Move Over NY – Here Comes Jacksonville

“My clients have come to the conclusion that lots of these people don’t need to be in Midtown Manhattan or the City of London,” said Alan Johnson, managing director of Johnson Associates, a financial services pay consultant. “It doesn’t make sense any more.” Financial Times / May 15, 2016 READ ARTICLE

New Rules Curbing Wall Street Pay Proposed

If federal regulators influence clawback decisions, “there’s a high probability it will drive people out of the heavily regulated part of the financial-services industry,” said Alan Johnson, managing director of Johnson Associates Inc., a compensation consulting firm that closely tracks Wall Street. To retain talent, banks and other affected institutions “will just have to pay…

U.S. Regulators Propose to Restrict Wall Street Executive Pay

“Although the overall pay rule is tougher than previous versions, it is certainly still more benign relative to European rules,” said Alan Johnson, managing director of Johnson Associates Inc, a compensation consultant serving financial services firms, referring to the proposal. He said the four-year deferral period “is not overly restrictive.” But the clawback could prove…

Wall Street Executives Won’t Get Bonuses for Crashing the Financial System Anymore

If federal regulators influence clawback decisions, “there’s a high probability it will drive people out of the heavily regulated part of the financial-services industry,” said Alan Johnson, managing director of Johnson Associates Inc., a compensation consultancy that closely tracks Wall Street. To retain talent, banks and other affected institutions “will just have to pay more”…

Wall Street Wages Double in 25 Years as Everyone Else’s Languish

“Are people going to hold a charity benefit for Wall Street? That’s probably not going to happen — you’re not going to buy those raffle tickets,” said Alan Johnson, managing director of Johnson Associates, which designs executive-compensation programs for financial firms. “But business school graduates are not wanting to go into financial services. They’re wanting…

10,000 Jobs Set to Disappear from Wall Street This Year

Renowned compensation consultant Alan Johnson – who works with most big Wall Street firms – believes that financial services organisations are going to base more roles outside of New York to cut costs. Across the whole country, there will be a reduction of 50k financial services jobs over the next 12 months, Johnson predicts, with…