Tag:
Cash Bonus
Latest Headlines
Latest Headlines
Bank of America pays bonuses in stock
Bank of America has hit upon an interesting idea: In these tough times, why not pay a portion of cash bonuses in stock.
For bonuses above $100,000, cash bonuses to be paid immediately will in reality include only 25 percent in cash, with 75 percent in stock that vests immediately. Obviously, r
Morgan Stanley's CEO invests more in bank's stock
As the financial crisis heated up and bank stocks were in near free fall, we applauded the few insiders who stepped up the plate and put their money where their mouth was by spending their own cash to buy more shares.
Frankly, this speaks volumes. If you buy in substantial volumes, you can sen
A look at Credit Suisse and JPMorgan bonus plans
We are in the thick of the bonus season now and some interesting news is cropping up. Credit Suisse generated headlines for its new bonus payment method, which calls for cash bonuses to be paid over four years, notes MarketWatch .
The bonus amount is tied to the bank's return on equity thro
Morgan Stanley to hire lower producing brokers
The brokers who are in the most demand in the wealth management and brokerage industry are the big whales, who generate millions a year in revenues for their employers. There's a lot of recruitment activity going on for these guys by wirehouse-type firms as well as independent advisory firms. But
Ready for CEO bonus news
It's that time of the year. More banks will be disclosing fairly soon how much they will pay their CEOs. We're in for a wide range of bonus numbers.
Vikram Pandit, CEO of Citigroup ( C ), has already revealed that he will not get a bonus for 2009. Furthermore, he'll take a salary of just $1
Wells Fargo's grants reflect new era
Now that Wells Fargo ( WFC ) has paid back its TARP funds, it has a little more leeway when it comes to executive bonuses. It has announced it will pay chief executive officer, John Stumpf and three others grants worth about $25 million collectively. But, in a nod to the times, it will pay all o
Goldman Sachs to pay bonuses in stock
This seems to be a good move from several angles: Goldman Sachs ( GS ) has announced it will not pay its 30 top executives a cash bonus for 2009. Instead it will pay bonuses in stock that cannot be sold for five years. Which seems long. I would have guessed three years. This may not end the bonu
How the pay controversy is already affecting pay plans
A lot of hands are wringing right now over compensation policies at financial institutions, which have been facing fire from many directions.
Much of the angst at TARP companies has to do with pay czar Kenneth Feinberg, also known as the Treasury's special master for executive compensatio
A modest proposal on paying back TARP funds
Breakingviews offers an interesting partial solution to the conundrum TARP banks are now facing. Chafing at government oversight, many want to pay back the TARP funds as fast as they can. To that end, why not ask employees to invest their bonus money in a new capital raising venture? It wouldn
JP Morgan embraces stock bonuses
Cash is king on Wall Street these days. Unfortunately, if you're a top exec at a top bank, you've seen less of it in your annual pay package. The latest: JP Morgan Chase has decided to reduce the cash bonus portions of pay packages to just 25 percent. The portion awarded in restricted stock w
