Masters of the universe at feeding time

Article Abstract:

Investment bankers, securities traders and equity salesmen may be paid two thirds of a 1 million pound sterling salary in the form of bonuses. These bonuses are related to profits, and some directors will be paid bonuses as high as 2 million pounds sterling in 1996, according to Monks Partnership's Joe Clark. The relationship between bonuses and performance appears to have gone wrong when employees are paid bonuses at a time when the company employing them has gone bankrupt. Bonuses are also distorting when they are greater than salaries by a factor of three.

Investment Banking and Securities Dealing, Investment Banking, Securities Trading, United Kingdom, Financial services industry, Financial services, Investment banks, Compensation and benefits, Securities industry, Executives, Executive compensation, Bonuses

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SFA probes complaints

Article Abstract:

Customers of Fidelity Brokerage Services have complained to the Securities and Futures Authority (SFA) about poor service. They claim that Fidelity has been slow to respond to their instructions and complaints. Fidelity argues that it has had problems with its computer system and the problems that have arisen have not been dealt with as rapidly as the company would like. Compensation is being paid to some customers seeking to invest in personal equity plans.

Laws, regulations and rules, Fidelity Brokerage Services Inc.

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Exchange throws late spanner in the networks

Article Abstract:

The London Stock Exchange is opposing the launh of a service by ShareLink for share dealing on the Internet. ESI, an electronic publisher, is cooperating with ShareLink to allow investors to deal in shares with access to information. The Stock Exchange appears likely to prevent the broadcasting of share prices in real time using the Internet. The subscription charge for the service is 10 pounds sterling monthly, and users pay local telephone charges.

Investments, ShareLink

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