Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Grumbling All Around

Wall Street bonuses are making front page headlines again, as the banks have had blockbuster years resulting in bonus payouts heading to levels surpassing the record payouts of 2007. I must admit, after the demise of Lehman, Bear and an independent Merrill, one would not have expected this turnaround so soon after we were at the edge of a global financial meltdown. Not surprisingly, the Feds and the media are going to have a field day bashing the banks as JQ Public and many businesses are struggling to recover. However, on the banking side, the bankers are also grumbling, as cash will be replaced by stock grants with longer vesting periods. At Goldman, the stock component of the payout will double over the percentage of total compensation, and will carry a five-year vesting schedule. The bankers aren’t happy, arguing they will have to wait longer for the award. I must say, no sympathy here. It seems to me that the stock approach is fair and reasonable, all things considered and equal.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
FOUR SQUARE PROPERTIES, INC. Senior Property Manager (UTAH) The senior property manager will perform administration of commercial retail and office leases; direct and ensure timely tenant billings of rents, quarterly CAM receivables and tax billings and timely collection of the same; prepare annual CAM receivables; and pursue default legal as needed; among other duties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.