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restricted stock
Latest Headlines
Latest Headlines
2011 a rotten year for bank stocks
The past year was miserable for bank executives, who watched their stocks plummet.
The biggest loser, as we've noted, was Bank of America. It fell 58 percent on the year. According to Bloomberg , the decline "erased almost $80 billion of shareholder value at Charlotte, North Carolina-based
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
Bank of America CEO gets big stock options grant
In first year on the job as CEO of troubled Bank of America, Brian Moynihan was paid handsomely. His base salary was $950,000 and will remain the same. But he got a restricted stock grant worth a whopping $9.05 million. So for the year, he made $10 million.
But the real story is the attempt by
Goldman Sachs names new partners
Goldman Sachs ( NYSE: GS ) has selected 110 executives to become partners, up from 94 in the last batch that was announced two years ago. Bloomberg offers a full list of the lucky ones .
When Goldman gave up its historic private partnership structure, the bank ma de sure
Golden days of CEO pay over?
Lloyd Blankfein, CEO of Goldman Sachs ( GS ), earned praise--relatively speaking--for taking a modest $9 million in restricted stock despite a banner year for the firm in 2009. One issue here is whether the boom in CEO pay has ended. Will Blankfein, even in a good year for the firm, be able to e
Goldman Sachs again shows the way on pay
A strange one-up battle had developed on Wall Street between JPMorgan ( JPM ) and Goldman Sachs ( GS ), a sort-of competition to see who could pay their CEO less . There was speculation that both were waiting for the other side to make their move. Turns out Goldman Sachs won--in that it is
Lewis walking away a rich man
Ken Lewis will walk away from Bank of America ( BAC ) with his reputation in tatters, but he will not suffer financially. The Los Angeles Times reports that he is owed a lump-sum pension benefit worth $53.2 million. He also is entitled to $10.6 million in deferred pay and can keep 305,000 sh
More stock to Wall Street employees?
The troops are no doubt restive at top Wall Street firms. It's tough to get any work done when the job axe is swinging. The Financial Times reports that Lehman Brothers has given shares to all remaining employees, representing about 20 percent of their projected equity compensation for the
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
