Masters of the universe at feeding time
Article Abstract:
Investment bankers, securities traders and equity salesmen may be paid two thirds of a 1 million pound sterling salary in the form of bonuses. These bonuses are related to profits, and some directors will be paid bonuses as high as 2 million pounds sterling in 1996, according to Monks Partnership's Joe Clark. The relationship between bonuses and performance appears to have gone wrong when employees are paid bonuses at a time when the company employing them has gone bankrupt. Bonuses are also distorting when they are greater than salaries by a factor of three.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
SFA probes complaints
Article Abstract:
Customers of Fidelity Brokerage Services have complained to the Securities and Futures Authority (SFA) about poor service. They claim that Fidelity has been slow to respond to their instructions and complaints. Fidelity argues that it has had problems with its computer system and the problems that have arisen have not been dealt with as rapidly as the company would like. Compensation is being paid to some customers seeking to invest in personal equity plans.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Exchange throws late spanner in the networks
Article Abstract:
The London Stock Exchange is opposing the launh of a service by ShareLink for share dealing on the Internet. ESI, an electronic publisher, is cooperating with ShareLink to allow investors to deal in shares with access to information. The Stock Exchange appears likely to prevent the broadcasting of share prices in real time using the Internet. The subscription charge for the service is 10 pounds sterling monthly, and users pay local telephone charges.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Societies sit tight. Building societies: mutual gains. Building societies join the international set
- Abstracts: Steady progress for the voluntary sector. Fat cats with big hearts. The Barings fallout for charities
- Abstracts: Fund managers as fruit flies. A professional thinks aloud. Regulator sees danger
- Abstracts: Steel's ups and downs. Steel defies analysts. Steel appeal
- Abstracts: Property is once more the investor's darling. Overseas investors venture beyond City