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“#Morgan Stanley hikes starting pay for junior bankers to $100K” Morgan Stanley said it will start paying six-figure base salaries to its entry-level bankers as a rush of post-pandemic deals and short staffing have spurred crushing workloads. The Wall Street behemoth announced the $15,000 raise on Wednesday: First year analysts in investment banking and capital…
“#JPMorgan gives Jamie Dimon $50M to remain CEO for five years” Jamie Dimon has been at the helm of JPMorgan Chase since before the financial crisis — and the board doesn’t want him going anywhere. As a “special award” on Wednesday, the JPMorgan Chase board granted the billionaire CEO a trove of new stock options…
“#Another senior Goldman Sachs executive is leaving — and colleagues are vexed” Yet another senior executive is leaving Goldman Sachs — and, of course, his co-workers are once again putting the exit under a microscope. Michael Swell, head of global fixed-income portfolio management at the Wall Street giant’s asset management division, is set to retire…
“#Amazon to grant new CEO Andy Jassy over $200 million in stock” Amazon plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. Amazon will record the grant of 61,000 shares on July 5, the filing…
“#Activision Blizzard CEO nabs $155 million pay package” Shareholders approved the $155 million pay package for Activision Blizzard Inc Chief Executive Robert Kotick on Monday by a 54 percent margin, after the company took the rare move of delaying its vote on executive compensation by a week. The maker of popular video games including “World…
“#Palantir CEO becomes one of the highest-paid executives in history” The head of unprofitable data analytics company Palantir has become one of the highest-paid executives in history, raking in more than $1.1 billion in total compensation last year. Peter Thiel-founded Palantir — which conducts secretive data-processing work for US government agencies and corporate clients like…
“#Female CEOs saw ranks dwindle in 2020 as median pay for women chiefs slipped” Most of the women running the biggest US companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses. Despite those gains, however, the median pay for female chief executives actually fell in…
“#CEO pay rose to $12.7M in 2020 even as COVID ravaged economy” As COVID-19 ravaged the world last year, CEOs’ big pay packages seemed to be under as much threat as everything else. Fortunately for those CEOs, many had boards of directors willing to see the pandemic as an extraordinary event beyond their control. Across…
“#CEO at Johnson & Johnson COVID vaccine company got 51% raise” Emergent BioSolutions, the manufacturer at the center of the Johnson & Johnson coronavirus vaccine bungle, gave its chief executive officer a 51 percent compensation bump in 2020 — bringing his total remuneration to a whopping $5.6 million. On top of a lucrative $893,000 salary,…
“#Daily News nixes pandemic bonuses for journalists — but pays the bosses” The New York Daily News on Friday stiffed its journalists out of a modest bonus it had promised them for their hard work during the pandemic. The New York-metropolitan area newspaper, which has successfully delivered on its pledged bonuses to management, cited staffers’…