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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> health care industry

Citigroup hires “Watson”

Posted by RJ and Makay on Mar 06, 2012

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WatsonWatson, the IBM-developed supercomputer that was victorious against human champions of the game show Jeopardy last year, will soon be strutting its stuff in an advisory role on Wall Street.  Citigroup Inc., the nation’s third-largest lender, became Watson’s first financial services client, IBM announced yesterday.  In its risk management, portfolio and client role, Watson will analyze customer needs and process economic, financial and client data to grow Citi’s banking and investment services.

CEO pay rose 27% in fiscal 2010

Posted by RJ and Makay on Dec 15, 2011

Executive PayAmerican CEOs gained a median net 27% increase in compensation in fiscal year 2010, according to the ninth annual report from research group GMI.  CEOs from S&P 500 companies netted a 36.5% rise in realized compensation in 2010 after two consecutive pay declines in 2008 and 2009, the report said.

The report drew data from total chief executive earnings calculated from more than 3,200 proxy statements, and includes base salary, pension and retirement plan payments, exercised options and more.