Wall Street bonuses running neither hot nor cold
Wall Street Shut Down 2011 Shankbone by david_shankbone
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
"The revenues of these firms just aren't good enough. There's a pretty good alignment between pay and performance," said Alan Johnson, managing director at speaking with firm Johnson Associates Inc
. In its quarterly study of incentive-based settlement at financial firms, Johnson Associates found that the total photo is flat to slightly better. Senior supervisors, for example, are projected to earn between 5 percent less or 5 percent more in stock and cash awards this year than they did in 2011. The report highlighted variations within this total assessment. Improved efficiency in areas like fixed-income investing and asset management were offset by a drop in banks' equities businesses. "This year has been a difficult year for Wall Street," said David Treussard, executive vice president and global financial services practice team leader at executive search firm DHR International.
People:
Alan Johnson
Overall Sentiment: 0.301916
Relevance: 0.783522
| Sentiment | Quote |
|---|---|
| 0.338819 | “The revenues of these firms just aren’t good enough. There’s a pretty good alignment between pay and performance,” said Alan Johnson, ... |
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David Treussard
Overall Sentiment: 0.185235
Relevance: 0.643062
| Sentiment | Quote |
|---|---|
| -0.340665 | "This year has been a difficult year for Wall Street,” said David Treussard, ... |
| 0 | “Nothing’s been great. Everyone was expecting more M |
| 0 | A activity... we haven’t seen it,” Treussard said. ... |
| 0 | “Nothing’s been great. Everyone was expecting more M |
| -0.143183 | A activity... we haven’t seen it,” Treussard said. “I think every manager in banking right now is getting ready to have pretty tough conversations with their people, because it’s not going to be a great year.” |
| -0.0797824 | Treussard said. “I think every manager in banking right now is getting ready to have pretty tough conversations with their people, because it’s not going to be a great year.” Financial firms were responding to lower demand from the still-weak economies in the U.S. and Europe by cutting operational costs and reducing headcounts, Johnson said. “Firms have finally come to the realization that they need to be smaller.” |
| 0.281731 | “Now, fixed income is a pretty robust business because it’s not a very risky business,” Treussard said. ... |
| 0.155462 | “Now, fixed income is a pretty robust business because it’s not a very risky business,” Treussard said. “Equities, it’s a different story. You have much higher risk, much higher volatility in the market.” |
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Additional Info:
Country: U.S.
Overall Sentiment: -0.101943
Relevance: 0.33615
Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmEditorReferences:
Continent: Europe
Overall Sentiment: -0.05348
Relevance: 0.32353
Disambiguation: References:
Company: Johnson Associates Inc
Overall Sentiment: 0.0805821
Relevance: 0.645238
Company: DHR International
Overall Sentiment: 0
Relevance: 0.340887
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