(Last week, Johnson Associates, a provider of compensation consulting services, presented a review of the financial services industry in 2024 and initial thoughts on compensation and related developments for 2025. Some of the key matters covered included the layoffs of 2024, the convergence of public and private markets, technologies impacting headcount and the surprises so… Read More >>
Bonus-Worthy Gadgets: A Smart Collar for Your Pooch?
(Editor’s Note: FTF News was fortunate to get time with Terry Anderton, the founder and CEO of Wagz, a company that launched the Wagz Freedom Smart Dog Collar, which sells for $249.00. The device does not use electric shocks to keep your dog from straying. Instead, this dog collar applies more humane methods to stop… Read More >>
Fidelity Offers Buyout Plan for 3,000 Senior Employees
Online brokerage giant Fidelity Investments has launched a voluntary employee buyout program that is targeting 3,000 staff members who are 55 years or older and have logged a decade or more of service. The move will allow the firm to create opportunities for mobility for younger, less senior staff members and facilitate the next chapter… Read More >>
SEC Mulling ‘Claw Back’ Rules
The so-called “claw back” provision of the Dodd-Frank Act – which would allow securities firms to take back executive compensation resulting from fraudulent or otherwise inaccurate financial statements – is one of the few parts of the massive 2010 law that still hasn’t been turned into an actual rule yet. That might change soon however,… Read More >>
Middle- and Back-Office Pay Edges Upward
Base salaries and bonuses in the middle- and back-office are continuing to edge closer to the pay packages of those in the front office, a trend that’s been unfolding ever since the financial crisis. However, large discrepancies remain among banks for middle- and back-office wages, a new report finds. Salary benchmarking site Emolument.com recently released… Read More >>
