We’ve Been Quoted

msnbc.com: Clawback provisions go mainstream, add reach   | It's still early in the year, but "clawback" could be the word that haunts bankers' dreams in 2012.After prodding from New York City comptroller John Liu, Goldman Sachs Group and Morgan Stanley recently disclosed details of the circumstances under which they could reclaim compensation from [read more]

Bloomberg: Jefferies Lets Bonus Recipients Swap Stock for Cash at 25% Cut   | Bank stocks slid last year amid concern that new regulations, stagnating economic growth and Europe’s sovereign- debt crisis would prolong an earnings slump. Jefferies’s offer, rare among rivals, gives workers a way to lock in payments amid that uncertainty, said Joseph Sorrentino, a managing director at [read more]

Bloomberg: Morgan Stanley’s Expanded Bonus Deferrals May Haunt Shareholders   | Multiple goals may go into the design of a compensation plan, such as curbing risk-taking or providing incentives for employees to stick around, said Joseph Sorrentino, managing director at Steven Hall & Partners. Still, managers understand the benefit of the savings that come from deferred [read more]

Bloomberg: Wall Street Mulls Partial Pay Freeze   | “There’s always the risk that people may go across the street for a better deal,” said Joseph Sorrentino, a managing director in New York at Steven Hall & Partners, an executive- compensation consultancy. Among junior bankers “you have some potential future stars and you want to make [read more]

The Major Gifts Report: Manage Effects of CEO Compensation on Major Fundraising   | Pay packages are now just a click away, and CEO compensation has become increasingly important to savvy donors. If this is an area of uncertainty in your organization, a key first step is clearly defining the board's roles and responsibilities in setting CEO pay, says Sandra [read more]

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