(Crain’s) — Morningstar Inc.’s top executives, including founder and CEO Joe Mansueto, took pay cuts last year as the company’s profitability slipped.Pay for Mr. Mansueto, who owns 52.5% of the financial information provider and declines bonuses, declined about 6% to $100, 202 last year from $106,145 in 2008, according to the Chicago-based company’s proxy filing Thursday with the Securities and Exchange Commission.Larger pay reductions came for three of the four next-highest-ranking officers.
Posts Tagged ‘Efficiencies’
Morningstar’s Mansueto, other top execs hit with pay cuts
April 8th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Bonus Amounts, Business Environment, Chief Financial Officer, Chief Operating Officer, Compensation Committee, Control Expenses, Corporate Profitability, Efficiencies, Execs, Financial Information Provider, Joe Mansueto, Maximum Bonus, Morningstar, Operational Goals, Scott Cooley, Securities And Exchange Commission, Stock Awards, Stock Options, Tao Huang, Top Executives 
Comments OffRecord-Breaking August for ETFs
September 16th, 2009 Before You Invest The August ETF numbers are in, and the industry continues to grow as new investors learn ETFs, ancient investors wade back into the markets and ETF providers continue to launch exciting new products. Total assets in U.S.-listed exchange traded products surged to $678 billion, a 4% increase since previous highs in July.
BlackRock planning global trading platform
September 16th, 2009 Before You Invest Asset manager BlackRock is to launch its own global trading platform, it has emerged.According to the Financial Times, the company intends to utilize the system to rival those used by many firms on Wall Street.The business will have around $3,000 billion in assets under management once it has completed its acquisition of Barclays Global Investors (BGI) in December and it has appointed Minder Cheng of BGI to oversee the launch of the platform.BlackRock said in a leaked internal memo seen by the news source that the new offering will “fully realize the cost efficiencies and trading opportunities across all asset classes as we become one of the largest trading operations in the world”.Those familiar with the plot – which is said to still be in its early stages – clarified that BlackRock will not be charging fees for the service due to the fact that it is being introduced in order to save clients money.The company reached a deal worth around $13.5 billion for BGI in June.
