BofA’s Paying Bonuses to Keep Top Talent? Shocking!


Print | No Comments | Share/Save

Published in The Wall Street Journal  Deal Journal Column June 18, 2009

So Bank of America is paying bonuses to lure new talent and retain the talent that is left.

Among the bankers to receive bonuses were Fares Noujaim and Harry McMahon, the New York Post reports. Noujaim, a former Bear banker who was recently named vice chairman of corporate and investment banking, is said to have received roughly $15 million over two years, according to the Post. Both were offered guarantees not to leave the company.

Link to full article.

Read Grahall’s Expert Perspective on this subject.

Post a Comment