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Wall Street Pay

Wall Street's Average Bonus Falls, But Still Sky-High

Posted 05.25.2011 | Business

NEW YORK -- Wall Street paid an average cash bonus of $128,530 in 2010, down 9 percent from the previous year, as financial reforms prompted a shift t...

Daley, Chief Of Staff, Earned $8.7 Million From JPMorgan Last Year

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Last year, the new White House chief of staff earned more than 180 times the pay of a typical American worker. William Daley, formerly JPMorgan Cha...

Wall Street Compensation Lawyer: 'I Have Friends Who Blame Me For The Crisis'

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Don't blame record levels of Wall Street pay for the financial crisis, one high-powered lawyer tells the Wall Street Journal. In an interview with ...

Wall Street Pay Jumps 5.7 Percent, Breaking Record

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Wall Street pay is rising, while income for normal Americans has stagnated. Even as the real economy limped, financial firms paid employees a reco...

Regulators Want To Take Back Billions From Failed Bank Execs

Posted 05.25.2011 | Business

WASHINGTON: U.S. banking regulators have authorized lawsuits against 109 bank officials so far as they seek to recover at least $2.5 billion in losses...

Morgan Stanley Reportedly Shrinking Bonuses This Year

Posted 05.25.2011 | Business

BANGALROE: Morgan Stanley is planning to pay out 10 to 25 percent less bonus this year to its employees, owing to volatile market conditions, the Wall...

WATCH: Wall Street Bonuses Skewered In Taiwanese Animation

The Huffington Post | William Alden | Posted 05.25.2011 | Business

For news presented as a bizarre video game-like montage, there's nothing quite like Taiwan's Next Media Animation. In a new video released Friday, the...

Wall Street Reform Bill Gives Regulators Power Over Pay -- Will They Use It?

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011 | Business

That largely overlooked provision of the law gives federal agencies expanded powers to write regulations dictating pay at financial firms. How they ch...

Wall Street Bonuses Expected To Rise This Year

abcnews.go.com | Jonathan Spicer | Posted 05.25.2011 | Business

Wall Street bonuses likely will rise this year, despite the regulatory cloud hanging over compensation, as the financial sector recovers from recessio...

Hurry-Up Bonuses

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Wall Street is reportedly one step ahead of the Obama administration's plan to scrap some of the Bush tax cuts on the nation's top earners. Banks are...

Hiring Is Booming On Wall Street -- And Guaranteed Bonuses Are Back

bloomberg.com | Michael J. Moore | Posted 05.25.2011 | Business

June 28 (Bloomberg) -- Leverage is back on Wall Street -- and this time it's the bankers who have it. Firms are adding jobs for the first time in t...

White House Pay Czar Expected To Blast 17 Banks For 'Ill-Advised' Payments To Execs

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Kenneth Feinberg, the Obama administration's "pay czar," is set to slam the leadership of 17 bailed-out banks and other financial institutions that pr...

From BP and Wall Street: Corporate Culture Impacts Performance

Penny Herscher | Posted 05.25.2011 | Business
Penny Herscher

Developing and growing humanistic companies will result in better financial performance and better shareholder value.

Citigroup Eyed By Financial Crisis Commission

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

But there is one small question, not so obvious, that has been crying out for an answer for years, and it has nothing to do with exoticisms like C.D.O...

It's Alive! (A Wall Street Bonus Tax, that is)

Ben Protess | Posted 05.25.2011 | Business
Ben Protess

Remember that Wall Street bonus tax that a couple Senate Democrats unsuccessfully floated this month? It's not dead yet. As we recently reported, the...

Shadow Elite: Wall Street Culture - They Still Don't Get It (Except Their Bonuses)

Linda Keenan | Posted 05.25.2011 | Business
Linda Keenan

The bankers may like to show they prize flexibility, but try telling them they should change bonus culture. On that score, they will not bend. But they needn't worry -- the Champagne will still flow; Washington isn't going after bonuses.

Pay Czar: Kenneth Feinberg You're worth less than you think

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In an interview with Kenneth Feinberg, the Obama administration's pay czar, The Hill leads with one highly intriguing anecdote. A Wall Street execut...

Wall Street Bonuses Up 17%, Pay Hits 'Unprecedented' Level, Says NY State Comptroller Thomas DiNapoli

Posted 05.25.2011 | Business

ALBANY, N.Y. (By Michael Gormley, Associated Press) - Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed o...

Biggest Paychecks In Finance 2009: SEE Who Was Paid The Most (PHOTOS)

Posted 05.25.2011 | Business

Who got the biggest pay package in finance this year? Chances are you've never heard of many of the top earners. In a year marked by high unemplo...

Barney Frank: SEC Should Make Banks Disclose Pay of Top Employees, Frank Says

bloomberg.com | Jesse Westbrook | Posted 05.25.2011 | Business

Feb. 2 (Bloomberg) -- U.S. Representative Barney Frank said regulators should force companies to disclose compensation for their best-paid employees, ...

Wall Street Pay: Banks Devise Ways To Skirt Compensation Cuts

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Don't shed a tear for seemingly cash-strapped Wall Street workers this year. This year's bonus season may, in fact, be surprisingly rewarding. Banks h...

Bank Pay: Worst Performing Firms Pay Out Biggest

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

A handful of big banks that are struggling in the postbailout world are, by some measures, the industry's most magnanimous employers. Roughly 90 cents...

Wall Street Banks Cut Pay Yielding To Political Pressure

bloomberg.com | Michael J. Moore | Posted 05.25.2011 | Business

Jan. 25 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank slashed their compensation in the fourth qu...

New York Banks Will Pay $64B ln Bonuses In 2010: Reuters

Reuters | Joan Gralla and Andrea Ricci | Posted 05.25.2011 | Business

NEW YORK, Jan 19 (Reuters) - New York's financial sector will pay an estimated $64.2 billion in bonuses this year, up from about $57 billion in 2009, ...

Pay Czar Set To Announce Next Wave Of Compensation Limits Today

nytimes.com | REUTERS | Posted 05.25.2011 | Business

NEW YORK/WASHINGTON (Reuters) - The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggl...