Brokers ‘Not Happy’ With Merrill’s New Comp Plan: Recruiter
Danny Sarch criticizes the bonus hurdles, while other industry watchers say the targets are achievable.
Wall Street Bonuses Not Keeping Up With Profits
New York Comptroller finds that NYSE firms had a 21% bounce in profits, but employees' average bonus rose just 1% last year.
Wells Fargo Said Likely to Withhold Bonuses for Top Execs
Board said to near final decision after talks in January; move would reflect bank’s performance in year hit by scandal.
U.S. Limits on Wall Street Bonuses Appear Doomed Ahead of Trump
Obscure regulator of credit unions said to be hurdle for rules; new restrictions clash with Trump pledge to rip up Dodd-Frank.
Hedge Fund Managers Expect ‘Massive’ 34% Pay Cut: Survey
Odyssey Search surveyed 500 hedge fund professionals; firms with outflows expected to pay less in bonuses.
LPL Limits Pay Hikes, Bonuses for Employees
Companywide, there will not be merit increases in 2016, as the IBD takes "a cautious approach."
UBS Boosts Bonuses for Top Teams in 2016
Teams with a combined yearly production of $2.5 million and higher and average production per rep of $750,000 and higher will get higher payouts.
Merrill Raises Goalposts for Advisor Payouts
Advisors unable to increase their fees and commissions could see their cash payouts drop under Merrill's 2016 comp plan.
Morgan Stanley Boosted Gorman’s Pay 25% for 2014
James Gorman received $22.5 million for his performance last year, but a few other CEOs earned even more.
Morgan Stanley CEO’s Performance Bonus Doubles on Stock Gain
Gorrman's shares were valued at $4.1 million; the head of wealth management's are worth $3.6 million.