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Two prominent proxy advisory firms offered diverging opinions on Morgan Stanley's (MS) executive compensation plan, with one telling shareholders to vote for it, while the other urged them to vote against the measure.The shareholder vote on compensation, often called a say-on-pay measure is nonbinding, though a rejection is often considered a harsh rebuke by a company's own investors.Glass Lewis & Co. recommended shareholders vote against the securities firm's executive pay plan, saying the company was "deficient in linking pay with performance" last year.In its proxy analysis published ahead of the firm's annual meeting on May 14, Glass Lewis said Morgan Stanley paid its named executive officers more than peers based on a study by executive compensation firm Equilar. The peer analysis included Morgan Stanley's big banking rivals such Goldman Sachs Group Inc. (GS), but also listed smaller firms such as Greenhill & Co. (GHL).Glass Lewis said Morgan Stanley's pay for performance grade dr...
Lazard Ltd.'s (LAZ) second-quarter profit dropped 50% from the same period last year to $30.8 million, as lower revenue from restructuring work and asset-management ...
Boutique advisory firm Evercore Partners Inc. (EVR) posted a 19% rise in second-quarter earnings as the company benefited from a string of deal closings despite a to...
On a trading day that saw the S&P 500 gain 0.8%, the Financial sector (XLF) showed little change.The ETF, as a proxy for the sector, tracked closer to the overall ma...
While commercial airlines in the U.S. escaped without a single fatality in 2011, deaths among smaller personal and chartered flights increased.The National Transport...
I want to share one of my favorite screens that I have developed over the years. The goal of what I call my "Rocket" screen is to identify companies that are not wid...
Steve Appleton, the chief executive of chipmaker Micron Technology (NASDAQ:MU), died in a small-plane crash near the company's headquarters in Boise, Idaho, Friday m...
A pair of bankers from investment bank Greenhill & Co. (NYSE:GHL) are believed to be among the five people who died on Tuesday in a fiery plane crash on a major high...
By Ethan BilbyTwenty five years ago, digital clock leaves flipped over to 9 a.m. and the London Stock Exchange opened to computerized trading in a deregulatory coup ...
Lazard Ltd.'s (LAZ) first-quarter profit dropped 40% as a slump in revenue from advisory services pushed overall results below expectations.Lazard Ltd. (LAZ) and riv...
Evercore Partners Inc. (EVR) swung to a first-quarter profit as its investment-banking revenue climbed 55% from a year ago and company executives expressed a more op...
Evercore Partners Inc. (EVR) swung to a fourth-quarter profit as the firm's investment banking revenue more than doubled from a year ago, boosted by a sharp rebound ...
Supervalu Inc struck a $3.3 billion deal to reduce its burdensome debt by selling five of its supermarket chains to an investor group led by Cerberus Capital Managem...
Financial stocks surged Thursday, with some of the biggest banks reaching four-month highs, after the European Central Bank unveiled a long-awaited plan to buy the g...
Financial stocks surged Thursday, extending recent gains in the sector, after the European Central Bank unveiled a long-awaited plan to buy the government bonds of s...
Financial firms Lazard Ltd. (LAZ) and Evercore Partners Inc. (EVR) notched strong advisory revenue gains in the second quarter, even as the overall mergers and acqui...
