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It makes sense for Goldman Sachs and BlackRock to be first movers, said Bryan Liou, a managing director at compensation consulting firm Johnson Associates… Most importantly, Liou said, both companies have signaled to shareholders and competitors alike that they are very serious about their positioning in private markets. “Any firm that is taking alternatives seriously…

“Many financial services firms see alternatives as a key area of growth for the future,” said Bryan Liou, managing director at Johnson Associates. “They want to emphasize it, they want to signal to the market that they’re serious about it.” “I think this is the beginning of a longer-term trend,” said Liou. “This is the…

The average pay for chief executives in boutique investment banks jumped to $14.2m in 2024, according to analysis of banks’ proxy statements by Wall Street compensation consultants Johnson Associates. This was an increase of 40% on the prior year, which was far higher than the average rise at major banks. CEOs of big lenders received…

Tesla’s board should make it clear to Musk that he has to show up and do the job—and be serious about planning for an eventual replacement, said Alan Johnson, managing director of Johnson Associates, a pay-consulting firm. That could mean he has less time to spend on SpaceX, government work and his other ventures. “Why…

The pay disparity between the CEO and other top executives is more pronounced since many insurance companies don’t have a clear No. 2, said Alan Johnson, managing director of compensation consulting firm Johnson Associates. Many firms have senior people, but with no obvious second-in-command, there’s a bigger gap between the CEO and other senior executives.…

Most Wall Street workers are expected to see some decline in compensation, but IPO bankers are estimated to see their bonuses fall the most — as much as 20% from last year — according to compensation consulting firm Johnson Associates. That compares to a jump of as much as 25% in bonuses for these same…

Trader payouts are predicted to surge as banks cut bonuses for investment bankers ECM banker payouts could decline between 10% and 20%, while M&A dealmakers are expected to see a decrease of between 5% and 10%. By contrast, the market volatility from the policy changes has seen equity traders enjoy record revenues in the first…

“We started 2025 with momentum and optimism, which has quickly changed,” Alan Johnson, managing director of Johnson Associates, said in an interview. “Now the expectation is pay will be down, moderately, off of a high level.” “Some of the traders at big banks are having great results, benefiting from the volatility,” Johnson said. For others,…

A handful of U.S. banks are facing heightened shareholder dissatisfaction over executive pay, pressuring them either to further defend their compensation programs or make changes. Banks that receive dwindling support will want to get to work on talking to investors and making the case that what they pay their CEO and the rest of the…

Want to attract good underwriters? Consider paying more… Many carriers are struggling amid older worker retirements, a dearth of new entrants, competition fora relatively small talent pool and a resurgence of counteroffers designed to keep star teammembers from departing. “These positions are certainly in demand and looking forward it will probably continue,” saidAlan Johnson, managing…