Your English writing platform
Discover LudwigExact(2)
The firms would have to defer a portion of bonus pay for these employees as well, it said.
However, in a system in which the same P4P program is applied uniformly to a large group of providers, absolute targets may not be very efficient because a substantial portion of bonus payments may be awarded to providers already at or above the targets.
Similar(55)
Goldman has long paid a portion of bonuses in stock.
Almost all of them now defer some portion of bonuses for three years, and some defer them for longer than that.
The deferred portion of bonuses is much bigger than it was; this money can be "clawed back" if the bank subsequently does badly.
The bank said a year ago that bonuses would no longer contain cash, a more draconian step than ones taken by most banks, which simply reduced the cash portion of bonuses.
Some Wall Street executives argue that paying a larger portion of bonuses in the form of stock, rather than in cash, might keep employees from making short-sighted decisions.
Many banks pay a substantial portion of bonuses in stock, rather than cash, and companies often have a multiyear delay between when those shares are awarded and when the employees can sell them.
And Commerzbank limited Mr. Blessing's annual salary to 500,000 euros and said it would look into paying a larger portion of bonuses in stock to help raise capital and improve its financial strength.
Increasingly Wall Street firms are deferring a portion of annual bonuses in restricted stock over several years so that an employee loses a portion of bonuses if he leaves.
The Financial Services Authority has favored paying portions of bonus in bank stock, which theoretically would give individuals an incentive to make sure the bank's performance remained strong.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com