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On Street, Pay Vaults to Record Altitude
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Total compensation and benefits at publicly traded Wall Street banks and securities firms was a record $135 billion in 2010, according to an analysis by the Wall Street Journal. This is up 5.7% from the $128 billion in 2009 for the same firms. The 25 largest financial firms saw revenues increase to $417 billion. Things are going back to where they were before the financial crisis with total compensation and benefits now exceeding the levels in 2007. In 2010 deferred compensation made up half of the total pay compared to being one third of total pay in prior years.
Executive compensation and bonuses in the UK: 2010-2013
02/04/2009
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SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
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Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
The U.K.'s New Bonus Claw Back Rules
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Wall Street Journal 01/10/2011
On Street, Pay Vaults to Record Altitude
Wall Street Journal 02/02/2011
Executive compensation on Wall Street: Assuaging public anger or the real thing
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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
S.E.C. and corporate pay rules in the U.S.
01/26/2011
Rules for executive compensation adopted by the S.E.C. in the U.S.
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
S.E.C. Tension As It Examined Mortgage Cases
New York Times 12/19/2013
In Split Vote SEC Adopts Corporate Pay Rules
New York Times 01/26/2011
On Street, Pay Vaults to Record Altitude
Wall Street Journal 02/02/2011
Letters to the Editors of the Wall Street Journal on executive pay and compensation.
02/04/2009
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 Bonuses Are an Outrage
Wall Street Journal 02/04/2009
It's Rich for Executives to Expect Sympathy on Pay
Wall Street Journal 10/17/2009
Fed Hits Banks With Sweeping Pay Limits
Wall Street Journal 10/23/2009
Pay Cuts, but Little Headway on Larger Goals
New York Times 10/23/2009
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
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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
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 rules for executive compensation at financial firms in 2010-2011
02/04/2009
Grouped Articles
Wall Street Bonuses Are an Outrage
Wall Street Journal 02/04/2009
U.S. Considers New Push on Bank Pay
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On Street, Pay Vaults to Record Altitude
Wall Street Journal 02/02/2011
A Question of Trimming Pay at Goldman Sachs - Breakingviews
New York Times 10/06/2011
Letters: Working Hard, Yes, but for Fair Pay?
New York Times 11/26/2011
Say-on-Pay Votes Make More Shareholder Voices Heard
New York Times 04/07/2012
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
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
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