Reuters reports that Merrill Lynch remunerated top executives with more stock and less cash in bonuses in 2001.
Cash bonuses for David Komansky and down to executive and senior vps are believed to have been limited to $1m.
Komansky's bonus in 2000 was $15.6bn.
Pay for top executives at investment banks fell substantially in 2001 due to adverse trading conditions.
Executives Lose Out At Merrills
'Gang Of One' - The True Story Of How A Successful Banker Coped With Prison Life
'The End Of Normal' - The Stigma Of Being A MadoffNews RSS Feed Like us on Facebook Linkedin Follow us on Twitter
Videos
Latest in Business
back-up- 'Old Traders' - Chapters I - IX
- Disbelief As Greek Politicians Delay Deal On €130bn Rescue Package
- Featured Recruiter - NJF Search
- Featured Training Company of the Month – PRPi Training Limited
- Recruitment Firms We Like
- London Deals - Max Hence Bespoke Suit, Cinema Tickets, Barbican Jazz, Charterhouse Bar, Luxury Beverages, Candle Crafts, Yoga Sessions
- Firms Consider Stopping Annual Bonus Awards
- Last Week's Biggest Losers
- Goldman Bosses Get Bonus Cuts, Firm Looks For Growth In Europe
- PIMCO Announces EVP, SVP & VP Promotions
- 35th Annual Empire State Building Run-Up
- Bob Diamond Comp, Goldman, Julius Baer, Lazard, MF Global, Hedge Funds
- AG Announces Major Lawsuit Against Largest US Banks For Deceptive & Fraudulent Use Of Electronic Mortgage Registry
- Bankers Warned Of Carnage & Urged Not To Bother Going To Work
- Who To Blame For The Great Recession ? So Many Big Names Are In The Frame
- BofA, BNY Mellon, Carlyle, Goldman, MF Global, John Paulson, Allen Stanford
- Here Is The City Hits New Readership High - 414,059 Unique Users
- RBS Chairman Defends Stephen Hester's Near-£1m Bonus
- Top Firm Said To Be Cutting Bonuses & Jobs
- UBS Faces Formal FSA Investigation After Kweku Adoboli Charges
- Ex-MF Global Chief Risk Officer Says He Expressed 'Concerns' & Urged 'Caution'
- Ed Miliband's Speech On Banking - Pay 'Too Big, Too Often'
- MF Global 'Board And Senior Management Were Highly Sophisticated'
- BofA, Credit Suisse, Jefferies, MF Global, RBS, UBS
- Changes To UBS Board Of Directors
- Barclays, Bank Of Nova Scotia, Blackstone, Deutsche, Evercore, JPMorgan, MF Global, UniCredit
- M&A & Capital Markets Snapshot
- Financial Services Authority Asks For £78m More In Funding
- CEO Admits That Firm Broke Bonus Promise
- Deutsche Bank 2011 Compensation Details Now Out
- SEC Charges Former Credit Suisse Investment Bankers
- Letter From Mark Zuckerberg In Facebook IPO Filing
- Citi, Credit Agricole, Goldman, JPMorgan, Morgan Stanley, Nomura, Societe Generale
- FaceBook IPO - The Best From Around The Web
- Tory MPs Call For More Knighted Bankers To Get Fred Goodwin Treatment
- Jefferies Acquires Hoare Govett From Royal Bank Of Scotland
Features
- And The Best Place To Work In The Global Financial Markets 2011 Is...
- The Top 100 Financial Markets Firms 2011
- Recruitment Firms We Like
- Execuzen - Best Search Firm 2011
- Eximius Group - The Best Contingency Recruitment Firm 2011
- Hays Financial Markets - Best Temp / Interim Recruitment Firm 2011
- Holmes Search - The Best Compliance Recruitment Firm 2011
- Huxley Associates - Best HR Recruitment Firm 2011
- Selby Jennings - The Best Front Office Recruitment Firm 2011
- Selby Jennings - The Best IT Recruitment Firm 2011
- Selby Jennings - The Best Risk Management Recruitment Firm 2011
- Tay Associates - Best Secretarial / PA Recruitment Firm 2011
