raises

ubs (3)Like their brethren at Citigroup, UBS’s junior mistmakers are mighty miffed and have a right mind to tell management where it can go. Read more »

  • 11 Nov 2014 at 2:52 PM

Pay Hike Watch ’14: Bank of America

money-showerThe House of Moynihan is said to have gone the way of Credit Suisse, Jefferies, Goldman Sachs, JP Morgan, and Morgan Stanley, and given its tiniest bankers a little something extra. Read more »

  • 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 »

  • 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 »

  • 29 Jul 2014 at 11:44 AM

Morgan Stanley Has A Treat For Senior Junior Bankers

It’s not all “if you don’t like your pay STFU or GTFO” tough love over at the House of Gorman. The firm’s oldest junior bankers are getting a nice little bump to their compensation to help out with liquidity issues they might be facing. Junior junior bankers are getting hope that they might one day get raises too. 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]