$40 Million Bonus at Morgan Stanley
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Morgan Stanley, the investment bank, gave its chief executive, John J. Mack, $40 million in stock and options for 2006, the largest bonus ever awarded to a Wall Street chief.
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By Stan Choe   Associated Press writer  NEW YORK -- Investment banking firm Morgan Stanley on Wednesday said its third-quarter profit surged on stronger investment-banking and trading business, surpassing analysts' expectations.
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Blackstone Group issued compensation details for the first time on Monday, disclosing in a filing that CEO Stephen Schwarzman received nearly $400 million last year and stands to make at least $450 million after the private equity firm goes public.
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Procter &amp; Gamble said Friday its chairman received a $3.5 million bonus because of the company&#39;s strong performance. The bonus payment is in addition to AG Lafley&#39;s base salary of $1.
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Blackstone Group issued compensation details for the first time on Monday, disclosing in a filing that CEO Stephen Schwarzman received nearly $400 million last year and stands to make at least another $450 million after the private equity firm goes public.
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Morgan Stanley will pay $4.4 million to settle a class-action lawsuit with brokerage clients who bought precious metals and paid storage fees.
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Carly Fiorina, who was ousted  last week as chairman and CEO of Hewlett-Packard Co. HPQ.N,  will have received $45 million worth in stock options and  severance pay on top of her regular salary and cash bonuses  after five years at the company, a spokeswoman said on Monday.
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Goldman Sachs is to pay its staff more than Â£8bn in salaries, benefits and Christmas bonuses this year.
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By Christine Harper  Morgan Stanley gave its chief executive, John Mack, the biggest bonus ever for the head of a Wall Street firm, awarding him $40 million as the company headed for the best profit in its 71-year history. Mack, 62, was granted stock valued at $36.2 million as of Dec.
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By STAN CHOE  NEW YORK - Investment banking firm Morgan Stanley on Wednesday said its third-quarter profit surged on stronger investment-banking and trading business, surpassing analysts' expectations.
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China has agreed to pump $5 billion into Morgan Stanley as the U.S. investment bank reported a stunning fourth-quarter loss fueled by $9.4 billion of losses in subprime mortgages and other assets.
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The Financial Services Authority has brokered a Â£194m compensation fund for 40,000 investors who lost money in split capital trusts.
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Ernst &amp; Young LLP will pay $40 million to the US Federal Deposit Insurance Corp. and is finishing a settlement to pay $85 million to the Office of Thrift Supervision to settle a case involving
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Morgan Stanley , the world's biggest securities firm by market value, is offering its top-paid traders and bankers millions of dollars of incentives to avoid defections to rival banks and to attract new hires.
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Richard S. Fuld Jr., the chairman and chief executive of the brokerage firm Lehman Brothers Holdings, made $40.6 million in compensation last year after the company reported near-record profits, according to a regulatory filing yesterday.
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Blackstone Group issued compensation  details for the first time on Monday, disclosing in a filing  that CEO Stephen Schwarzman received nearly $400 million last  year and stands to make at least another $450 million after the  private equity firm goes public.
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Morgan Stanley  on Wednesday said its second-quarter earnings rose 41 percent to a new record, beating expectations on higher trading and investment banking results.