May. 6 (CNBC) - Michael Karp, Options Group Chief Executive, and John Ricco, Atlantic Group Partner, discuss the future of banking and finance as job cuts in the sector pile up.
Nov. 9 (Bloomberg) - Michael Karp, co-founder of executive-search and strategic-consulting firm Options Group, talks with Bloomberg's Julie Hyman and Mark Crumpton about the outlook for Wall Street bonuses this year. Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.s investment bank, survivors of the worst financial crisis since the Great Depression, are set to pay record bonuses this year. (Source: Bloomberg)
Oct. 10 (CNBC) - Memo to Wall Street: When it comes to bonuses, flat is the new up.
At least that's according to the Options Group, a New York search and consulting firm that polled about 1,500 workers at banks, boutiques, hedge funds, and buyout shops as part of its annual compensation survey.
Options Group estimates that this year's cash bonuses will be on par with 2006 levels, depressed by higher base salaries, lower market volumes, and increased stock-award programs.
Muted pay will be the theme not only in troubled areas, like structured credit and proprietary trading at banks, but also in some of this year's most active areas, including junk bonds, currencies, and emerging markets.
Nov. 29 (CNBC) - A look at why bank employees could see annual compensation sink as much as thirty percent from a year ago, with Michael Karp, Options Group co-founder.