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AllianceBernstein Extends CEO's Employment Contract

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AllianceBernstein has announced that Peter Kraus, Chairman and Chief Executive Officer, and AllianceBernstein have agreed to extend the contractual term of his employment for an additional five years, commencing in January 2014, when his existing contract expires, through January 2019.


BofA, JP Morgan, Merrill Lynch, RBS

Well, Bank of America (BofA) might well have had to shell out $460m to settle that WorldCom bondholders lawsuit and another $675m to settle US mutual funds probes in 2004, but boss Kenneth Lewis still got a bigger bonus last year.