Published in Bloomberg September 25, 2009 by Christine Harper
Goldman Sachs Group Inc. may pay employees more this year because of the firm’s “phenomenal” results, though a larger portion will come in restricted stock to help align compensation to long-term profit, according to Citigroup Inc. analysts.
Published in Bloomberg September 24, 2009 by Peter Eichenbaum
American Express Co., the credit- card issuer that repaid the U.S. bank bailout program, plans to reverse compensation cuts imposed seven months ago because the economic outlook has improved.
Published in The Wall Street Journal September 18, 2009
Wall Street has a conveniently short memory. Already, bankers and their backers are stewing over a proposal under which the Federal Reserve would micromanage compensation practices for financial types. “We’re all for more intelligent Wall Street compensation policies. But these should come from Wall Street, not Washington,’’ writes Henry Blodget, a former Wall Street analyst in his Clusterstock blog this morning.
Published in The Wall Street Journal September 18, 2009 by Lisa Bannon
Gordon Jones, who spent 26 years on Wall Street selling stocks and convertible securities, updated an education degree and now teaches math at Greenwich High School in Connecticut. ‘I’ve been completely energized,’ the 54-year-old says. ‘I’m having the time of my life with these kids.’
Published in The Wall Street Journal September 18, 2009 by Aaron Lucchette and Scott Thurm
The Federal Reserve’s move to regulate risk-based compensation threatens to transform some bank practices, but will thrust the Fed into a murky area where regulation has generally failed.
Published in The Wall Street Journal September 18, 2009 by Damian Paletta and Jon Hilsenrath
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 proposal to rein in risk-taking at financial institutions.
Published in NYT’s Deal Book September 17, 2009, by Andrew Ross Sorkin
The economy may be stabilizing and stocks may be rising, but Peter G. Peterson, the billionaire co-founder of the private equity giant Blackstone Group, isn’t sounding so upbeat.
Published in Reuters September 15, 2009 by Steve Eder
A majority of Americans believe Wall Street executive compensation is “unreasonable,” and that bankers fared better than others during the financial crisis, a poll conducted for Reuters shows.
Published in The Wall Street Journal September 9, 2009 by Ulrike Dauer
Goldman Sachs Inc. Chairman and Chief Executive Lloyd Blankfein said Wednesday that the anger over bank compensation schemes and bonuses was “understandable and appropriate” and that multiyear guaranteed employment contracts “should be banned entirely.
Published in Reuters August 28, 2009 by Steve Eder
Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) and AIG (AIG.N: Quote, Profile, Research, Stock Buzz) are forging new employment contracts that let them void compensation agreements if they are challenged by the U.S. government, according to a person familiar with some recent contracts.
