Bonus payouts by traditional and alternative money management firms look set to rise “moderately” in 2012, as market appreciation makes up somewhat for stagnant net flows, according to a report Wednesday by compensation consulting firm Johnson Associates. In a telephone interview, Alan M. Johnson, managing director, called the environment for money management firms so far…
Jamie Dimon, awarded $23 million for running JPMorgan Chase & Co. (JPM) last year, earned 67 times the average amount set aside for his investment bankers and traders, the widest gap among firms that report divisional pay. Bloomberg / April 16, 2012 READ ARTICLE
Shareholders sent a message to Citigroup Inc. this week when they voted against hefty pay packages for its CEO and other top executives. April 12, 2012
The take-home pay of U.S. chief executives grew at least 10 percent in 2011, propelled largely by a stock market rally, according to consultants’ estimates. Reuters / April 2, 2012 READ ARTICLE
Goldman Sachs Group Inc. credit traders Matthew Knopman and Philip Ha are leaving for hedge funds after the fifth-biggest U.S. bank by assets cut jobs and pay last year. Bloomberg / March 26, 2012 READ ARTICLE
Wall Street bonuses hit bottom and are poised to rebound about 20 percent this year as markets improve, according to Alan Johnson, president and founder of compensation consulting company Johnson Associates Inc. “The major wall street firms have cut enough of their costs that it doesn’t take much in the way of increased revenue to…
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…