NEW YORK (Reuters) - Bonuses at Wall Street firms will rise 15 percent this year despite ongoing pressure from investors, regulators and politicians about compensation levels, according to compensation-consulting firm Johnson Associates Inc.
From trouble with securities regulators, to a failed high-stakes attempt to shake up the board at Wall Street giant JP Morgan Chase & Co. and a rising chorus of complaints they wield too much power — shareholder proxy firms appear to be under attack. Are these revered investor warriors losing their power to influence boardrooms and critical votes such as takeovers? Advisory firms meekly concede ‘maybe’, while the corporate community resoundingly says ‘no’. Securities watchdogs in the U.S.
Women are pulling ahead of men as the biggest holders of personal wealth in America, and the gap is widening. Still, the $8 trillion they own is usually invested by men, who handle the vast majority of funds under management.