raises

  • 13 Oct 2014 at 11:30 AM

Pay Hike Watch ’14: Jefferies

The junior mistmakers at the House ‘o Handler will not be left out of the fun. Read more »

  • 05 Sep 2014 at 3:16 PM

Pay Hike Watch ’14: Credit Suisse

After having monitored the situation, the House of Dougan has decided its youngest members will be getting base pay raises. Read more »

  • 21 Aug 2014 at 11:49 AM

Pay Hike Watch ’14: Raises For Everyone (Under 25)!

Well, raises for everyone at Goldman Sachs, Morgan Stanley, and Bank of America. JP Morgan and Citi are still pondering this one. Read more »

  • 17 Mar 2014 at 9:30 AM

Pay Raise Watch ’14: Warren Buffett, Bill Gates

Warren Buffett’s Berkshire Hathaway Inc has urged shareholders to vote against a proposal that it consider spending some of its $48.2 billion of cash on a “meaningful” dividend. According to a Berkshire proxy filing on Friday, David Witt, a Cincinnati resident who owns nearly $8,600 of Berkshire stock, will propose the payout at the company’s May 3 annual meeting. Berkshire has not paid a cash dividend since 1967…Berkshire also disclosed that Buffett’s compensation rose 15 percent last year to $485,606. That includes his usual $100,000 salary, plus $385,606 for personal and home security. The company also said it paid most directors an extra $300 last year. That meant Bill Gates, the Microsoft Corp co-founder and world’s richest person, was awarded $2,100 last year for his work as a Berkshire director. [Reuters]

  • 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]

  • 12 Jul 2013 at 11:45 AM
  • Banks

A Tale Of One City

It is the best of times (for those getting hired by London banks) and the worst of times (for those still trying to get hired by London banks). Read more »

  • 14 Dec 2011 at 6:37 PM

UBS Raises Base By For (Some) Employees

Over the past year or so, a lot of people have chosen to voluntarily leave UBS, which may have something to do with the fact that people would like to get paid. While a handful of marquee names (within the industry) have been lured with big checks, many senior bankers have heard nary a peep re: bonuses in several years (the staff’s pay overall being nothing to write home about, either), and with morale taking a hit in the wake of suggested layoffs and someone losing the place $2.1 billion, employment with places where you’re robbed at knifepoint look good. The last time staffers inquired about compensation, investment-banking chief Carsten Kengeter told them to put a sock in it. So, some may be a bit gun-shy about bringing it up again. Happily, today brings exciting news. Some people are getting a raise! Read more »