bonus news from FierceFinance
News
Citigroup lays new plans for pay
Citigroup is aiming to stay competitive when it comes to hiring with new compensation plans that will boost salaries to offset expected smaller bonuses. The New York Times says salaries will rise by... Read more...
How big will Goldman Sachs' bonuses be?
The Guardian reports that at Goldman Sachs "staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year, sparking concern that the... Read more...
Another looming battle over big bonuses? Doubtful
Breakingviews.com notes that the return of the super-sized bonus is at hand. Some big banks are mending, and TARP funds are being paid back. So we'll likely see Wall Street firms revert to big... Read more...
Citi seeks permission on bonuses
Is this any way to run a business? Citigroup is seeking permission to pay bonuses in stock. According to Reuters, Citigroup executives "are describing these as retention bonuses, but the bank is... Read more...
One solution to the pay conundrum
Too bad AIG didn't think of this. Credit Suisse has raised eyebrows for its plan to pay out part of its bonuses in toxic assets. Typically, bankers at Credit Suisse get about half of their bonuses in... Read more...
Bonus debate grows more complex
While Congress has been whipped up by a public furor over the AIG bonuses, the White House is taking a less emotional track: It is wary of the cry for special taxes to take back the bonuses,... Read more...
High stakes in the bonus battle
The banking industry is fighting back in Washington, pressing its case that onerous bonus restrictions would be bad for the industry and the economy. But Congress remains in a "fever pitch,"... Read more...
The scoop on toxic asset plans to be announced
The rubber is meeting the road in the Obama Administration's efforts to end the financial crisis. According to the New York Times, the plans to be announced this week amount to a three-pronged action... Read more...
Bank dilemma: How to pay employees
Bank stock prices remain at historical lows, and TARP restrictions prevent them from buying back shares. That one-two punch has left Citigroup, Morgan Stanley and probably a host of others short on... Read more...
