Posts Tagged “Reduced Pay”
The New Compensation Reality on Wall Street
by J. J. Kellington on March 1, 2012
The top-tier international investment banks now face a critical evolutionary challenge: they must adjust to a new compensation reality on Wall Street if they are to survive.
UBS Announces Bonus Clawback For Highest-Paid Employees
by Adam Jameson on February 9, 2012
Swiss giant UBS announced today an aggressive clawback provision against their top earners, part of a growing movement attacking employee compensation on Wall St.
Citigroup Announces Investment Bank Bonus Cuts
by Beth Connolly on February 8, 2012
Citigroup is cutting bonuses by 30% on average for 2011–but up to 70% less than last year for some unlucky bankers. Citi said that much of last year’s troubles could be blamed on the equity derivatives department.
Deutsche Bank Latest to Announce Bonus Cap
by Beth Connolly on February 8, 2012
Deutsche Bank told employees it will impose a 200,000 euro ($266,000) cap on bonuses paying out this year, after weak fourth quarter reports. Base salaries are also down.
UBS Doesn’t Have To Worry About Losing Talent
by Jack Kelly on February 8, 2012
Along with yesterday’s announcement of fourth quarter results and some of the industry’s deepest bonus cuts, UBS has a clever plan to retain top talent to the tune of $300 million in 3 years.
