Directorship: Key Issues for REIT Directors in an Uncertain Market   | By Cheryl Soltis Martel Excerpt: Influence of Say on Pay and Peer Groups While the number of companies failing to pass say on pay has risen on a macro level, votes at only four REITs failed in 2012, noted Joseph Sorrentino, managing director of Steven Hall [read more]

Reuters: Morgan Stanley to defer high-earners’ bonuses   | By Nadia Damouni and Jessica Toonkel and Lauren Tara LaCapra Excerpt: NEW YORK (Reuters) - Morgan Stanley is taking three years to pay out 2012 bonuses to high-earning employees, three sources familiar with the situation said on Tuesday, a step that will better align incentives with shareholder interests and make it harder [read more]

Bloomberg: Wells Fargo Bets on Charlotte Trading After BofA Flees   | By Dakin Campbell Excerpt: Wells Fargo & Co. (WFC) is betting its securities business can thrive 600 miles from New York in the same city Bank of America Corp. (BAC)’s traders largely abandoned. ... Kobe Steak Dining also is less expensive. At 5Church, a restaurant frequented by bankers whose [read more]

Bloomberg: Wall Street Damps Pay Expectations After 2011 Bonus Shock   | By Michael J. Moore Excerpt:Wall Street banks are deflating pay expectations to avoid a replay of last year when cutbacks on bonuses and increased deferrals surprised bankers and traders....Traders’ PayTotal pay for investment bankers and traders industrywide probably will fall 8 percent, according to the Options Group [read more]