Former Dewey Partners to Return Millions
Former partners at Dewey & LeBoeuf agreed on Thursday to return more than $60 million of their compensation to help pay the failed law firm’s creditors.
View ArticleHow Local Tax Rates Affect High-Income Professionals
What impact do high state and local taxes have on Wall Street executives and fund managers? The example of professional athletes offers some insights.
View ArticleDeferring Six Figures on Wall Street for Teacher’s Salary
Teach for America, the nonprofit organization that recruits high-achieving college graduates to teach in some of the nation’s poorest schools for two years, has garnered renewed interest among would-be...
View ArticleMorgan Stanley’s Chief Gets a Base Salary Raise
The base salary for the Morgan Stanley chief executive almost doubled in 2012, but his overall pay package is down, according to a filing on Thursday with the Securities and Exchange Commission.
View ArticleWall Street Pay Rises, for Those Who Still Have a Job
The average cash bonus for people employed in New York City in the financial industry rose by roughly 9 percent, to $121,900, in 2012, the New York State comptroller said.
View ArticleTip Bankers Like Waiters
Forget about Europe’s proposed bonus rules. Instead, why not put a ceiling on banker salaries and let clients reward good service, just as they do in restaurants?
View ArticleHedge Fund Titans’ Pay Stretching to 10 Figures
A number of the hedge fund leaders who had giant paydays last year earned their riches the old-fashioned way: by posting big returns on their investments.
View ArticleMario Gabelli, the $750 Million Man
Mario J. Gabelli, the chairman and chief executive of Gamco Investors, has made more than three-quarters of a billion dollars in total compensation.
View ArticlePayroll Cards Are Under Scrutiny by New York’s Attorney General
Eric T. Schneiderman, New York’s attorney general, has sent letters to 20 employers seeking information on the prepaid cards, whose fees can eat into an hourly worker’s pay.
View Article16 Senators Seek Inquiry of A.T.M.-Style Pay Cards
Instead of paper checks or direct deposit, employers are issuing A.T.M.-style cards that can have large fees associated with them.
View ArticleBank of New York Mellon Wins Sex Bias Case
The case involved a woman who was one of 11 people -- 10 of them women -- laid off by Bank of New York Mellon in 2010, and it was unusual that it ended up in court.
View ArticleBoies Schiller Again Pays Associates Generous Bonuses
The law firm is poised to pay bonuses of as much as $300,000 to some associates, with the average young lawyer taking home an additional $85,000.
View ArticleDespite Stock Market Exuberance, a Tempered Reaction
Hard lessons were learned by living through two huge bubbles, stagnating wages and an economy suffering from chronic fatigue syndrome, writes Jesse Eisinger.
View ArticleFor Goldman in Europe, a 3rd Way to Get Paid
To skirt caps placed on bonuses in Europe, the company will pay some employees a salary, a bonus and what it calls “role-based pay.”
View ArticleCameron Sees Technology as Unlikely Ally of Western Workers
Pointing to a small but growing trend, the British prime minister said some companies were reconsidering past choices and bringing jobs back home.
View ArticleIn Recruiting Game, Wall Street Still Competes
As this year's recruiting season begins, some college students say they are drawn to the challenge and fast-paced environment. Still others are, naturally, motivated by the high salaries that Wall...
View ArticleFormer Dewey Partners to Return Millions
Former partners at Dewey & LeBoeuf agreed on Thursday to return more than $60 million of their compensation to help pay the failed law firm’s creditors.
View ArticlePay Higher Wages, Earn More Profit
Tony Schwartz makes an argument in the Life@Work column for paying retail employees more and treating them better.
View ArticleEuropean Official Urges ‘Say on Pay’ Requirement for Boards
The European Union commissioner for financial affairs introduced a plan that that would require a shareholder vote on salaries awarded to directors of about 10,000 companies listed on European stock...
View ArticleInvestors Reject Chipotle Chiefs’ Pay Plan
More than 75 percent of the company’s investors voted against a plan that would have continued enormous payments to the two co-chief executives, though the result is not binding.
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