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News & Information
News and Information
March 13, 2014 Wall Street Bonuses Grew 15% in New York, DiNapoli SaysSource: Bloomberg
Wall Street’s bonus pool rose 15 percent to $26.7 billion in 2013, fueled by compensation deferred from prior years, according to estimates by New York state Comptroller Thomas DiNapoli. Employees took home an average bonus of...
Source: shington Business Journal
Deep in his annual message to shareholders, below the boilerplate language praising employees and touting accomplishments, M&T Bank CEO Robert Wilmers offers some blunt opinions about executive compensation and what caused the...
March 10, 2014 Bank of America CEO Pay Jumped 77 PercentSource: ABC News
Bank of America CEO Brian Moynihan saw his compensation jump 77 percent last year as the company's fortunes improved.Moynihan's total compensation was $13.1 million, according to an Associated Press calculation based on a filing...
February 25, 2014 HSBC plans to sidestep EU bonus cap revealedSource: FT.com
HSBC became the first bank to reveal how it plans to sidestep a new EU cap on bonuses, hiking the fixed pay of hundreds of senior executives even as its profit growth fell short of analysts’ expectations.
February 20, 2014 BofA Said to Boost CEO’s Compensation 17% to $14 MillionSource: Bloomberg
Bank of America Corp. awarded Chief Executive Officer Brian T. Moynihan $14 million for last year, boosting his pay 17 percent after profit more than doubled. Moynihan received $12.5 million in stock grants for 2013, the firm...
February 19, 2014 Outrage Over Wall St. Pay, but Shrugs for Silicon Valley?Source: NY Times
Big paydays on Wall Street often come under laserlike scrutiny, while Silicon Valley gets a pass on its own compensation excesses. Why the double standard? Take Eric Schmidt, the former chief executive and current chairman of...
February 12, 2014 Is Intel’s executive compensation shift really a ‘cultural change’?Source: Inside Counsel
Intel Corp. may have called a recent executive compensation shift a “cultural change,” but the change may actually be a minor tremble as compared to a major earthquake
February 11, 2014 G.M. Reveals C.E.O.’s Pay Details to Counter Gender-Bias CriticismSource: NY Times
Mary T. Barra, chief executive of General Motors, will earn as much as $14.4 million in compensation during her first year on the job, the company said on Monday. The automaker made her compensation package public two months...
February 5, 2014 Microsoft names Nadella CEO, Gates out as chairSource: CNN
Microsoft has named Satya Nadella as its new CEO and announced that founder Bill Gates will step down as chairman of the company's board. Nadella is a 22-year veteran of Microsoft (MSFT, Fortune 500) who has been overseeing...
February 4, 2014 How to fix runaway pay on Wall Street'
Yahoo! Finance - Make no mistake. Itâs that implicit government guarantee and the deep balance sheet of loans and deposits at the traditional bank that allows brokerage arms at J.P. Morgan, Bank of America Corp ......
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