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Wall Street Pay

7 Things Wall Street Can Be Thankful For This Year (PHOTOS, POLL)

Posted 11.26.2009 | Business

Read More: 7 Things Wall Street Can Be Thankful For, Thanksgiving, Too Big to Fail, Slidepoll, Fannie Mae, Federal Reserve, Var, Goldman Sachs, Freddie Mac, Wall Street, Banks, Financial Crisis, Bonuses, Wall Street Pay, Business News

A little more than one year after the financial crisis brought the economy to a standstill -- threatening nearly every firm on Wall Street -- one thin...

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Bill Gates: Wall Street Pay Is "Often Too High"

Reuters | Michelle Nichols | Posted 11.12.2009 | Business

Read More: Wall Street, Financial Bailout, Bill Gates, Wall Street Pay, Fiscal Policy, Wall-Street-Bonuses, Business News

Bill Gates said on Wednesday he believes Wall Street pay is "often too high" and that U.S. government ownership of American International Group Inc wo...

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Wall Street Bonuses At Big Three Banks May Be Up 60% From Last Year

bloomberg.com | Michael J. Moore and Ian Katz | Posted 11.10.2009 | Business

Read More: JPMorgan Chase, Goldman Sachs, CEO Pay, Morgan Stanley, Bailout, Financial Reform, Banks, Big Three Banks, Bank Bonuses, Wall Street Pay, Wall Street Bonuses, Business News

Nov. 9 (Bloomberg) -- Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.'s investment bank, survivors of the worst financial crisis sin...

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Pay Czar's Reforms May Not Restrict Wall Street Pay, Overall Pay Likely WON'T Fall

bloomberg.com | Ian Katz | Posted 11.06.2009 | Business

Read More: Goldman Sachs, Wall Street, Financial Reform, Banks, Aig, Financial Crisis, Pay Czar, Wall Street Pay, Kenneth Feinberg, Wall Street Bonuses, Pay Reform, Citigroup, Business News

Corporate governance and compensation experts say new rules will mostly help eliminate plans like those that tied bonuses to the number of subprime mo...

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John Varley Defends Bonuses: Profits Are "Not Satanic" Barclays CEO Tells London Church Crowd

Posted 11.04.2009 | Business

Read More: Lloyd Blankfein, Income Gap, Executive Pay, City Bonuses, Income Inequality, John Varley, London, Barclays, New York City, Goldman Sachs, Religion, Brian Griffiths, Christianity, Ceo, City Pay, Wall Street Bonuses, Wall Street Pay, Robert Shiller, Business News

The CEO of Britian's second-largest bank became the second of that nation's banking figures to make the case for profits in the house of god, defendin...

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Daniel Gross: Why Wall Street Bonuses Will Continue to Exceed Profits

Slate Magazine | Daniel Gross | Posted 10.23.2009 | Business

Read More: Tarp, Goldman Sachs, Elizabeth Warren, Morgan Stanley, Bailout, Economy, Financial Crisis, Daniel Gross, Kenneth Feinberg, Wall Street Bonuses, Wall Street Pay, Business News

This year, compensation will again eat up something close to a majority of Wall Street's revenues. And while Goldman and Morgan Stanley have paid back...

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Pay Restrictions May Not Fix Underlying Risk-Taking

Washington Post | Steven Pearlstein | Posted 10.22.2009 | Business

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

With financial markets booming even as Main Street is still largely mired in recession, policymakers in Washington on Thursday were scrambling to cont...

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Bank Pay: Fed Proposes Guidelines On Compensation For The First Time

AP | JEANNINE AVERSA | Posted 10.22.2009 | Business

Read More: Executive Compensation, CEO Pay, Wall Street Pay, Federal Reserve, Banks, Ben Bernanke, Bank Pay, Business News

WASHINGTON — The Federal Reserve would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those t...

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Wall Street Bonuses Vs. Normal Wages: A Disturbing Trend (CHART, VIDEO)

Huffington Post | Marcus Baram | Posted 10.21.2009 | Business

Read More: Chart, Income Inequality, Emmanuel Saez, Compensation, Wall Street Pay, Wall Street Bonuses, Bank Bonuses, Tolerate the Inequality, Brian Griffiths, Business News

It may be hard to believe but there was a time, almost 25 years ago, when Wall Street and Main Street weren't so far apart -- at least when it came to...

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Wall Street Compensation Is Outrageous: Dodd

AP | Posted 10.18.2009 | Politics

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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Wall Street Pay To Hit Record, Up 20 Percent Over '08: WSJ

AARON LUCCHETTI and STEPHEN GROCER | Posted 10.14.2009 | Business

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

Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year -- a record high that shows compensation is rebo...

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Pay Czar Kenneth Feinberg Plans To Cut Salaries, Increase Stock Compensation

wsj.com | By DEBORAH SOLOMON | Posted 10.06.2009 | Business

Read More: CEO Pay, Bailout, Economy, Financial Crisis, Obama Administration, Pay Czar, Wall Street Pay, Kenneth Feinberg, Executive Compensation, Business News

WASHINGTON -- The Obama administration's pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting...

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G-20: Regulations For Bankers' Pay Planned

bloomberg.com | Simon Kennedy and Gonzalo Vina | Posted 11.25.2009 | Business

Read More: G20 Summit, Economic Policy, Financial Crisis, Timothy Geithner, g20, Wall Street Pay, Barack Obama, Business News

World leaders are poised to crack down on banker pay and better coordinate economic policies as they seek to temper the excesses that helped trigger t...

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Goldman Sachs Bonuses: $16 Billion Pay Pool Leads To "Damage Control"

nypost.com | Mark DeCambre | Posted 11.24.2009 | Business

Read More: Lloyd Blankfein, Goldman Sachs, Banks, Goldman Sachs Bonuses, Wall Street Pay, Business News

Goldman's bonus pool is expected to swell to an estimated $16 billion after what's expected to be another stellar quarter, and Blankfein is struggling...

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Fed Planning Sweeping Curbs On Bankers' Pay

Wall Street Journal | DAMIAN PALETTA and JON HILSENRATH | Posted 11.17.2009 | Business

Read More: Pay, Wall Street, Pay Curbs, Executive Pay Curbs, Banks, Federal Reserve, Bankers, Wall Street Pay, Executive Pay, Business News

Policies that set the pay for tens of thousands of bank employees nationwide would require approval from the Federal Reserve as part of a far-reaching...

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Little Change On Wall St. A Year After Lehman Collapse

New York Times | Alex Berenson | Posted 11.11.2009 | Business

Read More: Financial Industry, Wall St, Wall Street, Finance, Economy, Meltdown, Wall Street Meltdown, Financial Crisis, Wall Street Pay, Business News

One year after the collapse of Lehman Brothers, the surprise is not how much has changed in the financial industry, but how little....

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Goldman CEO Says Pay Backlash Is 'Appropriate'

AP | DANIEL WAGNER | Posted 11.09.2009 | Business

Read More: Lloyd Blankfein, Goldman Sachs, CEO Pay, Executive Pay, Banker Bonuses, Wall Street Pay, Bank Pay, Clawback, Business News

WASHINGTON — After years spent raking in millions as a top executive of Goldman Sachs Group Inc., Lloyd Blankfein said Wednesday that outsized b...

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Obama's Pay Czar Leaning Against Naming Names

Reuters | Steve Eder and Karey Wutkowski | Posted 09.24.2009 | Business

Read More: Pay Czar, Wall Street Bonuses, Wall Street Pay, Kenneth Feinberg, Business News

NEW YORK/WASHINGTON (Reuters) - Wall Street salaries have become everybody's business lately, but the Obama administration's pay czar may try to keep ...

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Goldman Sachs Execs Blame Anti-Semitism For Backlash: Charlie Gasparino

The Daily Beast | Charlie Gasparino | Posted 09.21.2009 | Business

Read More: Anti-Semitism, Goldman Sachs, Goldman Sachs Bonuses, Charlie Gasparino, Banks, Wall Street Pay, Business News

People inside Goldman tell me that some senior executives say they believe the onslaught of negative stories detailing Goldman's manifold ties to upp...

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Wall Street Pay Restrictions: The Financial Times On Why We Need Them

ft.com | Lucian Bebchuk | Posted 09.03.2009 | Business

Read More: Say on Pay, Lucian Bebchuck, Wall Street Pay, Finanical Regulation, Wall Street Bonuses, Bank Pay, Business News

A bill requiring federal regulators to draw up rules for compensation structures in the financial sector was passed by the US House of Representatives...

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House Votes To Restrict Wall Street Pay

AP | ANNE FLAHERTY | Posted 08.31.2009 | Business

Read More: Wall Street Pay, House Wall Street Pay, House Vote Executive Pay, Executive Pay, House Vote Wall Street Pay, Business News

WASHINGTON — Bowing to populist anger, the House voted Friday to prohibit pay and bonus packages that encourage bankers and traders to take risk...

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Cuomo Details Bonuses From Bailed-Out Banks

AP | Stephen Bernard, AP Business Writer | Posted 08.30.2009 | Business

Read More: Bank of America, JPMorgan Chase, Citigroup, Andrew Cuomo, Bailout, Bank Bouses, Wall Street Pay, Tarp, Bank Pay, Business News

NEW YORK (AP) -- Citigroup Inc., one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York...

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Big Bonuses Are Back On Wall St. (VIDEO)

Posted 08.28.2009 | Business

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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Pay Czar To Begin Reviewing Pay At 7 Bailed-Out Firms

New York Post | Posted 08.27.2009 | Business

Read More: Gmac, Gm, Bank of America, Chrysler Financial, Kenneth Feinberg, Wall Street Pay, Aig, Pay Czar, Pay Restrictions, Citigroup, Business News

Six weeks into his tenure as President Obama's compensation czar, Kenneth Feinberg has his sights set on pay packages he thinks are too rich for compa...

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Bailed-Out Banks Raising Pay For Execs

Washington Post | Tomoeh Murakami Tse | Posted 08.22.2009 | Business

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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