Bankers Will Still Get Their Billions Despite Clawbacks

By doubleup | February 10, 2012 |

UBS (UBS) on Tuesday became the first investment bank to announce a major “clawback” of bonuses after a rogue trading scandal at the Swiss bank last year led to deep losses. Given the intense regulatory and political pressure on banks to rein in hefty bonuses that encourage excessive risk taking — as well as what…

Goldman Sachs Compensation… for 2011 Falls 15% From Year Ago

By doubleup | January 18, 2012 |

NEW YORK (Dow Jones)–Goldman Sachs Group Inc. (GS) paid its employees an average of $367,057 for 2011, a decline of 15% from a year ago, reflecting the tough times experienced by banks and securities firms since last spring. The investment bank, known for rewarding its bankers and traders with the highest payouts among Wall Street…

The Invisible Hand Behind Bonuses on Wall Street

By Prasuna Tanchuk | January 16, 2012 |

When asked about his job at cocktail parties, Alan Johnson has a curiosity-piquing line.“You know those big paydays on Wall Street?” he says, typically waiting a beat to deliver the punch line. “I have something to do with them.” …as one of the nation’s foremost financial compensation specialists, Mr. Johnson is among a small group…