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Banks Set for Record Pay
Keywords:
Wall Street Journal analysis shows top earners at 38 U.S. banks and securities firms will get $145 billion in 2009, an 18% increase over 2008. This even after increasing public anger about exceedingly high levels of executive compensation with no relation to performance, and at a time of high unemployment.
Executive Compensation and how it has led at outrageous levels to changing behaviour.
10/11/2008
With outrageous amounts of executive compensation running into tens of or hundreds of millons, behaviour of executives involved has changed from ethical to unethical depending on the ethical base of the person involved.
Grouped Articles
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
Documents Show AIG Knew Of Problems With Valuations
Wall Street Journal 10/11/2008
E.U. Seeks Global Agreement on Bonus Curbs
New York Times 09/17/2009
Fed Considers Sweeping Rules to Regulate Pay at Banks
New York Times 09/19/2009
Fed's Plan on Banker Pay Divides Industry
Wall Street Journal 09/19/2009
Fed Abandons Its Reserve on Banker Pay
Wall Street Journal 09/19/2009
The European Union leaders insistence on pay curbs to prevent reckless risk taking 2011-2012
02/04/2009
Sarkozy of France and Merkel of Germany insist that pay curbs for bankers be high on the agenda for the G20 meeting in Pittsburgh. They are particularly riled by the huge bonuses bankers are taking in the midst of the continuing financial crisis.
Grouped Articles
Wall Street Journal 10/31/2013
Royal Bank of Scotland to Slash Costs as Losses Deepen
Wall Street Journal 02/28/2014
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
British Regulators Extend Clawback Rules for Bankers’ Pay
New York Times 06/23/2015
Goldman Sachs CEO Blankfein.
10/10/2009
Goldman and its CEO continue to be unpopular with a public that is unhappy with the government help to the banks. Large bonuses make the situation even worse.
Grouped Articles
Goldman Bets Less and Takes Hit
Wall Street Journal 07/20/2011
Wall Street Journal 07/23/2013
Senior Executives at Goldman Had a Role in Mortgage Unit
New York Times 04/18/2010
Wall Street Journal 04/20/2010
Exit Shows Blankfein Still Rows Goldman
Wall Street Journal 10/22/2013
A Moot Effort to Burnish the Reputation of Goldman Sachs
New York Times 10/23/2013
Executive compensation on Wall Street: Assuaging public anger or the real thing
02/04/2009
Its not clear whether these controls on pay practices are adequate, or too little too late. With bills being watered down in Congress on derivatives trading and other risk prevention measures. The intense lobbying of the financial industry against prudent regulation. The voices of wiser minds like Volcker and Mervyn King of the Bank of England calling for strong action. And the jobless numbers going the other way. Most recently at the Barr Trucking Company in Indiana, where 500 resumes were received for a $13 an hour assistant position.
Grouped Articles
New York Times 12/27/2011
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
S.E.C. Proposes Greater Disclosure on Pay for CEO's
New York Times 09/18/2013
A Better Way to Compare C.E.O. Pay
New York Times 09/21/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
FDIC and new rules for executive pay, mortgage risk, revamping of failed banks in the U.S.
01/15/2010
Grouped Articles
Banks Are Pressed to Expand 'Living Wills'
Wall Street Journal 04/15/2013
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
S.E.C. Proposes Greater Disclosure on Pay for CEO's
New York Times 09/18/2013
A Better Way to Compare C.E.O. Pay
New York Times 09/21/2013
FDIC Set to Weigh Pay Revamp, Liquidation Authority
Wall Street Journal 01/13/2011
U.S. Seeks to Defer Portion of Bonuses
Wall Street Journal 02/05/2011
Shareholder opposition to excessive bank pay and bonuses in 2012-2013
02/04/2009
Grouped Articles
Wall Street Journal 10/31/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
British Regulators Extend Clawback Rules for Bankers’ Pay
New York Times 06/23/2015
New Rules Curbing Wall Street Pay Proposed
Wall Street Journal 04/22/2016
U.S. banker pay- 2009-2012
01/15/2010
Grouped Articles
Believe It: Bankers' Pay Takes a Tumble
Wall Street Journal 04/26/2011
Wall Street Chiefs Set a New Agenda
Wall Street Journal 02/28/2012
Wall Street Journal 01/15/2010
Britain leads the way in requiring more liquidity at banks and in getting agreement to limit bonuses.
02/04/2009
Grouped Articles
Wall Street Journal 10/31/2013
Royal Bank of Scotland to Slash Costs as Losses Deepen
Wall Street Journal 02/28/2014
Bailed-Out Royal Bank of Scotland Sees Years of Losses
New York Times 02/27/2014
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
In U.K., Getting Tough With Nationalized Banks
Wall Street Journal 02/09/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
France's action against bank bonuses.
02/04/2009
Grouped Articles
Wall Street Journal 10/31/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
British Regulators Extend Clawback Rules for Bankers’ Pay
New York Times 06/23/2015
France Joins U.K. Bonus Tax; Not Germany, U.S.
Wall Street Journal 12/11/2009
Negotiations at the G-20 in Pittsburgh on capital requirements for banks and limits on bank bonuses.
02/04/2009
The Pittsburgh G-20 talks will address these issues with European and Americans coming up with some compromise.
Grouped Articles
IMF Urges EU Banks To Raise Capital
Wall Street Journal 09/22/2011
Fixing a Perception Gap for the Underappreciated G-20
Wall Street Journal 08/27/2013
Rochesterâs Survival Lessons
New York Times 02/02/2012
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
UK banks- bonuses and tax levy
02/04/2009
Grouped Articles
Wall Street Journal 10/31/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
British Regulators Extend Clawback Rules for Bankers’ Pay
New York Times 06/23/2015
Banks in U.K. Hit With Higher Tax
Wall Street Journal 02/09/2011
Executive compensation and perks that are arousing public opinion as layoffs increase in 2009
03/04/2008
As layoffs increase and the credit crisis makes life difficult for most people the excutive compensation in the hundreds of millions of dollars, and perks like private jets even for failed companies, are arousing public opinion.
Grouped Articles
In Germany, Scandals Tarnish Business Elite
Wall Street Journal 03/04/2008
Buyout Plan for Wall Street Is a Hard Sell on Capitol Hill
New York Times 09/24/2008
New York Times 10/05/2008
Documents Show AIG Knew Of Problems With Valuations
Wall Street Journal 10/11/2008
Nonprofit Hospitals Leave The City for Greener Pastures
Wall Street Journal 10/14/2008
Wall Street Journal 10/21/2008
Return to business as usual in the banking sector with pay and other practices..
08/23/2009
The administration's reluctance to back up the Fed's efforts to cap bonuses and compensation in banking.
Grouped Articles
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
British Regulators Extend Clawback Rules for Bankers’ Pay
New York Times 06/23/2015
Hatoyama Outlines Need for Regulation
Wall Street Journal 09/05/2009
Mozilo Filing Says SEC Distorts Charges in Suit
Wall Street Journal 09/05/2009
Government curbs on executive pay in the U.S.
02/04/2009
Obama pay czar Feinberg issues rules for executive compensation at government supported financial institutions.
Grouped Articles
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
S.E.C. Proposes Greater Disclosure on Pay for CEO's
New York Times 09/18/2013
A Better Way to Compare C.E.O. Pay
New York Times 09/21/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
U.S. to Order Pay Cuts at Firms That Got Most Aid
New York Times 10/22/2009
New York Times 10/22/2009
The bad side of incentive based executive compensation
12/31/2008
Executive pay and bonuses are paid based on incentives to produce good performance. But the parameters that measure performance such as share price can be manipulated resulting in a perverse sytem that incentivizes bad decisions costly to the company even while executives are earning large or grossly disproportionate pay and bonuses. This happened at Merrill Lynch, Citigroup and other financial firms that collapsed or reached the brink of collapse.
Grouped Articles
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
S.E.C. Proposes Greater Disclosure on Pay for CEO's
New York Times 09/18/2013
Wall Street Journal 10/31/2013
The 'Market' Isn't So Wise After All
Wall Street Journal 12/31/2008
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
Does Golden Pay for the CEOs Sink Stocks?
Wall Street Journal 12/26/2009
JP Morgan Chase bank CEO Jamie Dimon's views on banking, executive pay and regulation in the U.S.
01/15/2010
Grouped Articles
Wall Street Journal 05/04/2013
J.P. Morgan Battle Doesn't End With Dimon
Wall Street Journal 05/09/2013
For Dimon, Now Is Time for Renewal
Wall Street Journal 05/27/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
Dimon Vows to Fix JP Morgan's Compliance Problems
New York Times 09/17/2013
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
RBS and Lloyd's Banking Group and reckless management.
09/17/2007
Royal Bank of Scotland and Lloyd's banking Group were part of the U.K. bank bailout. This was a case of poor decisions, reckless management and excessive risk taking without attention to possible consequences. Cameron and Osborne of the Conservatives and Mervyn King of the Bank of England voiced criticism of these behaviours that has cost the British taxpayer.
Grouped Articles
Wall Street Journal 06/13/2013
New York Times 06/12/2013
The future of Lloyds: Stuff happened
Economist 09/25/2010
Past Sins Haunting Royal Bank of Scotland
New York Times 01/27/2014
Legal Costs Set to Put RBS in the Red
Wall Street Journal 01/28/2014
Wall Street Journal 01/28/2014
$52 billion of government money to go through AIG to banks and in turn to hedge funds for betting against the housing market.
01/19/2009
The Financial Products Group's 370 person staff at AIG earns bonueses of $400 million for AIG insurance sold at "fractions of a penny for every dollar covered, less than $10 million for $1 billion of insurance" (WSJ). It costs the government $52 billion to take care of this and $165 million in bonus check go out for retention incentives with binding contracts to these staffthe same week. Thats the kind of financial innovation that has exacerbated the turmoil and created acrisis of condfidence for financial markets in the USA by March 2009.
Grouped Articles
BusinessWeek 04/01/2010
Hedge Funders Are All a Little Nuts
Wall Street Journal 08/27/2013
In New Books, a Look at People and Places That Innovate
New York Times 09/04/2010
Hank Greenberg Still in the Ring at 90, Battling A.I.G. Charges
New York Times 04/30/2015
Wall Street Journal 06/16/2015
In A.I.G. Case, Surprise Ruling That Could End All Bailouts
New York Times 06/15/2015
Britain's actions against bank bonuses.
02/04/2009
Alistair Darling announced immediately effective step of taxing bank bonus pools with a 50% tax.
Grouped Articles
Wall Street Journal 10/31/2013
Royal Bank of Scotland to Slash Costs as Losses Deepen
Wall Street Journal 02/28/2014
Bailed-Out Royal Bank of Scotland Sees Years of Losses
New York Times 02/27/2014
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
In U.K., Getting Tough With Nationalized Banks
Wall Street Journal 02/09/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
Germany's action against bank bonuses.
02/04/2009
Eleven financial institutions agree to voluntarily limit bonuses.
Grouped Articles
Wall Street Journal 10/31/2013
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
British Regulators Extend Clawback Rules for Bankers’ Pay
New York Times 06/23/2015
Wall Street Journal 12/11/2009
Swiss bank UBS and cuts in bonuses for 2011
01/15/2010
Grouped Articles
Former UBS Official Is Arrested in Tax Probe
Wall Street Journal 10/21/2013
Wall Street Journal 10/31/2013
Swiss Voters Reject High-Pay Initiative
Wall Street Journal 11/24/2013
U.K. Bankers to Wait Seven Years for Bonuses
Wall Street Journal 06/24/2015
The U.K.'s New Bonus Claw Back Rules
Wall Street Journal 06/24/2015
UBS Will Slice 60% From Bonuses As Net Sinks 76%
Wall Street Journal 02/08/2012
Soul searching about the lack of changes to make the financial system safer after the 2008 global financial crisis
01/15/2010
Soul searching at the IMF, Britain's Financial Services Authority and among experts about the lack of serious changes or reforms in the financial system after the global financial crisis of 2008. Bondholders did not take a haircut in Ireland, and large banks are still "too big to fail." A sense that this could happen again.
Grouped Articles
Wall Street's Giants Try 'Flow Monster' Formula
Wall Street Journal 05/20/2013
GE Capital, AIG to Get More Government Oversight
Wall Street Journal 07/09/2013
Obama Presses Regulators to Finish Financial Rules
Wall Street Journal 08/20/2013
Weâre All Still Hostages to the Big Banks
New York Times 08/25/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
Wall Street Journal 09/10/2013
After a Financial Flood, Pipes Are Still Broken
New York Times 09/14/2013
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