The News: Take a Deep Breath, Calm Down...
In New York, JPMorgan's Jamie Dimon said, essentially, both sides have a point in the argument over Wall Street compensation, at least on the executive level. "It's very important that companies acknowledge the legitimate concerns around issues like executive compensation," he said, according to FinancialWeek. "But don't paint all executives with the same brush."
We'd still like to hear people simmer down and acknowledge the difference between "executive bonuses" and the compensation of folks who're just living up to their contracts and don't think it's crazy for their firms to live up to theirs.
Dimon: Performance-based pay not 'the end-all' [Financial Week]
What UBS might really want with wealth management is to get out of wealth management [The Deal]
It's not the size of the boutique, it's what you do with it [The Deal]
Mom told me to be a compliance specialist [WSJ]
Okay, fine. Give us some money and we'll do what you want with some it [FinancialWeek]
Wells Fargo hears the music [MSNBC]
Edmund Murphy becomes Putnam's head of defined contribution [InvestmentNews]
New requirements for ChFC designation [InvestmentNews]
Twelve defections from BofA to Deutsche's FIG group [The Deal]
Susquehanna Financial adds to special situations team [Susquehanna via PRNewswire]