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2 mins read
JPMorgan hands Jamie Dimon a stock award potentially worth millions if he stays CEO for at least 5 more years
The bank's board gave Dimon 1.5 million stock appreciation rights, which will pay off if JPMorgan s…
Shalini Nagarajan
1 min read
Top economist David Rosenberg points to Microsoft's salary freeze as fresh evidence that US inflation is slowing
Microsoft's salary freeze and April's inflation report suggest price growth is cooling in the US, D…
Zinya Salfiti
2 mins read
Morgan Stanley's CEO is pushing for a return to the office and says employees need to give up on 'Jobland' and focus on 'Careerland'
Gorman told a Sydney business conference he's concerned it's harder to develop "career skills" whil…
Stephen Jones
2 mins read
Morgan Stanley gave a $20 million bonus to its incoming CEO, and to the 2 rival execs who missed out on the top job
Ted Pick was named the bank's new CEO, and rival candidates Dan Simkowitz and Andy Saperstein were …
Grace Dean
4 mins read
Does anyone want to stay in investment banking these days?
Everyone seems to want to make the switch to the buy side, whether it's PE, hedge funds or VC, whic…
Dan DeFrancesco
1 min read
Morgan Stanley CEO James Gorman is now the highest-paid bank executive in America following a 22% raise amid a record year for the company
Gorman's total pay increased to $33 million in 2020, passing the $31.5 million earned by JPMorgan C…
Tyler Sonnemaker
2 mins read
After GoAir and SpiceJet, IndiGo cuts salaries for employees — CEO says there was ‘no other option’
Airlines have been the worst-hit by the Coronavirus pandemic as both domestic and international tra…
2 mins read
Here's more evidence that even $100,000 starting salaries can't persuade graduates to sign up to Wall Street's grueling hours
Graduates told the New York Times that a long-term career in investment banking isn't an attractive…
Stephen Jones
1 min read
Why more Wall Street layoffs are coming, according to Lazard CEO Ken Jacobs
Wall Street bank Lazard says it will cut 10% of staff in 2023 and its CEO says that rivals could fo…
Jeffrey Cane
3 mins read
Margin recovery likely an uphill task for Infosys after Q1 shock
India’s second largest IT services company Infosys reported a sequential decline in its net profit …
4 mins read
Possibility of rival bids for Go Airlines? It is a hypothetical question: says CEO Kaushik Khona
Even though the Wadia group has approached the National Company Law Tribunal (NCLT) voluntarily to …
2 mins read
Credit Suisse tells staff to keep working and that salary and bonus will be paid 'as previously communicated' after UBS takeover deal: reports
Credit Suisse is also telling staff that their roles are "not immediately impacted" after UBS seale…
Huileng Tan
1 min read
Airtel Payments Bank rolls out 'Suraksha Salary Account' for MSMEs
These units employ large number of informal labour force who are not eligible for social and healt…
PTI
2 mins read
ShareChat's Moj forays into social commerce, advertisements and hopes its creators will earn $450 million in three years
Sharechat-owned short video app Moj is looking to help the creators on its platform generate $450 m…
2 mins read
Wells Fargo slashed CEO Charles Scharf's pay by around 12% last year
Wells Fargo & Co. cut its CEO's payment by around 12% as it continues to downsize its annual expens…
Fatma Khaled
4 mins read
Citi's next CEO — Wall Street's return to office — Banking bootcamp
Citi taps Jane Fraser as next CEO, a top alt-data buyer exits Coatue; Wall Street return-to-office …
Meredith Mazzilli
1 min read
Silicon Valley Bank workers were paid bonuses just hours before it collapsed, report says
CNBC reported that employees received their annual bonuses on Friday, just hours before regulators …
Sam Tabahriti
5 mins read
Ashneer Grover writes to BharatPe calling out CEO’s behaviour on LinkedIn, demands Rajnish Kumar’s resignation
Ashneer Grover — the former founder, managing director and chief executive officer (CEO) of BharatP…
4 mins read
The bloodletting at Goldman Sachs might not be done yet as the bank looks for more ways to cut costs
Goldman Sachs already reduced its headcount by 6%, but the bank could look to make even more cuts a…
Dan DeFrancesco
9 mins read
How congressional staffers pad their salaries and score higher-earning jobs on Capitol Hill
Members of Congress often like to hire directly from their congressional offices when it comes to b…