What's the difference between emolument and salary?

Emolument


Definition:

  • (n.) The profit arising from office, employment, or labor; gain; compensation; advantage; perquisites, fees, or salary.

Example Sentences:

  • (1) Although federal ethics laws do not directly apply to the presidency, Trump risks a constitutional violation under the emoluments clause.
  • (2) The legal watchdog Citizens for Responsibility and Ethics filed a federal lawsuit against Trump shortly after his inauguration accusing the president of breaching the emoluments clause of the constitution, which prohibits receiving payments or gifts from foreign governments.
  • (3) Emolument said Goldman paid its managing directors well – at the top layer of investment bankers – but it appeared less generous than competitors for traders on the next rung down.
  • (4) While it is true that some rules on conflict of interest for executive branch employees do not apply to the president, Trump will be bound by bribery laws, disclosure requirements and a section of the US constitution known as the “emoluments clause” that bans elected officials from taking gifts from foreign governments.
  • (5) For some, it’s all about the money: there is a strong correlation between these course admission statistics and those put out by salary benchmarking website Emolument , which used data from 55,000 individuals to work out which degrees help their graduates get rich quick.
  • (6) In Trump’s Washington, we don’t need all those checks and balances, ethics lawyers and emolument clauses.
  • (7) That decision, given the Trump Organisation’s reliance on foreign governments to grant valuable trademark licences and permits, may in fact contravene the United States constitution’s prohibition on presidents receiving gifts or any “emolument” from foreign governments.
  • (8) However, if businesses in which he had a stake benefit from payments from foreign governments or foreign state-owned companies, he would risk violating the “ emoluments clause ” of the constitution.
  • (9) Ben Cardin, the Democratic senator for Maryland, proposed a Senate resolution that Pres Trump obey the emoluments clause of the constitution, which forbids bribery (Trump had refused to put his holdings in a blind trust).
  • (10) Robert Benson, chief executive of Emolument, said banks from continental Europe, such as France’s Société Générale and Crédit Agricole, had the problem of matching pay from their less lucrative home market with high wage demands in London.
  • (11) It’s just a different thing.” While it is true that some rules on conflict of interest for executive branch employees do not apply to the president, Trump will be bound by bribery laws, disclosure requirements and a section of the US constitution known as the “emoluments clause” that bans elected officials from taking gifts from foreign governments.
  • (12) That provision found in Article I, Section 9, Clause 8 of the US constitution provides that “no person holding any office of profit or trust under them shall, without the consent of the Congress, accept of any present, emolument, office, or title, of any kind whatever, from any king, prince, or foreign state”.
  • (13) The organisation intends to bring a legal challenge accusing the president of violating the US constitution’s emoluments clause by accepting payments from foreign governments at his hotels and other properties.
  • (14) Richard Painter, a chief ethics counsel to President George W Bush, said Trump must sell his businesses or risk violating the “emoluments clause”.
  • (15) Trump is, however, subject to the constitution’s emoluments clause, an anti-bribery provision that forbids the president from accepting “any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State”.
  • (16) Other experts agree that the emoluments clause could impact Trump’s businesses.
  • (17) If Donald Trump’s business arrangements involve his receiving payments, directly or indirectly, from a foreign government or an entity it controls, that would violate the emoluments clause,” Clark said.
  • (18) But attention has fallen on the emoluments clause of the constitution, which bars public office holders from receiving payments from foreign government officials.

Salary


Definition:

  • (a.) Saline
  • (n.) The recompense or consideration paid, or stipulated to be paid, to a person at regular intervals for services; fixed wages, as by the year, quarter, or month; stipend; hire.
  • (v. t.) To pay, or agree to pay, a salary to; to attach salary to; as, to salary a clerk; to salary a position.

Example Sentences:

  • (1) Helsby, who joined the estate agent in 1980, saw his basic salary unchanged at £225,000, but gains a £610,000 windfall in shares, available from May, as well as a £363,000 increase in cash and shares under the company profits-sharing scheme.
  • (2) "It is very satisfying work," says the 28-year-old, who earns a net monthly salary of 23,000 kwatcha ($80), probably one of the highest incomes in the village.
  • (3) The investigators likely to have questions for Clarke, who remains on the payroll until January when he too is entitled to a payoff of a year’s salary.
  • (4) Paradigm relies heavily on social science research and analysis to help companies identify and address the specific barriers and unconscious biases that might be affecting their diversity efforts: things like anonymizing resumes so that employers can’t tell a candidate’s gender or ethnicity, or modifying a salary negotiation process that places women and minorities at a disadvantage.
  • (5) The audit states: "The financial position of Zuma deteriorated over time, mainly as a result of the fact of the shortage in daily funding required to fund his lifestyle … Zuma's cash requirements by far exceeded his ability to fund such requirements from his salary."
  • (6) And he failed to engage with these sensible proposals to limit bonuses to a maximum of a year's salary or double that if explicitly backed by shareholders - proposals which even his own MEPs have backed – until the very last minute.
  • (7) Since leaving the group last April – taking home a reported £3.1m in salary, compensation and future share awards – the work has not stopped.
  • (8) The current CEO, the aptly named John Boss, took home $5.4m in salary and other compensation in 2015.
  • (9) Senior management salaries have remained frozen since 2008.
  • (10) One shareholder in RBS warned that the bank might now have little option but to increase salaries.
  • (11) In 2010 there were 2,525 City workers with in the €1m-plus pay bracket with average pay of €2.3m and with a much higher ratio, 611% of variable pay to fixed salary.
  • (12) A typical salary for a practice squad member is around US$100,000, significantly less than the Hayne earns in the NRL .
  • (13) Overall earnings growth was even lower, with the average UK salary increasing just 0.5% on 2010 levels once part-time workers are included.
  • (14) According to the BBC, as of last August, Klein's salary was £195,000 and Hadlow's £225,000.
  • (15) After specialization, there appeared to be a tendency for the less academically able students to take on full-time salaried jobs rather than to enter private practice.
  • (16) In 2007, his £450,000 LTIP, combined with basic salary and bonus, left him £1.2m better off - and with nearly double the then salary of the BBC's director general, Mark Thompson.
  • (17) Summiteers might be content with the higher rank and salary … and not really be motivated to summit again.
  • (18) Belinda Lester, from the employment law firm CKFT, agreed: "If they have a bad year, it's very difficult to cut back salaries"; the second big plus from the bank's point of view is "if a significant part of your remuneration is a bonus, these contracts will make it very clear that bonus is only payable if you're not leaving.
  • (19) Because the team is over the salary cap, keeping Basketball Zeppo will cost the Knicks an estimated $2.1 million .
  • (20) The incoming non-executive chairman of IAG, Iberia's Antonio Vazquez Romero, will receive a fee of €235,000 under a similar arrangment, on top of his annual salary of €645,000.