Partner Dan Laddin weighs in on Jay Clayton’s high compensation as lead independent director, noting that it is more akin to that of a non-executive chairman. Clayton is one of the most high profile additions to Apollo and reflects the firm’s recent effort to strengthen its corporate governance.
Senior partner Rose Marie Orens points out the Fed interaction with some firms on their relative performance issues related to compensation and potential maximum bonus payout opportunities.
Senior Partner Rose Marie Orens says financial firms are trying to be smarter about reining in big paychecks that do not take into account the long-term performance of risk-taking by employees.
Obama administration pay czar Kenneth Feinberg plans to review past compensation at 419 companies that received bailout funds, including JPMorgan Chase (JPM.N), Goldman Sachs (GS.N), according to a source close to the Treasury Department.
Senior Partner, Rose Marie Orens makes a guest appearance on Reuters Insider.