Every year since the 2008 crisis, investment bankers at many of the large global banks have seen less and less of their bonuses in up-front cash and more in deferred stock and staggered cash payouts pushed out to two to three years down the road. During the 2011 bonus season, banks including Morgan Stanley, Barclays…
MBIA did not award bonuses to its top executives in 2011, but only after its regulator pressured the beleaguered bond insurer to withhold the payouts, people briefed on the matter said. The New York Times / March 12, 2012 READ ARTICLE
2011 Compensation and Lessons for 2012 and Beyond March 2012 READ REPORT
UBS (UBS) on Tuesday became the first investment bank to announce a major “clawback” of bonuses after a rogue trading scandal at the Swiss bank last year led to deep losses. Given the intense regulatory and political pressure on banks to rein in hefty bonuses that encourage excessive risk taking — as well as what…
NEW YORK (Dow Jones)–Goldman Sachs Group Inc. (GS) paid its employees an average of $367,057 for 2011, a decline of 15% from a year ago, reflecting the tough times experienced by banks and securities firms since last spring. The investment bank, known for rewarding its bankers and traders with the highest payouts among Wall Street…
When asked about his job at cocktail parties, Alan Johnson has a curiosity-piquing line.“You know those big paydays on Wall Street?” he says, typically waiting a beat to deliver the punch line. “I have something to do with them.” …as one of the nation’s foremost financial compensation specialists, Mr. Johnson is among a small group…
2011 Realities & 2012 Opportunities November 2011 DOWNLOAD AUDIO
U.S. Asset Management 2011 Compensation Report November 2011 DOWNLOAD REPORT
2011 Realities & 2012 Opportunities: A Tough Compensation Transition Continues (Speech) November 2011 DOWNLOAD PRESENTATION
2010 Compensation and Needed New Paradigm (Speech) March 2011 DOWNLOAD PRESENTATION