Wall Street CEO Pay Trails Bank Fortunes

The fortunes of large financial services companies have improved dramatically from the dark days of the recession, but paychecks for the leaders of those companies still aren’t what they used to be.  Compensation at broker-dealers and asset-management firms generally has increased along with the recovering financial markets during the past two years, but it remains substantially…

Industry Cautiously Optimistic on 2013 Pay: Poll

Many industry professionals are optimistic that their 2013 compensation will be higher than last year’s pay. That is according to the results of an Ignites poll that also found nearly 40% of participants predict they will earn about the same amount this year as last year. Roughly 36%, or 156 voters, expect their total 2013 pay…

Wall Street Bonuses, Staff Levels to Rise in 2013: Report

Wall Street bonuses and staff levels are expected to rise this year as trading and deal-making activity pick up, according to a closely watched report released on Friday by a compensation consulting firm.  Johnson Associates predicts that senior bank executives will receive bonus increases of 5 percent to 15 percent, with investment bankers getting the biggest…

Wal-Mart Ties Compliance With Executive Pay

Corporate governance experts believe Wal-Mart Stores’ recent decision to tie executive bonuses to compliance objectives could be a bellwether for how other large, multinational companies hold management accountable should their firms run afoul of certain regulations. The retail giant has undergone an overhaul of its compliance operations following a federal investigation into bribery allegations in…

Tying Pay to Compliance: Will Walmart’s Plan Work?

Lots of companies talk about making compliance and ethics a priority. Walmart is putting its money where its mouth is. The retail giant announced last month that it will soon begin basing a portion of compensation for top executives, including CEO Michael Duke, on the company’s ability to meet compliance goals. If top executives don’t…

For Media Moguls, Paydays That Stand Out

What’s the difference between a media mogul and a chief executive elsewhere in the business world? About $10 million in compensation, give or take.  Leaders in other industries may be well paid, but as the accompanying chart shows, they earn far less than their media counterparts. Consider: the top 20 companies in the United States ranked…

OCIO Boosts Value of Consultant Relations Pros

As investment consultants and managers launch outsourced CIO (OCIO) services to meet institutions’ demands, consultant relations professionals who woo consultants on behalf of managers have been left with a very different job description. Consultant relations professionals, who once had the sole objective of servicing investment consultants in the hopes of winning business from their institutional…

The Infinity Pool of Executive Pay

RELAX. Sit back. And forget, for a moment, those pesky shareholders and bothersome boards, the regulations, the investigations and all the other headaches of being a chief executive today. Dodd-Frank rules? Securities and Exchange Commission lawyers? Leave them behind. And let yourself sink into the buttery leather seat of your corporate jet as it soars…

Proposed Bonus Cap ‘to Hit Inst’l Managers’ Staff

A proposed European Union cap on managers’ bonuses is likely to hit U.S.-based staff at institutional asset managers, experts say, regardless of whether those managers have E.U. arms. Salaries at asset managers may be subject to greater scrutiny, with compensation deferred over longer periods and fiercer competition for jobs, as E.U. asset manager staff flee…