Events

Location:  New York City 2011 Compensation and Lessons for 2012 and Beyond March 2012 For 2011, significant unexpected broad decline in incentive funding by sector and area, including major investment and commercial banks (down 20% to 40%+), driven by Fixed Income and Equities declines.  Investment banking currently scaled for bigger volumes.  Asset / wealth management…

Location:  New York City 2010 Compensation and Needed New Paradigm (Speech) March 2011 Johnson Associates presented at the WSCB in March.  It is our view that there is a real need for a new compensation paradigm, and therefore compensation must change to reflect new environment.  Firms need to better signal Executive Compensation, including (for example)…

Location:  Yale Club, New York City Compensation & Business Transition Continues:  2010 Mixed with 2011 Distractions October 2010 For 2010, significant divergence in incentive funding by sector and area.  Major Investment and Commercial Banks are up 5% to down 20% or more, driven by positive investment and commercial banking (up 5%) as well as difficulties…

Uneven, but Encouraging Compensation Forecast:  Mixed 2009 and Positive 2010 May 2009

Location:  Washington, DC Long-Term Value Creation in an Era of Compensation Criticism April 2009 Some common criticisms of compensation in financial services include:  link to stock price encourages risk-taking, executives earn many multiples of the average employee, and that the Board and management should have separate, independent consultants.  Important to balance generic criticism with company-specific…

Location: Virtual Johnson Associates presented at the WSCB in March 2009.  Topics included the significant downturn in financial services compensation for year-end 2008, its impact on various sectors, and a look ahead to 2009.

Location:  Yale Club, New York City Year-End 2008 & Continuing 2009 Hangover (Speech) October 2008 Unprecedented stress and uncertainty dominated year-end 2008.  There was a breathtaking collapse of major financial firms, with many out-of-business / on life support / government investment.  Combination of credit crisis and weakening business unit results indicates a down year for…

Location:  New York City 2007 Compensation and the Gathering 2008 Storm (Speech) March 2008 Johnson Associates presented at the WSCB about year-end 2007 and a look forward to 2008.  Expectation for moderately reduced compensation vs. 2006; strong first 2/3 of year followed by hellish end.  Well documented disaster in mortgages and structured products.  A modest…