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Many private-equity firms are “a bit heavy on head count” after more than a decade of continual growth and hiring, said Chris Connors, a principal at Wall Street compensation consultant Johnson Associates. Now some firms are focused on “curtailing expenses and cost management,” in some cases by replacing senior with junior employees or not filling…

“As businesses have become more diversified and global, some of the non-revenue-generating roles at insurers and other large financial services companies have gotten significantly larger and you’re seeing this manifest in proxies,” said Chris Connors, a principal at compensation consulting firm Johnson Associates. These roles often include chief legal officer, chief technology officer, chief operating…

Bankers who underwrite debts may see payouts swell as much as 25% as deals pick up this year, according to a report Tuesday from compensation consultant Johnson Associates Inc. For bond traders and equity underwriters, incentives may rise 20%. “In general, employees in financial services should be pretty pleased: The amount of money they earn…

Bonuses are poised to recover on Wall Street this year, fueled by strong equity market gains and recovery in investment banking, according to financial services compensation firm Johnson Associates. Investment bankers helping companies issue debt are expected to have the highest raises in bonuses this year, from 15% to 25%, as companies sell record volumes…

Asset managers typically use non-competes when hiring certain C-suite executives, portfolio managers and other “high-end” roles, especially in technology and alternatives, said Alan Johnson, a managing partner at compensation consultancy Johnson Associates. It is also fairly common for top distribution, sales or product development leaders to have non-compete agreements, as reported. The ban may also…

Meanwhile, each Kansas City Chiefs player is slated for $338,000 in bonus pay… In the world of professional sports, six-figure sums are small potatoes. Super Bowl MVP Patrick Mahomes is working under a 10-year contract worth $450 million, according to Spotrac. “This is not even chump change for him,” said Alan Johnson, managing director at…

Bonuses dropped by as much as 25% for the year, according to compensation consultancy Johnson Associates. “After a terrible ‘22, people were hoping that things would be a lot better — but they weren’t,” Alan Johnson, CEO of Johnson Associates, tells The Finance Files. “Most people were pretty disappointed.” Johnson says that, for many bankers…

According to Alan Johnson, managing director at executive pay consulting firm Johnson Associates, boards in the financial services sector are struggling with how to set performance goals for certain equity compensation plans because the sector is heavily impacted by short-term turbulence. Additionally, it has become increasingly difficult to forecast how the market will behave over…

“As you look at the firm-by-firm data, each bank is starting from a different place,” said Chris Connors of Wall Street compensation consultant Johnson Associates… “With bonus pools generally down, the strongest performers take a relatively outsized portion,” said Connors. “As the banks await an M&A rebound, they want to retain their best performers. On…

This bonus season is shaping up to be another underwhelming one for bankers on Wall Street as lackluster deal activity pushes down the closely watched annual payouts. The bonuses that some bankers are getting are flat or down from what they received a year earlier, bank employees and recruiters said. Investment-banking bonuses have fallen as…