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Wall Street Pay

The Average Cash Bonus On Wall Street Is Now More Than $164,000

Reuters | Posted 03.12.2014 | Business

NEW YORK (Reuters) - Wall Street's cash bonus pool rose 15 percent to $26.7 billion in 2013 as average cash bonuses hit the third highest on record at...

Wall Street Bonuses Are Getting Bigger Again

Reuters | Posted 01.23.2014 | Business

By Lauren Tara LaCapra NEW YORK, Nov 6 (Reuters) - Wall Street's biggest risk takers - its bond traders - will probably see their bonu...

This 1 Chart Makes Gordon Gekko Look Like An Average Joe

The Huffington Post | Maxwell Strachan | Posted 10.22.2013 | Business

Roughly a quarter of a century ago, Oliver Stone directed “Wall Street,” a movie about the greed and excess of a rapidly rising and increasingly p...

Mark Gongloff

Bankers Agree They Get Paid Way Too Much: Survey

HuffingtonPost.com | Mark Gongloff | Posted 06.06.2013 | Business

If you are like 99.999 percent of humans, then you make much, much less money than bankers. You are likely aware of, or even angry about, this. But yo...

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...

Blankfein Will Not Be Happy About This

Reuters | Lauren Tara LaCapra | Posted 05.13.2013 | Business

NEW YORK (Reuters) - Goldman Sachs Group Inc shareholders should vote against the Wall Street bank's executive compensation proposal because the boar...

Mark Gongloff

Hedge Fund Managers Make Billions For Doing Terrible Work: Data

HuffingtonPost.com | Mark Gongloff | Posted 04.15.2013 | Business

Many of us suck at our jobs. But only a few people can get exorbitantly wealthy doing so. These elites are called hedge fund managers. Several of t...

What Wall Streeters Are Willing To Do When You Cut Their Precious Bonuses

The Huffington Post | Harry Bradford | Posted 03.15.2013 | Business

News flash: Apparently some Wall Street workers are only in it for the money. In 2012, 41 percent of Wall Street workers admitted to being ready to...

Rich Bankers Often Feel Underpaid: Survey

Posted 03.11.2013 | Business

They might be getting paid more than the rest of us, but that doesn't mean they're complaining less. More than two-thirds of financial professiona...

Bank Pay UP Despite Cutback Efforts

Reuters | Posted 05.10.2013 | Business

* Total 2012 compensation up 10 bln euro across 35 banks * Two thirds of banks had higher per-person compensation * EU p...

Bankers In Europe Now Face The Strictest Pay Rules In The World

Reuters | Posted 04.30.2013 | Business

* One-of-a-kind ceiling on bonuses likely to affect London most * To cap bonus at 100% of salary, or 200% if shareholders agree ...

$20 BILLION IN BONUSES

AP | By MICHAEL VIRTANEN | Posted 04.28.2013 | Business

ALBANY, N.Y. (AP) — Wall Street cash bonuses for 2012 are expected to rise 8 percent to $20 billion, partly driven by deferred payments from previou...

Bad News For Bankers

Posted 02.25.2013 | Business

Wall Street bankers and traders used to a big fat bonus may have been surprised by their checks this year. Bonuses for “front-office” financia...

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...

SEC Probing Possible Insider Trading Ahead Of Heinz Deal

The Huffington Post | Jillian Berman | Posted 02.15.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Wall Street Gets Inventive With Bonuses

Fortune | Nin-Hai Tseng | Posted 02.07.2013 | Business

FORTUNE – As Wall Street bonus season comes into full swing, UBS AG is the latest bank doing things differently to reel in excessive pay. On Tuesday...

Bank CEO Takes Big Pay Cut

Reuters | Posted 01.24.2013 | Business

(Reuters) - Morgan Stanley Chief Executive Officer James Gorman received lower compensation for 2012 after profits declined but the bank showed progr...

Bank CEO: Wall St. 'Has Been Getting Well-Rewarded For Not Doing A Good Job'

The Huffington Post | Jillian Berman | Posted 01.23.2013 | Business

There’s at least one big bank CEO admitting, again and again, that Wall Street has a pay problem. In an interview with Bloomberg TV from the Swi...

Goldman CEO Gets 75 Percent Raise

Mark Gongloff | Posted 03.20.2013 | Business
Mark Gongloff

Angry about your paycheck shrinking this year because the payroll tax cut expired? Well, this should cheer you right up: Goldman Sachs's CEO got a 75 percent raise this year.

Wall Street Braces For Bonus Pain

Mark Gongloff | Posted 03.18.2013 | Business
Mark Gongloff

Hey, guys, it's Bonus Week on Wall Street! So why is everybody all sad and anxious?

If Wall Street Workers Love Money, They Want Romney To Win

Posted 11.06.2012 | Business

If money is important to people on Wall Street, and it is, then many in the finance industry will be hoping for a Mitt Romney victory come Tuesday nig...

Ex-Wall Street CEO: Yeah, We Get Paid Too Much

Mark Gongloff | Posted 12.17.2012 | Business
Mark Gongloff

If you're mad about Wall Street pay, take heart: At least one guy on Wall Street seems to get it. He's not going to give back any of his own pay or anything like that! That would be crazy. But at least somebody out there feels your pain.

JPMorgan Chase Cuts Banker Pay

Reuters | Posted 12.12.2012 | Business

* Pay falls at JPMorgan's investment bank in 3rd qtr * Dimon aims for lower end of compensation ratio range * Bank set a...

Even In Tough Times Most Wall St. Workers Are Probably Making More Than You

AP | MICHAEL GORMLEY | Posted 10.09.2012 | Business

ALBANY, N.Y. -- Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state an...

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...