bonus watch

  • 25 Jan 2013 at 6:40 PM

Bonus Watch ’13: Bank Of America

Apparently some did not fare as well as others. Read more »

  • 25 Jan 2013 at 4:20 PM

Bonus Watch ’13: Bank Of America

A few details from the House of Moynihan’s IBD bonus communication day, which was said to leave people feeling “glum.” Read more »

  • 23 Jan 2013 at 4:24 PM

Bonus Watch ’13: Credit Suisse

A few details from the House of Dougan’s bonus communication day. Read more »

Since taking the reins at Morgan Stanley in 2010, CEO James Gorman has guided the firm with a managerial style that boils down to telling people, more or less: You’ll get it when you’ve earned it, “it” being anything from personal space to money to his respect. On the point of compensation, last year he told employees complaining about what they were paid to either open a newspaper and get over themselves or do everyone a favor and quit. Today brings news that this year, he’s doubling down on that mandate and daring anyone to make something of it. Read more »

Like Deutsche Bank, management at BARC and CS think shrinking bonuses up to 20 percent sounds like a great idea. Read more »

The Germans might take an ax to bonuses, cutting them by 20 percent, or they might not. According to CEO Anshu Jain, what it may come down to is whether or not other banks will help him out here by getting on board with the proposed reductions, as it would make DB look bad to be the only firm doling out tough love this year. Thanks in advance. Read more »

  • 11 Jan 2013 at 11:11 AM

RBS: Those Libor Fines Don’t Pay For Themselves!

Like many of its peers in the banking world, RBS used to make a habit of manipulating Libor (among other things). And, as recent reports suggest, the Royalest Bank of Scotland is probably going to be forced to cough up £300m (and fire a couple execs) to convince the government everyone is very sorry and it won’t happen again. How does the bank, which has not had a money-making quarter since the financial crisis,* plan to come up with the cash? By 1) taking back bonuses that were already paid out to people who were involved in the scandal and 2) reducing everyone‘s bonus this year. Read more »