bonuses

  • 16 Apr 2014 at 12:14 PM

Bonus Watch ’14: BlackRock CEOs

Larry Fink > Lloyd Blankfein. Read more »

  • 31 Mar 2014 at 2:58 PM

Bonus Watch ’14: Mike Cavanagh

Mike Cavanaugh gave up a lot when he quit his job as the co-head of JP Morgan’s corporate and investment bank to become president and co-COO of the Carlyle Group. He gave up the chance to see the words “heir apparent” mentioned in every article written about him for the next five years, or until Jamie Dimon decides to retire. He gave up the bi-monthly treat of having Dimon take him down to the entrance of 270 Park and tell him that one day, everything the light touches will be his. He also gave up millions a year if you’re only looking at base pay, though it’s unclear why you would do that. Read more »

  • 18 Mar 2014 at 4:17 PM

Bonus Watch ’14: Barclays Senior Staff

Dealbook reports that, like the rest of the firm, Barclays top executives did pretty well for themselves this bonus season, despite the bank doing not so well re: earnings. As previously mentioned, Chief Executive Antony Jenkins found himself between a rock and a bunch of employees who said they would quit if they weren’t made to feel loved in the way of compensation this year, and decided he had not choice but to increase bonuses. Clocking it at the highest paid member of Team Barclays was Hugh Skip McGee III, which is probably a good thing, as he’s been known in the past to make a stink when things don’t go his way. Read more »

  • 14 Mar 2014 at 2:29 PM

Bonus Watch ’14: Robert Benmosche

Benmosche, 69, earned a $6 million cash incentive, 50 percent more than his target, the New York-based insurer said yesterday in a regulatory filing…AIG revamped pay plans for executives last year to link compensation to performance after the end of restrictions tied to a U.S. government bailout. AIG repaid the rescue in 2012 and advanced 45 percent last year, beating the 30 percent gain of the Standard & Poor’s 500 Index. The plan “aligns the economic interests of our executives with the long-term interests of AIG and our shareholders,” the insurer said in the filing. Benmosche received a $2.3 million salary and $6.5 million in stock awards, bring his total compensation to $14.8 million, That’s 40 percent more than he earned a year earlier. [Bloomberg]

Why stop here? Why not just give Montag his office and parking spot, too? Read more »

  • 07 Mar 2014 at 3:12 PM

Bonus Watch ’14: JP Morgan Whistleblowers

Keith Edwards did pretty well for himself last year. Read more »

  • 05 Mar 2014 at 5:05 PM

Bonus Watch ’14: Barclays Had Two Choices

Choice number one was to cut bonuses for a second year in a row, lose all its investment bankers in the US, and turn the place into a Gold’s Gym. Choice number two was to increase bonuses and stop the mass exodus. After many a sleepless night, CEO Antony Jenkins decided to go with the latter but lest anyone be getting ideas, this was a one time thing. Next year he won’t worry about placating anyone, mass exodus or not, and if you don’t like that you can, as his predecessor’s daughter would say, HHD. Read more »