Press
Compliance Teams Can Make or Break a Mandate
An asset manager’s compliance staff does more than just say “no” to their colleagues, they help win mandates. ….Asset managers no longer want someone who just tells colleagues what isn’t allowed, but instead someone who can offer creative responses to problems and propose new ideas, says Alan Johnson, managing director of Johnson Associates. ….Compliance as…
Read MoreManagers’ Incentive Pay to Grow, Outpacing Banks
Strong investment performance and positive inflows will translate into more money in the pockets of asset management firm executives in 2014, new research has found…. “The increases in pay in the asset management business make it one of the most attractive parts of financial services,” says Alan Johnson, managing director of compensation consulting firm Johnson…
Read MoreAsset Managers Trump Banks for Analysts
Equity analysts at asset managers often enter the position for life, a decision that could be paying off with better compensation and work culture than their investment bank counterparts. Before the financial crisis, working on the sell-side of finance was known to be arduous but lucrative. Since then, industry changes have lowered the pay and…
Read More5 Reasons Why Media Executives Make Such An Insane Amount Of Money
Making it big in media means generating hits. And while top executives may not be hands-on with every decision, they are where the buck stops. Take Disney’s animated blockbuster “Frozen,” which grossed $1.2 billion at box offices worldwide. While Disney CEO Bob Iger didn’t make the movie, he did orchestrate Disney’s $7.4 billion acquisition of…
Read MoreFund Execs Could Reap Millions in Golden Parachutes
It is not unusual for a CEO to leave a firm with a golden parachute worth tens of millions of dollars….. But C-suite parachutes are not as golden as they were before the financial crisis, says Alan Johnson, managing director of the compensation consulting firm Johnson Associates. “The trend has been for a reduced severance…
Read MoreMorgan Stanley to Pay More Bonuses Right Away
….Morgan Stanley isn’t the only bank de-emphasizing delayed gratification for its bankers and traders. Deferred bonus pay has been on a slow decline since 2010, according to consulting firm Johnson Associates Inc. Earlier this year, Johnson Associates estimated about 36% of a $1 million bonus on Wall Street is deferred, compared with 45% in 2010.…
Read MoreRecession Era’s Deferred Bonuses Paying Off Big for Wall Streeters
From the ashes of the financial crisis emerged a big change in how Wall Streeters got paid. Out went the legendarily massive year-end cash bonuses. In came IOUs. “People were screaming bloody murder,” recalled Alan Johnson of compensation consultancy Johnson Associates. “They were yelling, ‘Pay me now!’ ” Crain’s New York Business / November 29,…
Read MoreBad News for Bankers: Bonuses Might Disappoint This Year
Wall Street’s bonuses—aka the ultimate measure of all that is important and worthy in finance—might be shrinking for many a banker this year. That’s the dismal news from Johnson Associates, a compensation consulting firm, which released its annual survey on the matter on Monday. Slate.com / November 10, 2014 READ ARTICLE
Read MoreEmployers Embracing Wage Hike
….Meanwhile, many retailers such as IKEA, Gap, Whole Goods and Costco aren’t standing idly by, waiting for Congress to take action. They’re already paying workers above the federal minimum wage, adds Alan Johnson, managing director at Johnson Associates, a New York-based consulting firm that specializes in compensation. Minimum-wage laws have also been passed in 22…
Read MoreMorgan Stanley Eyes Compensation Cuts for Financial Advisers: Sources
….Although Gorman’s wealth management target was the most aggressive cut to pay ratios in Morgan Stanley’s three business units, the 55 percent ratio is still much higher than the 40 percent or less he outlined for institutional securities and investment management. “Bank executives say, it’s a high-cost, high-aggravation business and why can’t we bring it…
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