Tag:
bank compensation
Latest Headlines
Latest Headlines
Goldman Sachs pays extraordinarily well in Europe
Financial News makes an interesting point about Goldman Sachs: It apparently pays its European staff extraordinarily well. Employees at Goldman Sachs International--a rough proxy to the U.K. and European business--earned on average more than twice as much as their peers at the rest of the firm
Banker pay rules still up for debate
Are the banker compensation battles over? It may seem that way. TARP restrictions have passed. The Fed has weighed in. The Treasury's czar on executive pay has moved on. Shareholders may still be looking to pick a few battles, but we'll have to wait and see. All in all, it doesn't loom as the big,
Goldman Sachs shows the way
Goldman Sachs ( GS ) thoroughly trashed analysts' expectations, posting earnings of $8.20 a share versus expectations of $5.20 a share. This gave the stock an early shot. Investment banking and trading were strong, but the big news was the company's willingness to cut back on how much it pays em
JPMorgan caves to pressure on bonuses
We suggested recently that people keep their eye on the compensation-to-revenue ratio at top banks for indications of whether bonuses are really coming down. At JPMorgan ( JPM ), the ratio indeed seems to be dipping. The bank has announced it has set aside 33 percent of its investment banking re
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
Grasso wins! Former NYSE chief can keep money
Dick Grasso's career seemed to be ending on a very sour note: the State of New York was making him something of a poster boy for his gargantuan pay over the years. In an ugly battle, then-New York Attorney General Eliot Spitzer went after Grasso for the $139.5 million he was paid. Along the way, t
What to make of Dick Fuld's pay?
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 the stock gains they've pocketed? I really pose this as a rhetorical question, but it is striking t
Did Blankfein earn his $74 million?
As part of its package on CEO pay in 2007, Forbes offers up a profile of Goldman Sachs CEO Lloyd Blankfein--the $74 million dollar man. The piece notes that after it became known that Goldman Sachs  paid him nearly $315,000 each working day in 2007, shareholders decided to put up a fight.
