As bonus announcement period is approaching, let’s review the top earners among investment banks in 2006.
Do You Want to be An Investment Bank CEO Or a Trader?
Guess who’s making a 9-digit income – a CEO or a trader. Read this post. Also read this.
Top Players at Top Investment Bank - Goldman Sachs - 2006
Driss Ben-Brahim – proprietary trader – London
Pierre-Henri Flamand – principal strategies trader - London
Morgan Sze – principal strategies trader – Hong Kong
City: Hong Kong
Firm: Goldman Sachs
Estimated Income: $75-$100 million
Source: Trader Daily, April 2007
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How Much Does a CEO Earn?
In my last post, I mentioned the recently retired ANZ CEO John McFarlane. Rarely a CEO’s employment contract is published, but here is Mr. McFarlane’s.
Key terms of Mr. McFarlane’s contract extension are:
• a one-year extension to Mr. McFarlane’s existing contract until 30 September 2007
• fixed annual remuneration of $2,000,000
• target variable annual remuneration of $2,000,000 linked to annual performance
• long-term incentives, subject to shareholder approval at ANZ’s 2004 Annual General Meeting, comprising 175,000 Performance Shares. The shares will vest, subject to achieving performance hurdles in the period from 31 December 2006 to 31 December 2009. The total value of the proposed grant is estimated to be $2,500,000.
Source: ANZ press release 26 October 2004
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