bonus watch

  • 11 Mar 2013 at 2:09 PM

Bonus Watch ’13: UBS

From the front lines: Read more »

As you may recall, over the summer, former Barclays CEO Bob Diamond resigned in disgrace after revelations that bank employees had engaged in rampant rate rigging on his watch. And while the scandal clearly had an affect on his last performance review, Bob and friends o’ Bob will be pleased to hear that it didn’t actually hurt him too badly come pay day! In addition to a couple million pounds (for half a year’s work), it was announced today that Diamond’s 2012 package also includes lodging while he’s visiting old colleagues in town, as well as a company car and driver. No need to see the guy reduced to dirtying his hands opening door or walking, when he’s already been through so much. Read more »

The Swiss are scheduled to communicate bonus numbers today. In the meantime, those working in UBS’s O’Connor fund are preemptively pissed re: the news their compensation will be structured as though they were regular old employees of the bank. What are they doing about it? Read more »

  • 19 Feb 2013 at 5:58 PM

Bonus Watch ’13: Brian Moynihan Gets A Raise

Time was, being Chief Executive Officer of Bank of America was a thankless job that involved being mocked by Stephen Schwarzman, engaging in hand-to-hand combat, and generally feeling as though one’s ass was being kicked on a daily basis. It may still be a thankless job that involves all those things but now it comes with a little extra cash to make B-Moy feel better about himself/the prank calls that he knows are coming from Blackstone. Read more »

If you like delayed gratification you’ll love the payment plan management has come up with. Read more »

  • 01 Feb 2013 at 12:32 PM

Bonus Watch ’13: Deutsche Bank

The good news: there will still be bonuses this year, which is something. The even better news, for the tantric bonus fans among us: it’ll be a while before you see it all. Read more »

  • 29 Jan 2013 at 5:17 PM

Bonus Watch ’13: Jefferies CEOs

Dick Handler ended up doing pretty okay for himself. Read more »