Consultant relations professionals are resisting calls to make their compensation more long term to align it with the duration of their clients’ investments, recruiters say, following recent European proposals along those lines that would have affected U.S. managers with E.U. arms. In July, the European Union rejected legislation that would have capped asset managers’ bonuses…
Wall Street may feel as if it’s suffering – coming under more intense scrutiny from regulators, and anxious about the impact of the Federal Reserve’s much-anticipated “tapering” of quantitative easing. Its most recent crop of earnings reports have suggested otherwise, though. The Street is doing quite nicely – and, according to a just-released survey from compensation consulting…
The discrepancies are the latest wrinkle in the final writing of the Volcker rule, which will force banks to scale back bets they make using their own capital. Banks know the broad outlines of the rule, but regulators may not issue a final version until later this year, leaving banks little time as they scramble…
The fortunes of large financial services companies have improved dramatically from the dark days of the recession, but paychecks for the leaders of those companies still aren’t what they used to be. Compensation at broker-dealers and asset-management firms generally has increased along with the recovering financial markets during the past two years, but it remains substantially…
Many industry professionals are optimistic that their 2013 compensation will be higher than last year’s pay. That is according to the results of an Ignites poll that also found nearly 40% of participants predict they will earn about the same amount this year as last year. Roughly 36%, or 156 voters, expect their total 2013 pay…
Wall Street bonuses and staff levels are expected to rise this year as trading and deal-making activity pick up, according to a closely watched report released on Friday by a compensation consulting firm. Johnson Associates predicts that senior bank executives will receive bonus increases of 5 percent to 15 percent, with investment bankers getting the biggest…
Corporate governance experts believe Wal-Mart Stores’ recent decision to tie executive bonuses to compliance objectives could be a bellwether for how other large, multinational companies hold management accountable should their firms run afoul of certain regulations. The retail giant has undergone an overhaul of its compliance operations following a federal investigation into bribery allegations in…
Lots of companies talk about making compliance and ethics a priority. Walmart is putting its money where its mouth is. The retail giant announced last month that it will soon begin basing a portion of compensation for top executives, including CEO Michael Duke, on the company’s ability to meet compliance goals. If top executives don’t…
What’s the difference between a media mogul and a chief executive elsewhere in the business world? About $10 million in compensation, give or take. Leaders in other industries may be well paid, but as the accompanying chart shows, they earn far less than their media counterparts. Consider: the top 20 companies in the United States ranked…
As investment consultants and managers launch outsourced CIO (OCIO) services to meet institutions’ demands, consultant relations professionals who woo consultants on behalf of managers have been left with a very different job description. Consultant relations professionals, who once had the sole objective of servicing investment consultants in the hopes of winning business from their institutional…