BROWSE BY TOPIC
Stories of Interest
- Stephen Hicks Barred for Defrauding His CT Hedge Funds - SEC
- Barclays CEO Staley Sees Pay Decline - Frankly, He's Lucky to Still be Employed
- Barclays Female Investment Bankers Earn 21% Less in Bonuses than Male Counterparts
- FINRA Eliminates $400 Fee for Explained Arbitration Decision
- SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures
- SEC Charges Former Bitcoin Exchange and Its Founder With Fraud
- JPMorgan Chase to Replace NYC Headquarters with 70-Story Skyscraper
- Citigroup Raises CEO Corbat's Pay 48% to $23Mn
- Should Congress Create a Crypto-Cop?
- JPMorgan Weighs Buying an Exchange-Traded Funds Firm
- Hey, Goldman Sachs: Wanna Buy BNY Mellon?
- SEC Order Rejecting Acquisition of Chicago Stock Exchange (CSX) by Chinese-Baesd Company
- Kyle Moffatt Named Chief Accountant in SEC CorpFinance
- SEC Suspends Trading in 3 Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
- Karen Garnett, Assoc. Director of SEC CorpFinance, to Leave After 23 Years of Service
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
Credit Suisse Lost Nearly $3Bn, Yet Paid CEO $8Mn in Bonuses. Sheesh!
[Photo: CS Zurich Office / Forbes.com]
Not everyone agreed with the Credit Suisse Board of Directors' decision to award CEO Tidjane Thiam $12 million in compensation for 2016. As noted in the bank's Annual Report for 2016, the CS Compensation Committee opted to look past back-to-back annual losses and instead focused on Mr. Thiam’s progress and successful efforts - which were undeniably commendable. [See Financialish, 3/24]
One critic of the decision was Dominic Elliott, a columnist at Reuters Breakingviews. He suggests a range for Thiam of no bonus to just one-half of his actual $8 million bonus, based on the facts that he failed on such metrics as adjusted profitability, shareholder returns, and delivering on the bank’s strategy and leadership.
Apparently the hunting season is still in session for European bank CEO's.
[Click link to continue reading.]