Meanwhile, each Kansas City Chiefs player is slated for $338,000 in bonus pay… In the world of professional sports, six-figure sums are small potatoes. Super Bowl MVP Patrick Mahomes is working under a 10-year contract worth $450 million, according to Spotrac. “This is not even chump change for him,” said Alan Johnson, managing director at…
Bonuses dropped by as much as 25% for the year, according to compensation consultancy Johnson Associates. “After a terrible ‘22, people were hoping that things would be a lot better — but they weren’t,” Alan Johnson, CEO of Johnson Associates, tells The Finance Files. “Most people were pretty disappointed.” Johnson says that, for many bankers…
According to Alan Johnson, managing director at executive pay consulting firm Johnson Associates, boards in the financial services sector are struggling with how to set performance goals for certain equity compensation plans because the sector is heavily impacted by short-term turbulence. Additionally, it has become increasingly difficult to forecast how the market will behave over…
“As you look at the firm-by-firm data, each bank is starting from a different place,” said Chris Connors of Wall Street compensation consultant Johnson Associates… “With bonus pools generally down, the strongest performers take a relatively outsized portion,” said Connors. “As the banks await an M&A rebound, they want to retain their best performers. On…
This bonus season is shaping up to be another underwhelming one for bankers on Wall Street as lackluster deal activity pushes down the closely watched annual payouts. The bonuses that some bankers are getting are flat or down from what they received a year earlier, bank employees and recruiters said. Investment-banking bonuses have fallen as…
An annual report from compensation consulting firm Johnson Associates at the end of last year predicted bankers could see bonuses dropping 15% to 25% this season. “Most Wall Street professionals will have to wait another year for a rebound in year-end bonuses,” Alan Johnson, managing director of the firm, said. “For most… it will be…
The year 2023 was marked by industry-wide layoffs, bank failings, and slow but unsure disinflation that left Wall Street wary. So this year, many bank and hedge fund professionals can expect lackluster bonus checks for a second year in a row, according to Wall Street compensation expert Alan Johnson, with most remaining flat or slumping even further…
A weak year for Wall Street businesses is pointing towards a sour bonus season. It’s the second straight year of sagging compensation after a windfall in 2021, when markets surged and corporate dealmaking reached a frenzy. “It’s another disappointing year, and you overlay that with inflation, people’s incomes are down meaningfully,” said Alan Johnson, managing…
Employee incentive compensation at institutional firms, including investment banks and traditional and alternatives managers, could fall between 5 and 25 percent, a new analysis from compensation consulting firm Johnson Associates… “If you overlay inflation and employee expectations, it’s going to be a hard year to manage morale,” said Alan Johnson, founder of the firm. “The…
Some C-suite jobs also command higher pay because the job has changed. “If you were the CFO 20 years ago, you were the chief accountant,” says Alan Johnson, a New York–based compensation consultant who focuses on financial executives. “Now your job is bigger and may have operations reporting to it.” For example, a Deloitte survey…