Word: compensationitis
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The big, big gainers, Kaplan and Rauh found, were on Wall Street. At least 2,500 people at major investment banks made more than $2.5 million a year, they estimated, acknowledging that the actual figure was probably substantially higher. They couldn't nail down numbers for private-equity firms, hedge...
Rising pay on Wall Street was the biggest single contributor to the shift. "This was all market-oriented," says Kaplan. "Part of the reason you saw such a big increase in pay over time was just an increase in scale." The sums of money managed and size of transactions arranged...
• Helped put together a union contract with Goodyear Tire & Rubber Co. in 2003 that could shed light on how he might approach the car industry. The deal includes executive compensation limits and provisions to preserve American jobs.
Last week, a special court ruled that parents of autistic children were not entitled to compensation from the National Vaccine Injury Compensation Fund. The ruling was in response to three cases, each of which involved parents who claimed that their children’s autism was brought on by the...
The most obvious way for a financial firm to end run the new government rules is to give its top money makers huge base salaries and move the compensation system almost totally away from one that depends on bonuses. Congress and the Administration won't like that. Count on any...