*Watchdog eyeing audits of "letterbox" firms in UK. LONDON, May 29- Accountants still fail to question banks properly over how they make provisions for poorly performing loans on their books, Britain's auditing policeman said on Wednesday.» Read More
NEW YORK, Feb 21- Citigroup Inc said on Thursday it has overhauled an executive pay plan that shareholders rejected last year as overly generous, revising it to tie bonus payments more closely to stock performance and profitability.
NEW YORK, Feb 21- Citigroup Inc said on Thursday it has overhauled the executive pay plan that shareholders rejected last year as overly generous, revising it to tie bonus payments more closely to stock performance and profitability.
*Swiss to vote on limits to executive pay on March 3. ZURICH, Feb 21- The year is 2026. Switzerland is in a state of anarchy. Economiesuisse has cancelled the film's release, worried it could alienate voters ahead of a March 3 referendum asking the Swiss whether shareholders in public companies should have a binding vote on pay.
Davide Serra, founding and managing director at Algebris Investments, tells CNBC that banks must cut compensation in order to build capital.
Goldman Sachs awarded a dozen senior executives more than 700,000 restricted shares worth nearly $100 million as part of their 2012 bonus awards.
Joris Luyendijk, anthropologist and journalist at the Guardian discusses the social behavior of bankers and suggests that they are a form of 'tribe' and bonuses are the 'totem pole they dance around'.
Jan 9- The board of American International Group Inc met on Wednesday to consider a lawsuit against the U.S. government over the terms of the company's bailout, a discussion directors defended as their responsibility but one that critics condemned as the height of ingratitude.
The CEO at Random House makes the holidays a little "greener" this season, promising all employees a $5,000 bonus to celebrate a profitable year - thanks to publishing, "Fifty Shades of Grey," by E.L. James. CNBC's Bob Pisani and John Carney, weigh in.
If you’re considering giving your staff a gift or throwing a party this holiday season, here’s a tip.
U.S. companies may be paying out big dividends, but they’re holding the line with executive bonuses.
CNBC's Mary Thompson explains why many large firms are hesitant to pay employees an early bonus to avoid a bigger tax hit next year.
Wall Street employees, whose paychecks have often been cut in recent years, are likely to get a slight bump in their bonuses this year. The catch: the increase will come on top of one of the worst years for bank pay in recent memory.
Squawk Box Europe anchor, Steve Sedgwick and Otto Dichtl, managing director at Knight Capital Group debate whether the banking industry is going through a mass front office cull, that will never come back.
"In a normal year before 2008 you’d find 20 percent of the £2 million-plus market was ‘City money’," says a London real-estate agent.
The structure of compensation needs to change at the banks and paying bankers in fixed income securities may be one day to reduce risk, Sallie Krawcheck, former Bank of America Merrill Lynch, Global Wealth Management president, told CNBC’s “Squawk Box” on Friday.
"Without knowing why or how, we seem to have hatched our own oligarchs, and we stand aghast and bewildered at this flock of monstrous cuckoos," author Ferdinand Mount writes.
Shareholders in Barclays have forced the British bank to accept tougher bonus conditions and promise higher dividends, highlighting how the balance of power between investors and managers is shifting at some of the biggest global banks, the FT reports.
CNBC's Kate Kelly reports that Paulson & Company is slashing the key incentive level for employee bonuses.
The Lloyds Banking Group bankers forced to pay back some of their bonus payments are unlikely to be the last bankers made to repay remuneration, as claw-backs become increasingly popular.
CNBC's Phil LeBeau has the details on GM cutting benefits for its workers.