Tag:
Bonus
Latest Headlines
Latest Headlines
Credit Suisse to pay bonuses in structured notes
We hear a lot these days about the need to get more creative in terms of aligning the interests of employees and shareholders.That usually means stock options and restricted stock grants, which may or may not be truly aligning interests.
Credit Suisse has been among the banks most willing to t
Big job losses coming in New York
Since January 2008, the securities industry in New York has nixed 22,000 jobs. While the employment situation seemed to improve a bit last year, the woes of Wall Street this year are once again sinking the jobs count.
The New York state comptroller, which keeps a close eye on the industry's em
Wall Street slashes jobs, salaries and bonuses
The on-going round of layoff angst that has engulfed Wall Street seems cruel on several counts.
For one thing, this is very much the second dip of the industry's economic performance. It was just a few years ago that a nasty round of layoffs claimed many jobs. Things picked up for a while, all
Citigroup gives Pandit potentially lucrative retention package
The Citigroup ( NYSE: C ) board has awarded CEO Vikram Pandit a retention package that will pay off handsomely if he can get the bank turned around. The interesting part of the plan is the deferred stock award, valued at $10 million. The bonus vests in three parts through 2015. Nothing out of th
Jamie Dimon's 2010 pay is tops on Wall Street
Jamie Dimon can add another distinction to his long list: he's the highest paid bank executive on Wall Street. For a decent 2010, the JPMorgan Chase board gave him 251,415 units of restricted stock, half of which vest on January 13, 2013 and half a year later. The total value as of now is roughly
Constance Melrose discusses internal pressures on Wall Street pay
Bonus season has drawn to a close with a majority of execs seeing a boost in pay, but not as much of a boost as they may have hoped for. Now that Dodd-Frank requires say-on-pay votes at least every three years, the crusade to amend pay on Wall Street may be just heating up.
FierceFinance
Goldman Sachs rewards top execs with pay raises
Is life getting back to normal at the top Wall Street firms? Well, the good times are starting to roll again for some top executives, even after a tough 2010 that may not get much better in 2011. Goldman Sachs CEO Lloyd Blankfein was given a nice raise by the board, which approved an annual base s
Bank of America issues shares as bonuses to raise capital
Recall that when Bank of America (NYSE: BAC ) inked a deal with regulators to exit the TARP program, it agreed that it would sell assets to raise capital. Originally, it agreed to raise $4 billion, which was later reduced to $3 billion. In a recent filing the bank said that it must still raise
Citigroup executives paid heavily in stock for 2010
Citigroup CEO Vikram Pandit will soon start drawing a paycheck again. After two years of working for a $1 a year and no bonus, he will be paid a salary and bonus starting in 2011. Recall that he previously said he would not allow himself to be paid until he returned the bank to "sustained profitab
Morgan Stanley vs. Goldman Sachs on pay
Bloomberg offers some interesting metrics regarding the always interesting Goldman Sachs vs. Morgan Stanley battle. Morgan Stanley (NYSE: MS ) allocated nearly $8 billion to pay salaries and bonuses and other compensation in the first half of the year, up from $5.78 billion a year earlier.
