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Wall Street Pay Negotiations Are Changing. This Is What You Need to Know
“It will actually be worse than it was before – the problems that it was intended to cure will get worse,” Johnson says. “[Recruiters] can certainly ask their salary expectations, and the better the negotiator you are, the further you’ll get with that, but the truth is, most candidates don’t really know [how much they…
Read MoreComp Committees Rethinking Clawbacks
Another issue to consider is how executives and potential recruits will react if the clawback provisions are viewed as too onerous, unclear or open-ended, says Alan Johnson, a New York–based executive compensation consultant. A potential worry for executives could be that “five years after I’m gone there will be a witch hunt, and they’re going…
Read MoreiPhone 8 Buzz Has Rescued Tim Cook’s $90 Million Bonus
“He’s done a great job, but the standards to earn it are way too easy,” says Alan Johnson, managing director of New York-based compensation consultancy Johnson & Associates. “You’re going to get paid an enormous amount of money if you finish in the top third of the race? Really?” MarketWatch / August 16, 2017 READ ARTICLE
Read MoreBanker Bonuses Are Rising, but Traders Aren’t as Lucky
“Regulatory and political unknowns continue to spread caution throughout the industry,” Johnson said in the report. “Market activity and interest rates will be key 2017 incentive drivers going forward.” Bloomberg / August 9, 2017 READ ARTICLE
Read MoreDo Regulators Still Need to Issue an Executive Comp Rule?
“The rules never really got a full debate, so I don’t think it’s a bad thing that they have been killed, because I think the pendulum has swung too far,” said Alan Johnson, managing director of Johnson Associates, a compensation consulting firm. “But there will be some blowback on this.” American Banker / July 21,…
Read MoreThe Top U.S. Cities to Get a Financial Services Job Outside of New York
The fact is that financial services organisations are moving jobs to lower-cost destinations regardless of whether their personnel want to move – largely because they want to cut costs. For employees, this means taking a lower salary in a cheaper location. Alan Johnson, the founder of compensation consulting firm Johnson Associates, says that pay is…
Read MoreWhole Foods’ CEO Pay Discount Expires
Alan Johnson, an executive pay consultant who is no fan of excessive compensation plans, says $1 pay schemes for CEOs sound nice, but they rarely work for shareholders. They tend to have a chilling affect on what a company will pay for other top talent. “Was Whole Foods able to get the best talent possible…
Read MoreBanks Are Going to Use This New NYC “salary rule” to Make You a Crazily Low Offer
The new rule is intended to create a level playing for “bad negotiators” who’ve been paid less (women in particular) and who will in future be liberated from the shackles of their historic low pay. However, by encouraging banks to come in with incredibly low offers in an attempt to flush out pay levels, Johnson…
Read MoreOusted Ford CEO Mark Fields Is Being Paid a Lot of Money to Leave the Company
Ford’s board may have decided to leave out the cash base pay (which, prorated, would’ve been a little over $1 million) because unlike stock, a direct cash payment could make for poorer optics, said Alan Johnson of the executive compensation consulting firm Johnson Associates. Fortune / May 25, 2017 READ ARTICLE
Read MoreHere’s Where Banking Bonuses Are Set to Increase by 20%-plus This Year
After the first quarter, Wall Street compensation consulting firm Johnson Associates is projecting mixed incentive pay across financial services, with a generally more upbeat business environment and compensation outlook compared to recent years. There’s a long way to go until the end of the year, though, with political and regulatory uncertainty, rising interest rates and…
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