BlackRock CEO Larry Fink Earns $25 Million in 2019

Across the industry, asset management professionals’ bonuses fell 3% in 2019, compared with 2018, according to compensation consulting firm Johnson Associates. It projects that asset management professionals will end 2020 with even more severe decreases in bonus packages at the end of this year. The Wall Street Journal / April 9, 2020 READ ARTICLE

Money Managers Attempt to Calm Layoff Fears Amid Downturn

But layoffs, “from moderate to severe,” will eventually occur at money management firms as a result of the market downturn and the “severe recession” that is expected to follow the pandemic, said Alan Johnson, managing director of New York-based compensation consultant Johnson Associates Inc. Despite this, he has advised money management clients to not panic…

Coronavirus Stress Hits Wall Street’s Bonus Pool: Expert

Wall Street bonuses will fall roughly 30% this year, with even the most productive employees facing a pinch, as big banks and investment managers try to preserve profits during the coronavirus recession, a leading compensation expert said on Wednesday. The predictions by Alan Johnson are closely watched by financial professionals, especially during times of stress.…

Despite Strong Year, Bonus Hike Not in the Cards

Managers are currently “loath to add in fixed costs, and I don’t see that changing,” said Alan Johnson, managing director of Johnson Associates Inc., New York. And given industry headwinds such as fee pressures, he doesn’t believe managers would try to make up for a dearth of big bonuses by increasing salaries or other entitlements…

Firms See Technology as Savior to Cut Costs, Offer Competitive Edge

As money managers continue to evolve to better integrate technology into their business, demand for professionals with this expertise also grows. And while firms are moving to lower-fee investment products and facing increased operational costs, the “best technologists and data analytics (professionals) continue to be expensive,” said Alan Johnson, managing director of Johnson Associates Inc.,…