Posts Tagged “pay cuts”
Gorman Says Wall Street Workers Are ‘Still Overpaid
by Wall Street Job Report on October 5, 2012
Morgan Stanley Chief Executive Officer James Gorman said banks need to cut staff and compensation as “the industry is still overpaid,” according to an interview with the Financial Times.
Wall Streeters Are Likely To Take Pay Cuts Instead Of Getting Laid Off This Year
by Wall Street Job Report on October 1, 2012
Wall Street firms will choose pay reductions over job cuts to limit expenses this year, said Betsy Graseck, a Morgan Stanley bank analyst in New York.
Lazard Will Cut Costs, Cut Pay
by Beth Connolly on July 27, 2012
In order to cope with troubles from Europe, Lazard plans to cut its costs, including banker pay and bonuses. The bank declined to give specifics and said it would wait until bonus season to disclose the full pay cuts. But (…)
As Always, Wall Street Execs Game the System
by Beth Connolly on March 20, 2012
If you thought that execs were taking a pay cut to deal with a new economic reality on Wall Street, think again. They’re striking it rich with stock option gain.s
RBS Caves to Political Pressure and Cuts Investment Bank Pay
by Adam Jameson on February 24, 2012
Bowing to intense political pressure from Prime Minister David Cameron, RBS cuts its bonus pool for investment bankers and lowered salary on average by 26%.
