Category Archives: Bonuses & compensation
An apology over the proposed bonus cap
The proposed extension of the cap on bonuses to asset managers has exposed the true colours of MEPs in attacking bonuses: they just don’t like rich people. My latest column for Financial News I feel that an apology is in … Continue reading
Stephen Hester: the banker who works (almost) for free
If you think the chief executive of RBS gets paid too much, think again. He gets paid nothing like as much as the outraged headlines suggests… It is difficult to think of a better way of reigniting the moral outrage … Continue reading
Bonuses: in the line of fire again
The proposed cap by the European Parliament on bankers’ bonuses will have wide-ranging and unintended consequences A year ago, a proposal by the European Parliament to cap bankers’ bonuses at no more than one times fixed salary seemed like little … Continue reading
Full steam ahead at Goldman Sachs?
Is the decision by Goldman Sachs to increase compensation this year a) stupid b) stubbornly short-sighted or c) eminently sensible? Welcome back, Goldman Sachs. It may be too early to call a recovery just yet, but Goldman Sachs had plenty … Continue reading
The problem with investment banks – part 3: profitability
The investment banking industry has a problem. In fact it has at least three of them: a revenue problem, a cost problem, and a profitability problem. In the third of three articles to cheer you up after the summer break, … Continue reading
The problem with investment banks – part 2: costs
The investment banking industry has a problem. In fact it has at least three of them: a revenue problem, a cost problem, and a profitability problem. In the second of a series of three articles to cheer you up after … Continue reading
Wall Street has a problem with profits
With JP Morgan kicking off the second quarter earnings season for investment banks today, here is the third article in a series looking at the challenges facing investment banks. Whichever way you look at it, Wall Street has a problem. … Continue reading