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At least he won't get a bonus. That's what a lot of former Lehman Brothers employees, no doubt, thought when the news broke that Richard Fuld, the controversial CEO of the bankrupt investment bank,... Read more...
We've noted as of late that the cachet of being a wirehouse broker has really faded. The credit crunch, and resulting turmoil in the industry, has prompted many wirehouse guys to ponder their... Read more...
Here's some grist for the political mills that are churning in high gear right now: Three of Wachovia's top executives have change-in-control agreements that could result in multi-million payouts if... Read more...
The Financial Times reports that Goldman Sachs and Morgan Stanley have postponed meetings planned for October that would have determined the bonus pools. Everyone expects that bonus pools will be... Read more...
The troops are no doubt restive at top Wall Street firms. It's tough to get any work done when the job axe is swinging. The Financial Times reports that Lehman... Read more...
People often point out that compensation boards want top executives to rake in the bucks as long as shareholders do. But what about when the stock tanks? Should they be required to give back some of... Read more...
When the Blackstone Group went public, it was commonly thought that Stephen Schwarzman would rake in about $2 billion or so. According to its just-filed annual report,... Read more...