Bonuses and incentives

In a pandemic-scarred year, boards and compensation committees at 60 large and regional banks relied less on the normal performance metrics and more on qualitative criteria to determine bonus payments.

Coronavirus has accelerated trends in advisor compensation as firms move to an ensemble model and enhance their benefits packages.

It’s enough to frustrate star traders, leaving them vulnerable to poaching by hedge funds willing to pay more.

Eligible full-time employees will get $600 before taxes while part-timers receive $300.

Bank tellers, call-center employees and support staff are part of the roughly 70% of American workers who don’t have the ability to work from home.

The company's bank tellers, call-center workers and support staff are part of the roughly 70% of American workers who don’t have the ability to work from home.

The unit was awarded a bonus pool that’s 5%-10% larger than last year, reflecting increased profits and assets, people familiar with the matter say.

“It’s like nuclear fallout. The bomb didn’t drop on you but you were within five miles of it," said Alan Johnson, managing director of compensation consultant Johnson Associates.

The advisor switched firms only to see his new employer close shop 18 months later.

The wirehouse last made changes to its compensation plan in 2016.

The firm has argued that a demand for emails and other records by the agency earlier this year was unduly burdensome.

The asset manager’s share price fell 24% in 2018 while institutions have pulled money from its investment products for three straight quarters.

Since Wells Fargo’s phony-accounts scandal broke in 2016, the bank has appeared contrite in public. In private, it’s a different story.

The firm aims to grow in private debt, infrastructure, global equities and real estate across the globe.

Bringing on new employees can spur growth, but can also complicate compensation structures.

Assets topped $6 trillion as investors continue to move money into passively managed funds.

Before making any changes to the compensation plan, find out what your partners value most. You may be surprised how agreeable they are.

Using only monetary rewards as the sole means of motivation is a missed opportunity to spur advisers to greater levels of production and productivity.

A FINRA arbitration panel decided that an amendment to the adviser’s bonus loan is “unenforceable.”

The bank's board is considering whether to withhold bonuses for CEO Tim Sloan and Chief Financial Officer John Shrewsberry.