bonuses

  • 06 Aug 2013 at 1:52 PM

Bonus Watch ’13: It Could Be Worse

You could be getting paid (or not paid) by Europe. Read more »

  • 02 Aug 2013 at 1:42 PM

Bonus Watch ’13, ’14, ’15, Beyond: RBS CEO’s

The new guy is well-aware you don’t make friends with salad and/or enormous packages (base pay/pensions/etc excepted). Read more »

Europe has big plans to micromanage bankers’ bonuses and the first step of those plans is to figure out how big those bonuses are. And here is the answer! For 2011, anyway, and for bankers who made more than €1mm. It’s a report from the European Banking Authority based on their data collection project, in which national regulators were asked to collect data on all bankers within their borders who made more than €1mm.

I’ve had a go at putting it into a spreadsheet, which you should play with; you might find more interesting things than I did. But given that fixed vs. variable comp for high earners is the main focus, here’s the fixed/variable breakdown in various countries:
Read more »

  • 14 Jun 2013 at 5:02 PM

Bonus Watch ’12: Bank Of America

Bank of America Corp., the second-biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents. Mortgage workers falsified records and were told to delay U.S. loan-assistance applications by requesting paperwork that the Charlotte, North Carolina-based bank had already received, according to statements from ex-employees filed last week in federal court in Boston. The lender improperly disqualified applicants to the Home Affordable Modification Program, or HAMP, according to a May 23 statement from Simone Gordon, a loss-mitigation specialist who left the company in 2012…Loan collectors who put at least 10 customers into foreclosure, including those who were in trial modifications, were given a $500 bonus, said Gordon, who worked at Bank of America for more than four years. Other rewards included gift cards for retailers including Target and Bed, Bath and Beyond, she said. [Bloomberg]

The other half are prepared to inform people them’s the breaks. Read more »

Your guess is as good as theirs! Read more »

  • 30 May 2013 at 3:01 PM

Bonus Watch ’13: UBS

You get a raise! And you get a raise! And you get a raise! Read more »