Most Popular Stories
Events
- ABA Risk Management Forum
May 2 - 4, 2012 — Loews New Orleans, New Orleans, LA - ABA Wealth Management and Trust Conference
March 14 - 16, 2012 — Westin Kierland, Scottsdale, AZ - Investment Consultants Forum
March 2, 2012 — The Crowne Plaza Times Square, New York, NY - ABA Risk Management Forum
May 2 - 4, 2012 — Loews New Orleans, New Orleans, LA
Sponsored Links
FEATURES >> Highest Paid Bank CEOs | Top 10 Financial Failures of 2011
TOPICS >> MF Global | Occupy Wall Street | Dodd-Frank | Top Banks: GS C BAC JPM WFC MS
Latest News
Free Newsletter
FierceFinance is the financial services daily monitor, with news covering the banking industry, asset management, capital markets and SEC regulations. Sign up today!
Era of big exec pay over already?
Even as executive pay emerges as an issue in the bailout plan haggling in Washington, some are speculating that the era of big pay has ended on Wall Street. Independent investment banks are dead. The commercial banking model has won out. And that carries lower pay and lower bonuses. Last year, Goldman Sachs spent a record $12.1 billion on bonuses for roughly 30,500 employees, which works out to an average nearing $400,000 per person. By contrast, Citigroup reportedly spent $11 billion for its 100,000 investment banking employees, or a little over $100,000 per person, the New York Post reports. Lower bonuses, of course, would reflect less business and lower profits. It will be interesting see what happens when the good times return. But that's far in the future.
For more:
- here's the article
Related Articles:
Lots of tinkering with the bonus models on Wall Street
Citigroup bonuses: A PR problem?
Related Stories
- Upcoming earning to be like Citi or JPMorgan
- Earnings season may bring upside surprises
- Goldman Sachs bets on cloud computing
- Break up Goldman Sachs, a provocative idea
- Wall Street's banner year in revenues
- Goldman Sachs' hedges on AIG exposure debated
- What to make of Bank of America's earnings?
- Top banks pare back in Windy City
- Wow! Goldman CEO sought merger with Citigroup
- Credit crunch to lead to more outsourcing
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site Map
| EditorsTHE FIERCEMARKETS NETWORKFierceEnergy | FierceSmartGrid | FierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceHealthPayer | FiercePracticeManagement | FierceEMR | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceGovernment | FierceHomelandSecurity | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceMedicalDevices | FierceDrugDelivery | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceEnterpriseCommunications | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe | FierceCable© 2011 FierceMarkets. All rights reserved. |
![]() |



