Press
Banks 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…
Read MoreWhat’s Pulling Compensation Levels Down?
Pressure on asset management profit margins is driving these pay cuts, the firm notes. “The reality is that compensation is not likely to recover to recent market highs and might even fall further in coming years,” says Johnson Associates managing director Francine McKenzie. FinancialPlanning / April 25, 2017 READ ARTICLE
Read MoreHR Lessons from Bill O’Reilly’s $25 Million Severance Deal
The reason why scandal-plagued companies are willing to pay millions in severance to allegedly bad actors is because they believe it’s the best way to put a crisis behind them and move on, explained Alan Johnson, managing director at Johnson Associates, an executive pay consultancy in New York City. Society For Human Resource Management (SHRM)…
Read MoreMajority of Public Firms’ CEOs See 2016 Pay Drop
CEO pay cuts at money management firms are following an overall trend for banks that began after the financial crisis as the highly paid top executives of the nation’s largest banks saw compensation drops, Mr. Johnson said. Pensions & Investments / April 17, 2017 READ ARTICLE
Read MoreIs a CEO Worth $200 Million? Shareholders at Rail Giant Think So
“It’s someone saying: ‘I can add billions of dollars in value, and for that I want to be paid extremely well,’” said Alan Johnson, managing director of executive compensation consulting firm Johnson Associates Inc. “You don’t see this very often at all. Just like a sports figure, if CEOs believe they’re worth something there’s no…
Read MoreOch-Ziff’s 10-Year Deal Sets New Bar for Staff Retention
Levin’s large pay package comes as compensation has dropped in the hedge fund industry and firms narrow in on paying for performance, says Alan Johnson, managing director of compensation consultancy Johnson Associates. “Pay has come down meaningfully. People are differentiating better,” he says. “People who perform continue to stay where they are.” FundFire / February…
Read MoreBoards Cut Discretion From Comp Plans to Soothe Investors
According to Alan Johnson, managing director and founder of compensation consulting boutique Johnson Associates, some boards have moved to reduce discretion in bonus plans in order to appease investors and proxy advisors. “There’s this tension in the marketplace. A lot of it’s driven by ISS and Glass Lewis,” he says. “They hate discretion.” Agenda / February…
Read MoreStarbucks Is Paying Howard Schultz An Enormous Amount of Money to Stop Being CEO
Still, even if Schultz keeps showing up at the office every day, abdicating the CEO role frees him from some of the pressure of answering to shareholders’ concerns—especially after Starbucks stock fell 7.5% last year. And while Schultz probably has enough pull with the Starbucks board to keep his full pay, and then some, the…
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