"We may see more of such bonus decisions at the top of the tree," Andrew Oliver, managing director at Profile Search and Selection, an executive search company in Hong Kong, said on Monday.
Bonus decisions won't be finalized til year-end and JPMorgan, which typically pays less than competitors, is not necessarily an indication of how pay across Wall Street is changing.
With so many seasoned veterans, from Schlumberger, Shell and elsewhere on Transocean's board and its remuneration committee, the bonus decision amounts to a broad indictment of the energy industry's attitude.
As it is, fewer than 100 RBS investment banking staff would be affected by the bonus decision, as RBS has reduced the size of its investment banking arm by about three-quarters since 2007.
Further, participants given supplemental graphical displays exhibited lower judgment consensus and lower consistency between performance evaluation and bonus allocation decisions than those using supplemental tables.
Providing supplemental tabular displays did not improve judgment consensus, relative to viewing separate displays, but did improve consistency between performance evaluation and bonus allocation decisions.
That shift applied to pay and bonuses, promotion decisions among middle managers and the lack of workplace diversity in a pinstripe, sexist world.
The judge added that the filings Monday by the S.E.C. and Bank of America raised more questions than they answered, and set a deadline of Sept. 9 for both parties to come back with fuller explanations of who should be held accountable for the bonus disclosure decision.
"Without annual net income, Scrushy could not have had the opportunity to earn the target bonuses," the decision by Justice Champ Lyons Jr. stated.
The bank said no awards had yet been granted in relation to the 2012 bonus pool as "decisions regarding incentive awards are not taken by the remuneration committee until the performance for the full year can be assessed".
Table 9 Bonus taxes, investment decisions and capital structure References Model Research question Tax-related effects Inderst and Pfeil (2013) Binary multi-task model with moral hazard What is the relationship between loan quality, management compensation and securitization in financial institutions in the presence of a bonus tax on short-term compensation?
