report shows, Morgan Stanley's third quarter net profit of $498000000, or 38 cents per share,louboutin, beating Wall Street analysts expected 27 cents per share,hollister, profit for the first time in a year. Although the quarter profit than the same period last year 91% decline, but Morgan Stanley still plan in the third quarter of $5000000000 as at the end of the year to draw bonus purposes,air jordan, so that the bonus amount to 10900000000 dollars.
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in addition, Wells Fargo and black rock group also released third quarter financial results,ralph lauren pas cher, respectively, to achieve profitability.
of Morgan Stanley $10 billion at the end of
involves the cuts are AIG, Citigroup, Bank of America, GM, Chrysler, Chrysler Financial Company and General Motors Acceptance Corp. The bonus
source said,louboutin pas cher, according to Feinberg's plan,louboutin pas cher, the 25 highest paid executives of the 7 companies cash salary will be reduced by an average of 90%,nfl jerseys, total compensation includes various subsidies,louboutin, dividends, it must be cut in half. Part of the cash compensation executives will be replaced, the stock can not be sold.
crisis since the outbreak of the United States of America enterprises, well-paid executives criticized, especially some assistance from the government of the enterprise still bonuses,hollister pas cher, triggering a strong condemnation of public opinion. The United States Treasury Secretary Geithner said, those who received government bailout money, hundreds of millions of dollars in bonus payments is "a very angry". Buffett also said on Tuesday, Wall Street practitioner compensation must be lowered. 7 enterprises
, however,hollister, had already returned to government aid Goldman and J. P. Morgan will not be the program limits. Since the beginning of this year, total compensation for employees of Goldman Sachs have reached US $16700000000,hollister france, each employee is average salary of $500000. And JP Morgan chase in the first 9 months of this year set aside $8790000000 as its investment bank department employee salary and welfare reserve. Since the
comprehensive report on Morgan Stanley Wednesday announced the 2009 fiscal year third quarter, a year after the financial crisis successfully achieve profitability. The
comprehensive report on the United States government sources said 21 days, in the negotiation with "pay czar" Andrew Feenberg, Citigroup and Bank of America and other 7 received government aid executives total compensation will be reduced by an average of 50%.
previously,louboutin pas cher, Feinberg already in October 2nd the American International Group (AIG) new CEO Robert Benmosche salary? With the plan, his salary is divided into two parts, part of the cash salary is $3000000, the other part is in five years cannot deliver a $4000000 stock. "Pay czar" also require AIG to $198000000 in reduced retention bonuses and retention allowances. In addition, he also put pressure on the Bank of America, forcing it to CEO Kenneth? Lewis gave up a basic salary of $1500000 in 2009, but returned about $1000000 in compensation to the Bank of America has.
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