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In addition, Morgan Stanley is planning to defer bonuses for high-earning employees, executives this week told managers in charge of compensation.
Robert Alvarez, a former department official and an authority on nuclear weapons manufacturing, compared the choice to putting tobacco companies in charge of compensation to smokers.
The bride's father is the vice president in charge of compensation and benefits in the New York office of Wellpoint, the Indianapolis holding company for health insurers, including Blue Cross Blue Shield.
Morgan Stanley this week told its managers in charge of compensation that it was rolling out a new plan that deferred bonuses for its high-earning employees, according to people briefed on the matter but not authorized to speak on the record.
It quotes one board member, who served on the compensation committee, as being surprised to learn that his questions about part of Mr. Grasso's compensation in 2000, made to the exchange official in charge of compensation, had been relayed to Mr. Grasso.
"My view is that you are going to see more companies implementing these types of programs," says John Moyer, a partner in charge of compensation consulting with Ernst & Young in Atlanta.
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Among Jack Welch's top tips for bosses: never put an academic in charge of your compensation committee.
Some settlers liken Yonatan Bassi, the religious Jew in charge of paying compensation to the Gaza settlers, to the Judenrat the Jews who collaborated with the Nazis.
The UN agency in charge of the compensation scheme revealed last week that only just over a third – £9m – of the £24m target had so far been raised.
The plan, which was written by Kenneth R. Feinberg, the official at the Treasury Department in charge of setting compensation for bailed-out companies, will be made public in a few days.
The pay package has received preliminary approval by Kenneth R. Feinberg, the administration official in charge of overseeing compensation for top executives at seven large firms bailed out by the federal government, according to the regulatory filing.
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