bonuses

  • 19 May 2014 at 1:39 PM

Bonus Watch ’14: Ex-Cons

According to Jordan Belfort, a former boiler room operator who did 2.5 years for defrauding all of his Stratton Oakmont clients, 2014 is going to be a big year for convicted criminals who don’t appreciate being called convicted criminals. Read more »

The German lender is proposing to raise the maximum bonus senior managers can receive to twice their fixed annual salary, double the current level. Deutsche Bank officials say the move is necessary so that the bank can comply with European rules on pay, while also competing for staff with U.S. rivals. They say that if the bonus increase is rejected, the bank would need to raise base salaries to retain top talent. But opposition to the proposals is mounting from shareholder groups who argue the payment is excessive and fosters improper behavior. Germany’s Schutzverein der Kapitalanleger, an organization of small shareholders, said it would vote against the proposal because it lifts the bonus cap indefinitely, rather than for a defined period subject to review. Another shareholder group, the Ethecon, said it plans to vote against Deutsche Bank’s proposal which “would further raise the already irresponsible and inhumane risk appetite level.” [WSJ]

  • 14 May 2014 at 12:58 PM

Bonus Watch ’14: Some People Get A (Modest) Raise

If you’re taking any risk at all, sorry: You are out of luck. Read more »

  • 25 Apr 2014 at 11:53 AM

Bonus Watch ’14: Macquarie

The Aussies have some very unhappy junior mistakers on their hands. Read more »

Antony Jenkins knows people are pissed. He knows it looked bad to increase bonuses after profits fell. He knows investors want results. He knows everyone is tense. He also knows that if everyone would just sit tight, and give him a couple weeks to finish a project he’s been working on, a lot of people will feel a lot better about the pay situation come May 8, when he officially announces the firing of a boatload of employees. Read more »

  • 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 »