Tag:
Executive Bonuses
Latest Headlines
Latest Headlines
Goldman Sachs execs big pay day stokes mild criticism
The top five executives at Goldman Sachs ( NYSE: GS ) fared well for their work in 2010. CEO Lloyd Blankfein's compensation package included $5.4 million in cash, $12.6 million in a restricted stock award, a $600,000 salary and $464,000 in other benefits. CFO David Viniar, President Gary Cohn, V
A look at Citigroup's incentives for top executives
If you're on the board of a big bank these days, you do not want to hand out huge compensation packages unless they are accompanied by appropriate incentives. At Citigroup, for example, under the Key Employee Profit Sharing Plan, top executives can earn more than $5 million if the bank hits variou
Wall Street bonuses rise for some, fall for others
You can feel the emotion over Wall Street bonuses building, with many people convinced they will get more this year, while others just aren't sure, especially if they work at a premier bank.
The bottom line is that bonuses are going to be hit or miss this time around. The key factors, of
Bonus season: How will banks adjust to tax hikes?
The year has gone by fast, and most employees on Wall Street unfortunately will be facing a less than fully funded holiday season. It's no secret that bonuses will be down. The trading environment has been awful, dragging down earnings. We'll get some more information on this as the third-quarter
Regulators say bank compensation problems still rife
The problem of executive pay--how to align it with performance and end what some might see as overly generous boards--has been discussed ad nauseum. But there are still signs that the industry has not really changed its mindset.
We've noted that pay czar Kenneth Feinberg ( Kenneth Feinberg
Feinberg to decide whether to ask for firms to clawback billions
Kenneth Feinberg ( Kenneth Feinberg news) has a big decision on his hands. He has been looking deeper into pay practices involving bonuses given out in 2008, reports FOX Business . And he has apparently decided there were some pay abuses that might need correcting--and that has the top banks
The U.K.'s war on banks
There are a lot of people chafing at the government's move to reform pay practices in the United States. But the measures by the British government so far have been much more draconian, and it's unclear how much more foreign banks will take.
The move to tax bonuses at 50 percent was a blow. Bu
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
John Mack does the right thing
John Mack, the outgoing CEO of Morgan Stanley ( MS ), will not accept a bonus for 2009, even though the board offered one. That's a good move, one for which he has earned some plaudits. But what choice did he have? At a time like this, when the firm will lose money for the year and when the spot
How much should Goldman Sachs pay its CEO
With so much attention being paid to CEO pay, it was inevitable that the spotlight would again turn to Lloyd Blankfein, CEO of Goldman Sachs ( GS ). The board has some tricky decisions at hand. And Breakingviews is happy to weigh in with some advice. It notes that if you apply the 0.6 percen
