BROWSE BY TOPIC
- Bad Brokers
- Compliance Concepts
- Investor Protection
- Investments - Unsuitable
- Investments - Strategies
- Investments - Private
- Features/Scandals
- Companies
- Technology/Internet
- Rules & Regulations
- Crimes
- Investments
- Bad Advisors
- Boiler Rooms
- Hirings/Transitions
- Terminations/Cost Cutting
- Regulators
- Wall Street News
- General News
- Donald Trump & Co.
- Lawsuits/Arbitrations
- Regulatory Sanctions
- Big Banks
- People
TRENDING TAGS
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
FOLLOW US
From $17,000 to $24 Million: Defending the Pay Gap at Banks
by Howard Haykin
Those remarks came during a Thursday morning interview on CNBC’s Squawk on the Street, in which Michael Corbat reiterated the position he expressed last month about income inequality at large U.S. corporations during a Congressional hearing. [CNBC]
Mind you, this is the same individual who said that the widening income gap in the U.S. ranks high on the list of things that keep him up at night. In his defense, it should be noted that Citigroup has been increasingly taking stances on prominent social issues. For example, it’s the only major U.S. bank to disclose an unadjusted analysis of the pay gap between its female and male employees. [Bloomberg]
That said, Mr. Corbat isn’t even the highest paid among Wall Street CEOs or among financial institutions.
- At JPMorgan Chase, the largest U.S. bank, CEO Jamie Dimon got $31 million for 2018, while Brian Moynihan of Bank of America got $26.5 million. [TheStreet]
- And consider the estimated $2 billion in compensation that Bridgewater’s Ray Dalio earned in 2018. That figure placed him at the top of the world’s richest hedge fund managers. [NYTimes] [Institutional Investor]
