Bonus Watch Q4 ’14 (and ’15): Brokerages


You gotta spend money to, well, you know the rest. And so, apparently, do James Gorman, Brian Moynihan and John Stumpf.

Brokerage firms have turned their attention toward pay incentives and awards to pad out an adviser’s compensation and improve the chances that they will stay at the firm, while also directing them to work toward management’s goals….

The downside to this spending is lower profit margins, such as those suffered by Morgan Stanley and Merrill Lynch in the fourth quarter.

Big Brokerages Spend More on Bonuses [WSJ]


Bonus Watch '15: Goldman Sachs CEOs

...did pretty well for themselves this last go around, particularly compared to their counterparts at JP Morgan, Morgan Stanley, BofA, and Citigroup.

Bonus Watch ’15: Europe

...were not too shabby, unless you work for a Swiss bank.

Bonus Watch '15: Citi CEOs

The board has decided Corbat did a 10 percent shittier job last year than in 2013.

Bonus Watch ’14: Herbalife

The CEO diet shake and supplement purveyors saw his compensation drop 35%.