- Carry incentives have arrived in traditional finance as firms look to align executive compensation with growing parts of the business. If the trend continues, however, it could incite more blowback from proxy advisors, who have recently taken a sterner look at executive pay at both BlackRock and Goldman Sachs.
Investment banks and traditional asset managers are starting to look more like private equity firms, and the same may soon be said for how most pay their top executives.
