We’d like to see them ramp it up now so they don’t get shocked in 2011.
Is Edward Jones changing their focus and joining the ranks of the wirehouses on Wall Street by pushing advisors to increase production?
Clawbacks And Beyond
March 25, 2009 By Leave a Comment
An interesting solution to fixing the bonus problems caught my attention in March 17 Wall Street Journal; “Real Time Economics” column, as reported by Justin Lahart.
It seems that some firms have already begun compensating executives by putting bonus money into an escrow account, or “clawback”…in other words, the money is there but you have to earn it with good performance.