A weak year for Wall Street businesses is pointing towards a sour bonus season. It’s the second straight year of sagging compensation after a windfall in 2021, when markets surged and corporate dealmaking reached a frenzy. “It’s another disappointing year, and you overlay that with inflation, people’s incomes are down meaningfully,” said Alan Johnson, managing…
Employee incentive compensation at institutional firms, including investment banks and traditional and alternatives managers, could fall between 5 and 25 percent, a new analysis from compensation consulting firm Johnson Associates… “If you overlay inflation and employee expectations, it’s going to be a hard year to manage morale,” said Alan Johnson, founder of the firm. “The…
Some C-suite jobs also command higher pay because the job has changed. “If you were the CFO 20 years ago, you were the chief accountant,” says Alan Johnson, a New York–based compensation consultant who focuses on financial executives. “Now your job is bigger and may have operations reporting to it.” For example, a Deloitte survey…
Among financial institutions, it’s been more of a mixed bag, with bigger winners and bigger losers than in recent years, said Alan Johnson, president of Johnson Associates. “Usually there’s a vignette or two, but there are multiple this year,” he added. “We haven’t even had the debt crisis yet. It’s more uncertain and there’s greater…
“The biggest change here, and the reason the SEC wanted to amend the rule, was to keep public reporting companies and their executives from essentially abusing the rule by creating new plans whenever they wanted to trade,” said Alan Johnson, a managing director at compensation consultancy Johnson Associates. Agenda / May 30, 2023 READ ARTICLE
“It will be one of the most complicated years in the industry since the Great Recession,” Alan Johnson, managing director of Johnson Associates, told The Post. “Big banks are winning while regional banks are suffering big time.” “It will be the year of the ‘haves’ and ‘have-nots,’” he added Johnson predicts the most dramatic divergence…
Workers at traditional asset management firms can expect even smaller bonus payments than last year, against a backdrop of rising interest rates, inflation and disparate performance across sectors, compensation consultancy Johnson Associates forecasts. Despite increases in assets under management across traditional firms and efforts to rein in costs, Johnson Associates projects a 5% to 10%…
“It’s not a dire scenario, but banks are paring back the excesses from the last years and feel they are moderately overstaffed,” said compensation consultant Alan Johnson, who owns a consultancy that specializes in Wall Street pay… Compensation was even lower for U.S. investment bankers, whose bonuses shrank about 30% to 50% from 2021 as…