N Chandrasekaran, MD & CEO of Tata Consultancy Services, discusses the better-than-expected net profit for the last fiscal year and explains the motivation behind the one-time bonus for employees.» Read More
They say, "The rich get richer" – and that's never been more true than this year, with Wall Street handing out record bonuses of well over $20 billion. On CNBC’s “Morning Call” Michelle Caruso-Cabrera examined whether those huge bonuses stem from greed or good ol’ capitalism. Edward Wolff, NYU Professor of Economics, believes bonuses are a large factor in the inequality between rich and poor.
In the world of alternative investments, they use alternative methods of compensation. Base and bonus don't accurately represent what these folks are making. Hedge fund pay, the focus of my Power & Money report today, is the perfect example. The average pay for a CEO was $4.5 million, according to Infovest. The average pay for a portfolio manager: $2.5 million. But what these numbers don't include is the fattest part of the paycheck...
We've been talking all week about the big year end cash and stock bonuses Wall Street executive are getting--some of them topping $50 million. But starting today--everyone will be able to find out what other perks company execs are getting--like the use of a company jet. CNBC's Hampton Pearson on "Morning Call" had the details.
Wall Street continues to buzz about the massive $16 billion in bonuses paid to Goldman Sachs executives. But amazingly--there is a line of thinking that maybe Goldman execs might not have been paid "enough." That's right--not enough. CNBC's Senior Economics reporter Steve Liesman was on "Morning Call" to discuss this way out contrarian argument.