• ING's Dutch bonus treat

    In the you don't see this every day department, executives at ING are giving back their bonuses.

    ING (ING) CEO Jan Hommen sounded his hasty retreat in an op-ed piece Tuesday in a Dutch newspaper, after his 1.25 million-euro ($1.8 million) payout came under attack in the public and in Dutch parliament.

    Two other top execs at ING, which has repaid only half of a 10 billion-euro financial crisis bailout, will give back their MORE

    - Mar 22, 2011 10:50 AM ET
    Posted in: , ,
  • Jamie Dimon, bonus king

    The recession is officially over for Jamie Dimon.

    The JPMorgan Chase (JPM) CEO just got a $17 million stock bonus for 2010. That is the richest reward for a Wall Street chief so far this bonus season and pushes Dimon's pay back toward the levels that prevailed before the financial meltdown of 2008.

    The big payday comes after the bank posted a 48% profit gain for the past year. Investors are now waiting for JPMorgan to MORE

    - Feb 18, 2011 10:09 AM ET
    Posted in: , ,
  • Money for nothing at Goldman

    America's favorite bankers have outdone themselves yet again.

    How might you compensate management for a year in which profits plunged, you spent $550 million of shareholder money to settle a fraud investigation and your stock ended up more or less exactly where it started (see chart, right)?

    You might be tempted to nix raises or withhold bonuses to send a responsible message about linking pay to performance. But if so, you wouldn't MORE

    - Jan 30, 2011 8:25 AM ET
  • Goldman average pay slides to $430,700

    A trading slowdown at Goldman Sachs is hitting the firm's employees where it counts.

    The average paycheck at Goldman (GS) tumbled 14% from a year ago to $430,700, according to numbers released Wednesday by the firm in its fourth-quarter earnings release.

    The decline is in line with the 13% drop in 2010 revenue at Goldman. Its top line tumbled to $39.2 billion from $45.2 billion a year earlier, as market-making income plunged MORE

    - Jan 19, 2011 9:47 AM ET
    Posted in: , , ,
  • Goldman bonus pool looking shallower

    The days of the $500,000 average paycheck are long gone, even at Wall Street's most gilded firm.

    So predicts a report issued Thursday by Credit Suisse analyst Howard Chen. He slashed his fourth-quarter earnings estimate on Goldman Sachs (GS) to $3.70 a share from $5.08, citing its latest soft trading quarter and higher non-compensation expenses.

    "Due to persisting choppy market conditions and our expectations for a weaker finish to 2010 MORE

    - Dec 30, 2010 11:52 AM ET
    Posted in: , ,
  • Global bonus watch: Ireland to Wall Street

    It's that time of year again -- time for holiday cheer, gift-giving, and bonus checks. Unless you're a banker in Ireland.

    At a time when big bonuses on Wall Street are once again expected to be plentiful, Ireland is reining in on bankers' bonuses as it deals with shoddy finances that nearly bankrupt the country.

    Earlier this week, Allied Irish Bank (AIB), the lender that is being bailed out by the Irish MORE

    - Dec 17, 2010 11:23 AM ET
  • Bonus rage returns: corrected

    Bonus rage is back.

    Elizabeth Warren (right), the White House adviser behind the Consumer Financial Protection Bureau, lashed out at the disparity between rising Wall Street pay and the deteriorating finances of the average American.

    She said the pay gap shows "we still have a problem" with out of control compensation during an anemic recovery, Bloomberg reported. She made the comments in an interview for Bloomberg Television that will be broadcast this MORE

    - Dec 10, 2010 12:23 PM ET
  • Felons get to keep Morgan Stanley bonuses

    Morgan Stanley just lost an arbitration case to two guys who make your typical pushy Wall Streeter look like Joan of Arc.

    The brokers are Julian Tzolov and Eric Butler. They came to minor fame two years ago, when the Securities and Exchange Commission sued them for ripping off their customers to the tune of $1 billion in a subprime bait-and-switch scheme.

    Since then, Tzolov pleaded guilty to securities fraud and is MORE

    - Aug 11, 2010 4:10 PM ET
  • Goldman bonus pool shrinks

    Even at Goldman Sachs, the bonus pool no longer looks bottomless.

    Wall Street's most gilded firm reported a big drop in second-quarter earnings Tuesday. The trading frenzy that fueled Goldman's profit rebound last year slowed sharply in the quarter ended last month, as investors stepped back from a turbulent market.

    But Goldman's bottom line isn't the only number that took a hit. Goldman's bonus pool shrank as well -- though it's worth MORE

    - Jul 20, 2010 10:13 AM ET
    Posted in: , ,
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by VIP.