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Holding Title Of Chief Executive Officer Not Such A Raw Deal In 2014: WSJ

CEOs are finally gettin' paiiiid (in cash) again.
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In the grand tradition of corporate America, being the CEO of a company and getting to boss people around has historically been preferable to not being the CEO of a company and not getting to boss people around. Offered the choice between chief executive officer and second year peon, smart money would tell you to choose the former. Ever since the global financial crisis, though, a dark cloud has settled over the biggest office in the c-suite. Come comp time, CEOs have been getting less and less of their award in cash and more in unsightly equity packages. As Jefferies chief Rich Handler will tell you, "You can’t spend non-cash compensation or unpaid cash to buy a home, purchase groceries, invest in your life or help out friends and family," or, like, a manservant to dress you every morning. Anecdotally speaking,1 some higher-ups were considering swapping gigs with first-year analysts, just for the cold hard cash. Luckily, it appears it won't come to that:

Cash compensation for chief executives rose at its fastest rate in at least four years in 2014, swelling to 37.3% of total CEO compensation, higher than it has been since 2010, according to a survey of early proxy filings by the Hay Group for The Wall Street Journal. The rise in cash pay contrasts with trends just after the financial crisis, when shares had cratered and companies filled out their top officers’ pay packages with equity grants.

We can all now breathe easy. It's going to be okay.

CEOs Awarded More Cash Pay [WSJ]

Related: Making Lots Of Money, Being Able To Boss People Around Better Than Less Money, No People To Boss Around: Survey

1. In our heads. But could be true.


Meredith Whitney Not Worried About Jamie Dimon's Ability To Handle House Financial Services Committee, Unlike Some Chief Executives She Knows

As you may have heard, later today Jamie Dimon will once again testify on Capitol re: a certain whale's multi-billion dollar losses. Unlike last week's hearing, conducted by the relatively reasonable Senate Banking Committee, this time Dimon will face questions and screeching from the relatively bat-shit House Financial Services Committee, a group of people we hope will not hold back. Yet despite the HFSC's history of making witnesses look good, not matter how egregious their offense, by conducting inquiries in a manner that would suggest recreational bath salts abuse by the Congressmen and women, Bloomberg's Tom Keene expressed worry earlier this morning about Dimon's ability to navigate the hearing.  Would today be "tougher" for the JPM chief, Keene asked Bloomberg TV Surveillance guest Meredith Whitney? According to the analyst, Dimon be more than fine and while we're on the subject, not that you asked, she can think of another bank CEO who'd crack under Congressional questioning on account of the fact that he doesn't have eyes you could get lost in. So, 1. How dare you, lady? Lloyd's impish smile and comedic timing don't do it for you? And 2. We thought these kind of blows were reserved for Vikram. Banking Industry Must Reinvent Itself, Says Whitney [Bloomberg TV] Related: Meredith Whitney Cannot Stress Enough How Little She Thinks Of Citigroup

JPMorgan Chief Risk Officer: "I want to reiterate the critical role that we play at J.P. Morgan Chase"

In case that was unclear. Also, no more "surprises" like you know what again, please.