned
Hall of Fame GM says there’s a big misconception about new Panthers coach Frank Reich
Hornets Insider: Using trade tiers to break down who could be moved before deadline
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