Word: bonus
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...With bonuses typically accounting for up to 90% of annual pay, this year at least 1,500 Wall Street hotshots will earn $1 million or more in the year-end bonus bonanza. Says Alan Johnson, a New York compensation consultant: "This is the best year ever in terms of pay, probably 30% higher than the high point of the '80s." In the first nine months of 1996, any number of Wall Street firms had already earned considerably more than they did in all of 1995. In addition to brokering stocks, investment firms are benefiting from underwriting fees on a record...
Even a lower-echelon dealmaker or trader could drown in this year's bonus pool, filled by the huge flow of investors' money into Wall Street and by auction-quality bidding for talent. "It's like Madonna or Michael Jordan," exclaims Alan ("Ace") Greenberg, chairman of Bear Stearns and one of the Street's franchise players. This year Ace scored bonuses, on top of his cheesy $200,000 base salary, adding up to $18,840,701 in cash, stock and what a proxy statement calls "other compensation," more than double the pedestrian $8 million he got last year. And that...
More typically, an investment banker at the managing-director level who earned a $1.5 million bonus last year will collect between $2 million and $2.3 million this year. A midlevel bond trader may well draw $750,000, about 50% more than in 1995 (which was a very good year). At Morgan Stanley, bonuses will increase anywhere from 30% to 40%, with the biggest checks going to investment bankers who handled stock deals, and mergers and acquisitions...
Even those just joining the gold rush are sharing in the treasure. Goldman Sachs, Merrill Lynch and others are fighting one another to pay up to $125,000--plus the proverbial bonus--annually to newly minted investment bankers. Do they deserve it? Wrong question. Money is the way Wall Street keeps score, and the industry has been running it up. "This is America," is the answer of Bear Stearns' Greenberg. "If they get it, they deserve...
...Murder One (ABC) Chronicling three consecutive trials rather than a single one all season, the revamped legal thriller returned more clearly focused and more energetically paced. The real bonus? The arrival of Anthony LaPaglia as the brash, ethically messy Wyler...