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Wall Street Compensation

Wall Street Bonuses To Rise

Reuters | Posted 07.19.2013 | Business

NEW YORK, May 17 (Reuters) - Wall Street bonuses and staff levels are expected to rise this year as trading and dealmaking activity pick up, accordi...

CEO Of Bailed-Out Bank GIVES UP His Bonus

AP | DAVID McHUGH | Posted 04.17.2013 | Business

FRANKFURT, Germany — The head of Germany's Commerzbank says he's not asking for a bonus after a year of meager profits and no dividend for share...

Morgan Stanley CEO: Wall Street Pay 'Way Too High'

The Huffington Post | Harry Bradford | Posted 10.05.2012 | Business

Apparently even Wall Street executives think Wall Street bankers get paid too much. That's the opinion of financial industry veteran Morgan Stanley...

Goldman Workers Likely To Fall Out Of The One Percent

The Huffington Post | Harry Bradford | Posted 09.11.2012 | Business

It’s the end of the financial world as we know it. Yes, the typical Goldman Sachs employee may soon not be a member of the one percent. Average ...

Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too

The Huffington Post | Alexander Eichler | Posted 02.08.2012 | Business

Two major Wall Street firms say their executives will face the same repercussions for misconduct as everybody else at the company -- but it's not clea...

The Latest Bankers To Hear Bad Bonus News

The Huffington Post | Bonnie Kavoussi | Posted 03.27.2012 | Business

As Wall Street adjusts to a less profitable chapter in its history, bankers may be finally feeling the pain that many American workers have known for ...

Morgan Stanley CEO To Disgruntled Workers: 'If You're Really Unhappy, Just Leave'

Posted 03.27.2012 | Business

The CEO of one of the country's largest investment banks has some choice words for any employees upset about the prospect of a smaller paycheck this y...

Ex-Investment Bankers Sue Over Millions Of Dollars In Unpaid Bonuses

The Huffington Post | Jillian Berman | Posted 01.24.2012 | Business

Investment bankers are banding together to reportedly sue their former employer, claiming the bank owes them tens of millions of dollars in unpaid bon...

Alexander Eichler

Why Does Wall Street Make So Much Money?

HuffingtonPost.com | Alexander Eichler | Posted 01.21.2012 | Business

Payouts declined on Wall Street this year, as the major financial firms tried to steer through several quarters of lawsuits, layoffs, jittery markets,...

Pay For Goldman Sachs Employees Has Little To Do With Performance

The Huffington Post | Alexander Eichler | Posted 01.23.2012 | Business

Goldman Sachs isn't likely to garner much public favor when it announces its earnings this week, as forecasts predict that the bank will boost the sha...

While The Young Receive Pink Slips, Wall Street Execs Get Smaller Paychecks

The Huffington Post | Alexander Eichler | Posted 01.23.2012 | Business

Wall Street firms will be getting a more modest payday this year, though how long it lasts will be anyone's guess. Executive paychecks at big finan...

As Bonuses Roll In, Wall St. Workers May Be Forced To Adjust To New Normal

The Huffington Post | Jillian Berman | Posted 01.11.2012 | Business

On Wall Street, there's some feeling that things just aren't what they used to be. The industry that many allege played a fundamental role in the f...

Wall Street Employees Threaten To Quit If Bonuses Aren't Up To Snuff

The Huffington Post | Jillian Berman | Posted 01.09.2012 | Business

For some on Wall Street, a less-than-stellar bonus is simply too much to bear. Brokerage executives at one Wall Street firm, Jefferies Group, have...

Wall Street Pay On Track To Break Records Again

The Huffington Post | Jillian Berman | Posted 01.23.2012 | Business

While many Americans will be squeezing as much as they can out of falling incomes to provide gifts this holiday season, some on Wall Street may be get...

Wall St. Pay May Plunge To 2008 Levels

Posted 11.28.2011 | Business

The average Wall Street bonus will decline by 20 percent to 30 percent this year, according to a closely watched compensation report, as banks cut...

Wall Street Employees Getting Smaller Bonuses This Year: Survey

The Huffington Post | Alexander Eichler | Posted 01.08.2012 | Business

It's been an underwhelming year for Wall Street, and traders will likely see that reflected in their bonuses, according to a new report. With the ...

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 ...

Eat, Pray, Love and the Economic Crisis

Don McNay | Posted 05.25.2011 | Books
Don McNay

Liz Gilbert said of Italy, "In a world of disorder and disaster and fraud, only artistic excellence is incorruptible." I have pondered her insight for weeks. I keep asking myself the essential question. Is the US headed the way of Italy?

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...

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...

Executive Pay: SEC To Crack Down On How Companies Hide Compensation

Posted 05.25.2011 | Business

WASHINGTON (MARCY GORDON -- AP) -- Companies will have to reveal more information about how much they pay their top executives, under expanded require...

Bank Pay: FDIC Considers Tying Fees To Executive Compensation Levels

Posted 05.25.2011 | Business

WASHINGTON (MARCY GORDON -- AP) -- Federal banking regulators are considering a plan to link the insurance premiums U.S. banks must pay to the degree ...

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...

Morgan Stanley Pay Packages: Firm Reportedly Considering Revising How Top Execs Are Compensated

AP | Posted 05.25.2011 | Business

NEW YORK — Morgan Stanley is considering the way it compensates its top executives, looking to defer more pay and benchmark salaries against riv...

Dodd: Wall Street Compensation Is Outrageous

AP | Posted 05.25.2011 | Politics

WASHINGTON — Financial companies that were shored up by taxpayer money are now paying their employees big bucks in compensation and benefits. T...