Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too
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...
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 Huffington Post | Bonnie Kavoussi | Posted 03.27.2012
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 ...
Posted 03.27.2012
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...
The Huffington Post | Jillian Berman | Posted 01.24.2012
Investment bankers are banding together to reportedly sue their former employer, claiming the bank owes them tens of millions of dollars in unpaid bon...
HuffingtonPost.com | Alexander Eichler | Posted 01.21.2012
Payouts declined on Wall Street this year, as the major financial firms tried to steer through several quarters of lawsuits, layoffs, jittery markets,...
The Huffington Post | Alexander Eichler | Posted 01.23.2012
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...
The Huffington Post | Alexander Eichler | Posted 01.23.2012
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...
The Huffington Post | Jillian Berman | Posted 01.11.2012
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...
The Huffington Post | Jillian Berman | Posted 01.09.2012
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...
The Huffington Post | Jillian Berman | Posted 01.23.2012
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...
Posted 11.28.2011
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...
The Huffington Post | Alexander Eichler | Posted 01.08.2012
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 ...
The Huffington Post | Ryan McCarthy | Posted 05.25.2011
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 ...
Don McNay | Posted 05.25.2011
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?
Posted 05.25.2011
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...
nytimes.com | ERIC DASH | Posted 05.25.2011
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...
AP | Posted 05.25.2011
NEW YORK — Morgan Stanley is considering the way it compensates its top executives, looking to defer more pay and benchmark salaries against riv...
AP | Posted 05.25.2011
WASHINGTON — Financial companies that were shored up by taxpayer money are now paying their employees big bucks in compensation and benefits. T...
Posted 05.25.2011
WASHINGTON (MARCY GORDON -- AP) -- Companies will have to reveal more information about how much they pay their top executives, under expanded require...
Posted 05.25.2011
WASHINGTON (MARCY GORDON -- AP) -- Federal banking regulators are considering a plan to link the insurance premiums U.S. banks must pay to the degree ...
nytimes.com | REUTERS | Posted 05.25.2011
NEW YORK/WASHINGTON (Reuters) - The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggl...
Posted 05.25.2011
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...
Jill Schlesinger | Posted 05.25.2011
The wonder boys and girls of Wall Street have the attention span of a flea, and that may be selling fleas short!
Washington Post | Tomoeh Murakami Tse | Posted 05.25.2011
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...
Yahoo! Finance | Kim Dixon | Posted 05.25.2011
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...
The Huffington Post | Alexander Eichler | Posted 02.08.2012