Tag:
Paychecks
Latest Headlines
Latest Headlines
How far will John Paulson's hedge fund paycheck tumble?
So how far will John Paulson's paycheck tumble this year? Last year, some have estimated that the hedge fund kingpin personally made $5 billion, a nearly unfathomable amount, reflecting $1 billion in performance and management fees from his funds and the rests from his personal stake in those fund
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
JPMorgan sets aside more for compensation; others to follow?
How long will the stigma on big paychecks for bankers hold? That's unclear to many. But with the pay czar ( Kenneth Feinberg news) and new Fed rules in place, any big bonuses ( bank bonus news) may be a lot more palatable, as many will assume they have been vetted by outsiders.
JPMorgan
Goldman Sachs charity initiative coming
For help with its bonus conundrum, Goldman Sachs ( GS ) may be taking a cue from Bear Stearns. Recall that the firm was quite serious about charitable donations. Ace Greenberg and Jimmy Cayne required employees to give 4 percent of their paychecks to charity. They even checked IRS returns for co
A shift in regulatory use of Sarbanes-Oxley
Section 304 of the Sarbanes-Oxley act gives the SEC the ability to clawback money that executives "earned" during periods when their companies were misleading investors. It had never been invoked
How will Goldman Sachs retain top talent?
Goldman Sachs' move to require employees to stay for a full year or give up options and stock awards granted the year before has helped it lower its fourth-quarter costs, reports Bloomberg . But the real issue is what effect this will have on its tricky retention efforts. It's no secret that to
