The cuts target Mr. Dimon's bonus compensation.
I think bonus compensation, commission compensation, robs people of their dignity.
A provision in that amendment limited any bonus compensation to 50 percent of the executive's salary.
When 2011's spring and year-end bonuses are added together, total bonus compensation actually exceeds this year's level.
His 2012 bonus compensation will also vest on May 5, the official last day of Mr. Taubman's 30-year career at the Wall Street firm.
Between 1998 and 2004, government investigators found, senior executives at Fannie had manipulated its results to hit earnings targets and generate $115 million in bonus compensation.
Government inquiries found that between 1998 and 2004, senior executives at Fannie manipulated its results to hit earnings targets and generate $115 million in bonus compensation.
After all, the European Union's law limiting bonus compensation, and the local regulatory efforts, are only coming to pass because these actions are not being taken in the boardrooms of the leading banks, or within their trade associations.
Under the terms of Mr. Lew's contract with Citi, he kept certain bonus compensation if he left for a "high-level position with the United States government or regulatory body," but not for a private sector competitor, said people with direct knowledge of the contract.
Under the terms of Mr. Lew's contract with Citi, he kept certain bonus compensation if he left for a "high level position with the United States government or regulatory body," but not a competitor in the private sector, according to several people with direct knowledge of the contract.
