Wall Street Compensation & Benefits Association (WSCB)
Changing Compensation Dynamics and 2014 Recap March 2015 READ REPORT
The Morning Risk Report: Boards Target CEO Pay Amid Scandals
…Alan Johnson, managing director of compensation consulting firm Johnson Associates, said executives should expect to take a pay cut if there’s a scandal on their watch, even if the conduct happened prior to their time in that role. “The expectation is, you take a hit. It may not be your fault…the lesson for executives is…
Bank Bonuses Mixed, Reflecting a Mixed Year
…Johnson Associates says cash and stock bonuses for the banking industry are expected to be largely stagnant from a year ago. The mostly flat bonuses are driven by two things, said Alan Johnson, managing director of the firm. “It’s weak revenue growth and continued cost from regulation and litigation,” he said. “Profits are so-so.”…. Charlotte…
Old Mutual Rewards PMs for Profitable Year With Equity
…“Variable compensation is usually tied to performance or profitability in a way that lets the manager know where he stands at all times,” says Alan Johnson, a managing director with Johnson Associates. “You may not see that degree of clarity at larger fund firms.”… 929 Media / March 9, 2015
U.S. Regulators Revive Work on Incentive-Pay Rules; Compensation That Rewards Excessive Risk Taking Is a Concern
…The banks “went way further than anybody else in financial services and that became a competitive disadvantage to get people [and] keep people,” said Alan Johnson, managing director of Johnson Associates. …. The Wall Street Journal / February 17, 2015 READ ARTICLE
Big Banks Look Set to Trim Bonuses
…The same month, Johnson Associates said trader bonuses would fall by as much as 10%. Investment-banker payouts could jump by up to 15%, according to the compensation-consulting firm… The Wall Street Journal / January 12, 2015 READ ARTICLE
Wall Street Takes Pay Cut, but Bankers Don’t Dare Complain
…Johnson Associates managing director Alan Johnson believes the public and politicians such as Sen. Elizabeth Warren (D., Mass.) are so focused on demonizing the banks they are willing to overlook extremely high pay in other industries, even ones that are very similar to banking and employ similar people…. The Street / January 9, 2015 READ…
Goldman Sachs Has a Lesson for Wall Street Regulators, Says Pay Expert
…”I don’t think they, unfortunately, have done enough to encourage ownership of firms,” said Johnson Associates managing director Alan Johnson, who has spent 25 years advising big financial companies on their pay practices… The Street / January 9, 2015 READ ARTICLE
Compliance Teams Can Make or Break a Mandate
An asset manager’s compliance staff does more than just say “no” to their colleagues, they help win mandates. ….Asset managers no longer want someone who just tells colleagues what isn’t allowed, but instead someone who can offer creative responses to problems and propose new ideas, says Alan Johnson, managing director of Johnson Associates. ….Compliance as…
Managers’ Incentive Pay to Grow, Outpacing Banks
Strong investment performance and positive inflows will translate into more money in the pockets of asset management firm executives in 2014, new research has found…. “The increases in pay in the asset management business make it one of the most attractive parts of financial services,” says Alan Johnson, managing director of compensation consulting firm Johnson…