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Energy Transfer Equity

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Former Credit Suisse exec to earn $45 million stock bonus in new role

May 14 (PFI) - The former head of investment banking for EMEA at Credit Suisse will receive a stock bonus worth about US$45 million in today's terms from his new employer over the next seven years, according to a regulatory filing.Jamie Welch left Credit Suisse in early May to become chief financial officer and head of business development at Energy Transfer Equity , a diversified energy company based in Houston, Tx.Welch's annual salary at ETE will be US$550,000 with a guaranteed 100 percent bonus. He will receive 750,000 shares, currently priced at US$60 each, over the next seven years if he stays with the company.Welch started as a project finance lawyer at Minter Ellison in Melbourne and moved to Milbank Tweed in New York in the mid 1990. He later joined Lehman Brothers and then the project finance team at CSFB in 1997.He was named head of energy and moved to London last year.Credit Suisse named Marisa Drew and Ewen Stephenson as co-heads of investment banking EMEA to replace Welch...

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  4. Energy Transfer Partners to Buy Sunoco for $5.3B

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  9. WSJ: Twitter Privately Raising Hundreds of Millions of Dollars

    FBN’s Adam Shapiro on reports Twitter is raising money in a new round of financing.

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  12. Energy Transfer Equity Raises Bid for Southern Union

    FBN's Diane Macedo on world markets, U.S. stocks and Energy Transfer Equity's new bid for Southern Union.

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