Wall Street Compensation

Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too

The Huffington Post | Alexander Eichler | Posted 02.08.2012

Read More: Fabrice Tourre, Fdic, Banker Pay, Financial Risk, Clawbacks, Junior Bankers, Big Banks, Wall Street Compensation, JPMorgan Chase, Goldman Sachs, Video, Morgan Stanley, Wall Street, Federal Deposit Insurance Corp, Financial Crisis, Wall Street Pay, Financial Regulation, Bank Clawbacks, Risk, Business News

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...

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The Latest Bankers To Hear Bad Bonus News

The Huffington Post | Bonnie Kavoussi | Posted 03.27.2012

Read More: Merrill Lynch, Bank of America Merrill Lynch, Video, Credit Suisse, Wall Street, Bank Compensation, Bank of America, Banks, Bonuses, Wall Street Pay, Wall Street Bonuses, Bank Bonuses, Wall Street Compensation, Business News

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 ...

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

Posted 03.27.2012

Read More: Video, Bank-Compensation, Big Bank Pay, James Gorman Morgan Stanley Ceo, Business News, James Gorman, Wall Street Pay, Bank Bonuses, Wall Street Compensation, Business News

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...

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

The Huffington Post | Jillian Berman | Posted 01.24.2012

Read More: Dresdner-Kleinwort, Video, Commerzbank, Business News, Dresdner Kleinwort Bankers Bonuses, Wall Street Pay, Wall Street Bonuses, Bank Bonuses, Wall Street Compensation, Business News

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

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Alexander Eichler

Why Does Wall Street Make So Much Money?

HuffingtonPost.com | Alexander Eichler | Posted 01.21.2012

Read More: U.S. Economy, Bill Clinton, Wall Street Tax, Financial Industry, Wall Street Bailout, Ronald Reagan, Financial Services, Financial Sector, Income Inequality, Wells Fargo, George W. Bush, Big Banks, Barack Obama, Wall Street Compensation, JPMorgan Chase, Goldman Sachs, Wall Street, Occupy Wall Street, Financial Crisis, Wall Street Bonuses, Wall Street Pay, Michael Mayo, Glass-Steagall, Video, Business News

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

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Pay For Goldman Sachs Employees Has Little To Do With Performance

The Huffington Post | Alexander Eichler | Posted 01.23.2012

Read More: Earnings Season, Wells Fargo, Bank of America, Bank Earnings, Big Banks, Bank Bonuses, Wall Street Compensation, Goldman Sachs, JPMorgan Chase, Earnings Report, Video, Morgan Stanley, Goldman Sachs Bonuses, Wall Street, Occupy Wall Street, Wall Street Pay, Wall Street Bonuses, Wall Street Earnings, Citigroup, Business News

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...

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

The Huffington Post | Alexander Eichler | Posted 01.23.2012

Read More: CEO Pay, Financial Sector, Big Banks, Wall Street Compensation, Goldman Sachs, Video, Morgan Stanley, Wall Street, Occupy Wall Street, Banks, Financial Crisis, Wall Street Salaries, Wall Street Earnings, Wall Street Pay, Wall Street Bonuses, Executive Compensation, Business News

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...

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

The Huffington Post | Jillian Berman | Posted 01.11.2012

Read More: Video, Wall Street Workers, Banker Pay, Business News, Banker Bonuses, Wall Street Bonuses, Wall Street Pay, Wall Street Compensation, Banker Compensation, Business News

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...

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

The Huffington Post | Jillian Berman | Posted 01.09.2012

Read More: Video, Wall Street Bonuses 2011, Business News, Bankers Bonuses, Bankers, Wall Street Pay, Wall Street Bonuses, Wall Street Compensation, Wall Street Bonus, Business News

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...

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Wall Street Pay On Track To Break Records Again

The Huffington Post | Jillian Berman | Posted 01.23.2012

Read More: Goldman Sachs, Video, Wall Street Pay 2011, Wall Street, Wall Street News, Business News, Bank of America, Banker Bonuses, Public-Accountability-Initiative, Wall Street Pay, Wall Street Compensation, Bankers' Pay, Business News

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...

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Wall St. Pay May Plunge To 2008 Levels

Posted 11.28.2011

Read More: 2008 Financial Crisis, Video, Wall Street, Wall Street News, Bank-News, Business News, The Great Recession, Wall Street Pay, Wall Street Bonuses, Wall Street Compensation, Business News

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...

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Wall Street Employees Getting Smaller Bonuses This Year: Survey

The Huffington Post | Alexander Eichler | Posted 01.08.2012

Read More: Financial Industry, Bank Layoffs, Wages, George W. Bush, Banking Industry, Big Banks, Bank Bonuses, Barack Obama, Wall Street Compensation, Video, Wall Street Layoffs, Wall Street, Occupy Wall Street, Banks, Banker Bonuses, Bonuses, Wall Street Bonuses, Business News

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 ...

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

The Huffington Post | Ryan McCarthy | Posted 05.25.2011

Read More: Banks, Fdic, Wall Street Pay, Wall Street Bonuses, Steve Eckhaus, Executive Compensation, Wall Street Compensation, Business News

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 ...

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Eat, Pray, Love and the Economic Crisis

Don McNay | Posted 05.25.2011

Read More: Small Business, Kentucky Guardianship Administrators, Civil Rights Act, Eat Pray Love, Dr. Lawrence Summers, Lobbyists, Retirement Plans, Fox Business News, Main Street, donmcnay.com, The Fed, Student Loan Debt, Lawrence Summers, That's Amore, Harvard, Goldman Sachs, Dean Martin, Move Your Money, Opinion Polls, Timothy Geithner, Debt Free U, Bought and Paid For, American College, Wall Street Bonuses, Lottery Winners, McNay Settlement Group, Msfs, Italy, Zac Bissonnette, Life Insurance Companies, Pizza, Richmond Kentucky, Chfc, Books, Elizabeth Gilbert, Charlie Gasperino, Kentucky, Third World Nation, Don McNay, www.mcnay.com, Student Loans, Wall Street Compensation, Clu, 24 Hour News Cycle, Charles Gasperino, The Italians, Wall Street, Wealth Withouth Wall Street, Vanderbilt University, Million Dollar Round Table, Son of a Son of a Gambler, Eastern Kentucky University, Public Financing of Elections, Eat Pray Love Movie, Ben Bernanke, Personal Finance, Luigi Barzini, Fox News, Arianna Huffington, Cssc, Books News
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?

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

Posted 05.25.2011

Read More: CEO Pay, New York State Comptroller, Bailout, Thomas DiNapoli, Banks, Wall Street Bonuses, Wall Street Pay, Bank Pay, Wall Street Compensation, Business News

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...

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Bank Pay: Worst Performing Firms Pay Out Biggest

nytimes.com | ERIC DASH | Posted 05.25.2011

Read More: JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Wall Street Bonuses, Wall Street Pay, Bank Pay, Wall Street Compensation, Citigroup, Business News

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...

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

AP | Posted 05.25.2011

Read More: Morgan Stanley, Morgan Stanley Bonuses, Morgan Stanley Jobs, Wall Street Bonuses, Bonuses, Bank Bonuses, Wall Street Compensation, Deferred Stock, Stock Options, Incentive Compensation, Business News

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

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Dodd: Wall Street Compensation Is Outrageous

AP | Posted 05.25.2011

Read More: Dodd Wall Street Compensation, Goldman Sachs, Wall Street Pay, Chris Dodd, Wall Street, Wall Street Compensation, Goldman Sachs Bonuses, Politics News

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

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

Posted 05.25.2011

Read More: Federal Reserve, Executive Pay, Securities and Exchange Commission, Executive Compensation, Wall Street Compensation, Business News

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

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Bank Pay: FDIC Considers Tying Fees To Executive Compensation Levels

Posted 05.25.2011

Read More: Fdic, Federal Reserve, Federal Deposit Insurance Corp, Sheila Bair, FDIC Chairman Sheila Bair, Wall Street Compensation, Fiscal Policy, Business News

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

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Pay Czar Set To Announce Next Wave Of Compensation Limits Today

nytimes.com | REUTERS | Posted 05.25.2011

Read More: Citigroup, Gmac, Chrysler, Aig, Wall Street Compensation, Bailout, Bank of America, Pay Czar, Kenneth Feinberg, Wall Street Pay, Tarp, Business News

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

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Big Bonuses Are Back On Wall St. (VIDEO)

Posted 05.25.2011

Read More: Citigroup, Morgan Stanley, Andrew Hall, Bailout, Wall Street Pay, Recession, Wall Street Compensation, Business News

He owns a 1,000-year-old castle. He's could get a $100 million bonus this year. And, believe it or not, he works for a bank that's 33 percent owned by...

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Wall Street: Lessons Not Learned

Jill Schlesinger | Posted 05.25.2011

Read More: Wall Street Crisis, Wall Street Bonuses, Morgan Stanley, Financial Crisis, Wall Street Recovery, Goldman Sachs, Reform Wall Street, Wall Street Compensation, Financial Reform, Business News
Jill Schlesinger

The wonder boys and girls of Wall Street have the attention span of a flea, and that may be selling fleas short!

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Bailed-Out Banks Raising Pay For Execs

Washington Post | Tomoeh Murakami Tse | Posted 05.25.2011

Read More: Executive Pay, Wall Street, Bailout, Bailout Banks, Executive Compensation, Wall Street Pay, Wall Street Compensation, Business News

NEW YORK, July 22 -- Wall Street's biggest banks are setting aside billions of dollars more to pay their executives and other employees just months af...

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More CEO Pay Hikes Than Cuts In '08

Yahoo! Finance | Kim Dixon | Posted 05.25.2011

Read More: CEO Pay, CEO Compensation, Bonus Outrage, Wall Street Compensation, Compensation Wall Street, Business News

WASHINGTON (Reuters) - More U.S. chief executives got pay raises than had their pay cut in 2008, a year when billions in taxpayer dollars went to prop...

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