Top Firm To Be 'Bonus Free' In 2009
More in BUSINESS NEWS
back-up- Meet Goldman Sachs' Newest Managing Directors
- Geithner On Financial Regulatory Reform
- Free Job Postings Until 31.03.2010
- Bank Tells Staff To Knock Off Early To Make Babies
- 'Do I Seem Like A Guy Who Throws Chairs ?'
- Best Place To Work Update
- Office Humour - Warning, Some May Find This Offensive
- City Bankers Prepare For Disaster Scenario
- John Thain Defends Wall Street Bonuses
- Click Here To Register For Free News E-Mail Alerts
- Lazard Names New CEO
- Top Firm Told To Give Up Bonuses
- Government Accused Of Botching Major Bailout
- UBS Reveals Its Hand
- The Dash For Trash
- Too Big To Fail
- 'Sorry - But Christmas Is Cancelled'
- Regulator To Have Power To Tear Up Banker Pay Contracts
- IT Programmers Accused Of Being Madoff Accomplices
- Cityboy On Corporate Social Responsibility
- Top Firm To Unveil Turnaround Strategy
- The Obvious Candidate To Succeed Ken Lewis Is Ken Lewis
- Quit The UK To Avoid Higher Taxes - Poll Results
- Bankers Forced To Take Second Jobs To Make Ends Meet
- Goldman Kitten Payments Go A Stray
- More Compensation News
- Best Place To Work 2010 - Vote Now
- Banker Eye Test
- Goldman Sachs - View From The Top
- The Lloyd's Prayer
- Exec Claims Hedge Fund Boss Hired Hit Man To Kill Her
- $125m-A-Year Banker's Wife Says She Was Treated Like 'Mail-Order Bride'
- 'The Sell Out'
- 'Many Of You Have Seen Life Savings Vanish'
- Tough Times For Expenses - £5 For Lunch
- Tragic Banker Rehearsed Suicide Before Killing Himself
- Bear Stearns Fraud Case - The Verdict
- Even More Compensation News
- CEO Says That History Will Vindicate Him
- Traders Desperate To Get 'The Clap'
- Reservoir Gods
- Who Was Mr Angry During The Financial Crisis ?
- JPMorgan Chase Compensation Letter
- Regulator Warns - 'Yes, That Does Mean People Go To Jail'
- Brokers Complain Of Bailed-Out Banks Bullying Tactics
- Best Place To Work - Previous Winners
- Best Place To Work 2009 Results - The Top 100 Firms
- CEO Says He Could Top Himself & People Would Cheer
- Top Firm Hires 78-Yr-Old / Ex-Boss Says 'Sorry' For Citigroup
- Top Firm Said To Be At Loggerheads
Related Content
- Firm Wins Bonus Case (22/10/2009)
- Some Firm Bonus Payouts May Come Earlier For This Year (31/08/2009)
- Bailed Out Firm Gave Kitchen Assistant Retention Bonus! (14/10/2009)
- Top Firm Said To Be At Loggerheads (09/11/2009)
- Top Firm Said To Have Got Its Timing Wrong (Again) (26/08/2009)
- Mass Defection At Once-Top Firm (13/10/2009)
UBS has recently increased the base pay of senior staff, placing less emphasis on bonuses. In common with many other firms in the industry, the firm is also changing its compensation structure to ensure that bonuses are geared more to the long-term performance of the bank.
In the meantime, The Guardian reports that investors are not entirely happy with the structure of the new bonus scheme in place for top executives over at Royal Bank of Scotland (RBS), which is 70% owned by the UK taxpayer. Firm CEO Stephen Hester and a few cohorts were recently given stock awards which are tied to performance, yet there is a suggestion that the criteria isn't stretching enough, and Hester & Co are being encouraged to go back to the drawing board.
And staying with RBS, The Independent is predicting more aggravation this week, as Richard Rae is thought likely to take his 20-strong team from bank-owned Hoare Govett should he (as expected) leave for pastures new. Rae runs Hoare Govett's small companies research unit.
Finally, The Times reports that Barclays President Bob Diamond's family charity, the Diamond Family Foundation, is fresh out of funds, after having been extremely generous with its pledges. The foundation is said to be looking at a funding shortfall of some $3m, but Bob has come to rescue and said he will make good any shortfall. What a guy!
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.











