Markets

Nassim Taleb: The Bank Business Model Is A Compensation Scheme And Nothing Else

[credit provider=”ampedstatus.org” url=”http://ampedstatus.org/time-to-clawback-2-2-trillion-in-corrupt-banker-compensation-nassim-taleb-on-occupywallstreet/”] Former options trader turned philosopher, NYU Professor Nassim Taleb, the author of “The Black Swan,” is worried that the Occupy Wall Street movement taking place in Manhattan’s Financial District and across the country will turn into class warfare.[via ampedstatus.org]”The Occupy Wall Street — they don’t have a […]
Nassim Taleb: The Bank Business Model Is A Compensation Scheme And Nothing Else
Markets

GOSSIP: Today’s Wall Street Buzz in 60 Seconds

[credit provider=”Milken Institute” url=”http://www.milkeninstitute.org/events/gcprogram.taf?function=bio&EventID=GC10&SPID=4701″] A group led by Apollo’s co-founder Joshua Harris and David Blitzer have been unanimously approved to buy the Philadelphia 76er’s NBA team. Australian hedge fund manager and Tory party supporter, Michael Hintze, who’s name has been dragged into Britain’s latest political scandal, has made generous donations to […]
GOSSIP: Today’s Wall Street Buzz in 60 Seconds
Markets

More Depressing Talk About Wall Street Bonuses, Layoffs, And The NYC Economy

[credit provider=”Elsa11 via Flickr ” url=”http://www.flickr.com/photos/elsa11/4371492666/sizes/m/in/photostream/”] BREAKING: It’s going to be a rough year for bonuses.Of course, you already knew that, but now New York comptroller Thomas DiNapoli is saying that it’s going to be a bad year for bonuses, and that the economy of New York City will be […]
More Depressing Talk About Wall Street Bonuses, Layoffs, And The NYC Economy
Markets

This Is The Kind Of Secret Government-Business Alliance That Makes Protesters Furious

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:LongShadows2.jpg”] Thanks to a secret deal that’s been described as a “cock-up” on British tax officials behalf, Goldman Sachs didn’t have to pay a £10 million interest payment last December, according to documents published by the Guardian.The details of the deal show that Goldman benefitted from a […]
This Is The Kind Of Secret Government-Business Alliance That Makes Protesters Furious
Markets

What’s Hot On Wall Street: The $0 Bonus

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Schmela.jpg”] The $0 bonus meme is gathering steam.Earlier this week there was a report about how there could be virtually no bonuses this year, as more and more analysts expect the banks to come out with a quarterly loss.
What’s Hot On Wall Street: The $0 Bonus
Markets

Carl Icahn Basically Just Made One Of His Top Men Sign A Pre-Nup

Vincent Intierri just got a sweet new pay agreement: a $6.5 million salary until 2013, which bumps up to $7.5 million if his contract extends until 2016. (See the 8k)Intrierri works at Icahn Enterprises, the legendary Carl Icahn’s fund, where he’s a director and general partner, and has been working since 1998.
Carl Icahn Basically Just Made One Of His Top Men Sign A Pre-Nup
Markets

Merrill Lynch Brokers Freak Out That Pay Structure Will Change

[credit provider=”flickr/Ahmad Nawawi” url=”http://www.flickr.com/photos/ahmadnawawi/3808452611/”] One big rumour after the firing of Sallie Krawcheck was that she was the BofA executive who put her foot down about paying Merrill Lynch brokers according to their commissions.Both their new boss, David Darnell, and CEO Brian Moynihan, rumour was, were in favour of making […]
Merrill Lynch Brokers Freak Out That Pay Structure Will Change
Strategy

Why Google Gave All Its Employees A Raise

[credit provider=”AP” url=”http://www.apimages.com/”] Raises have been few and far between in the past few years, but one company that broke from the pack recently is Google. The online-search giant gave all its workers a 10 per cent raise this year.Crazy?
Why Google Gave All Its Employees A Raise
News

Congress Paid Millions In Staff Bonuses Amid Federal Budget Crisis

[credit provider=”AP”] Even in the face of a federal budget crisis, members of Congress spent more than $20 million in staff bonuses at the end of last year, the Los Angeles Times reports.The money came out of the average $1.5 million annual allowance the federal government gives each member of […]
Congress Paid Millions In Staff Bonuses Amid Federal Budget Crisis
Strategy

CEOs Are Making Bank Again: Bonuses Skyrocket 31%

[credit provider=”Robert Holmgren” url=”http://www.flickr.com/photos/holmgren/5043806912/”] Major corporations are paying CEOs big bucks again, a Hay Group survey has found.”CEO bonuses at 50 major corporations jumped a median of 30.5%, the biggest gain in at least three years,” The Wall Street Journal reports.
CEOs Are Making Bank Again: Bonuses Skyrocket 31%
Markets

$17,400,000

Jamie Dimon just got awarded his 2010 payout — and it’s very nice.
$17,400,000
Markets

Deutsche Bankers Got Their Bonuses Yesterday And They Were Worse Than Last Year’s

[credit provider=”The Quick and Dirty” url=”http://thequickanddirtydirty.com/wp-content/uploads/2010/09/Lederhosen-germany-3172152-750-600.jpg”] We hear from a source that Deutsche Bankers got their bonuses yesterday.Apparently the news was mixed but in general, most employees saw a cut in their bonus compared to what they were awarded last year.
Deutsche Bankers Got Their Bonuses Yesterday And They Were Worse Than Last Year’s
Markets

Standard Chartered CEO’s Wife: I’m Sick Of The Banker Wife Stereotype

[credit provider=”Book club queen” url=”http://www.google.com/imgres?imgurl=http://www.book-club-queen.com/image-files/betsy_tobin.jpg&imgrefurl=http://www.book-club-queen.com/betsy-tobin.html&usg=__rqXXfNvywa3KVPBv0MGHxzuKMhg=&h=183&w=150&sz=25&hl=en&start=0&sig2=71iTK02P6tuD46-Rr4TPog&zoom=1&tbnid=dYgowHJbyzTlJM:&tbnh=146&tbnw=120&ei=_FRATZv4McHDgQfNjMnjAg&prev=/images%3Fq%3DBetsy%2BTobin%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26sa%3DN%26rls%3Dorg.mozilla:en-US:official%26biw%3D1218%26bih%3D576%26tbs%3Disch:1&um=1&itbs=1&iact=rc&dur=150&oei=_FRATZv4McHDgQfNjMnjAg&esq=1&page=1&ndsp=12&ved=1t:429,r:1,s:0&tx=9&ty=81″] Like bankers, banker spouses – in particular banker wives – have a certain reputation.They’re pampered; they wear designer clothes; they love to shop and spend; they live in the most exclusive and expensive neighborhoods in whichever city they live.
Standard Chartered CEO’s Wife: I’m Sick Of The Banker Wife Stereotype
Markets

GOSSIP: Today’s Wall Street Buzz in 60 Seconds

[credit provider=”hostingprod.com”] Two young prop traders are leaving Goldman’s principal strategies desk in London to launch a hedge fund. The pair have secured a $300 million investment from Scandanavian hedge fund Brummer & Partners.Lloyd Blankfein was seen walking into Jazz at Lincoln centre on Saturday, one block from his 15 […]
GOSSIP: Today’s Wall Street Buzz in 60 Seconds
Markets

Credit Suisse Just Cut Cash Bonus Payouts By $80,000

[credit provider=”Chicago Booth” url=”http://www.chicagobooth.edu/news/2007-12-10_dougan.aspx”] Credit Suisse is now deferring any bonuses that meet or exceed $51,845 (50,000 Swiss francs), by up to four years.The $51,845 threshold for deferring bonuses instead of paying them out in cash is totally new; the lower limit used to be about $129,000 (F125,000).
Credit Suisse Just Cut Cash Bonus Payouts By $80,000
Markets

The Basel Committee Wants To Reveal Everything About Bonuses Except The Name

[credit provider=”Banana via Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Bananas_still_worried.jpg”] The Basel Committee on Banking Supervision might soon pass a measure that would require banks to disclose the individual sizes of all year end bonuses, signing bonuses, and golden parachutes.The Daily Mail: The Basel Committee on Banking Supervision, which counts the UK, US and […]
The Basel Committee Wants To Reveal Everything About Bonuses Except The Name
Markets

Here’s How Wall Streeters Say They Will Spend Their Massive Bonuses This Year

[credit provider=”Esquire” url=”http://www.esquire.com/blogs/politics/wall-street-bonuses-2010″] With all the commotion surrounding this year’s Christmas craze – the “Zero” bonus – Esquire scuttled down to Wall Street to get the word on how bankers feel about this year’s compensation packages.98 Wall Streeters – 81 men; 17 women – were asked how big their bonuses […]
Here’s How Wall Streeters Say They Will Spend Their Massive Bonuses This Year
Markets

Operation Get-Bonus-Back: British Bankers Are Going To War

[credit provider=”YouTube” url=”http://www.youtube.com/watch?v=NHl-y2StbJY”] The CEOs of Barclays, RBS, HSBC, Lloyds and Santander UK are scrambling to make sure a peace deal between the government and their banks isn’t derailed, the FT reported.And the operation to battle against a government conquest has been dubbed Project Merlin by the bank heads.
Operation Get-Bonus-Back: British Bankers Are Going To War
Markets

Paul Krugman: Wall Street Bankers Are Now Earning More Than James Bond Villains Ever Dreamed Of

[credit provider=”wikimedia commons” url=”http://en.wikipedia.org/wiki/File:Emilio_Largo_by_Adolfo_Celi_200x200.jpg”] Paul Krugman watching the movie Thunderball last night is shocked to see that the villain, after stealing two nuclear warheads, is demanding the equivalent of one eighth of the Goldman Sachs bonus pool as ransom.This prompts a reflection on inequality:
Paul Krugman: Wall Street Bankers Are Now Earning More Than James Bond Villains Ever Dreamed Of
Markets

Morgan Stanley Is Cutting Bonuses By 10% to 25%

[credit provider=”Son of Groucho via Flickr” url=”http://www.flickr.com/photos/sonofgroucho/4607241206/”] Morgan Stanley told its executives to prepare to budget between 10% to 25% less for bonuses this year, the Wall Street Journal reported.The cuts will likely affect traders, back-office staff and other bank employees, but strong performers in the i-banking division and in […]
Morgan Stanley Is Cutting Bonuses By 10% to 25%
Markets

HSBC To Double Hundreds Of Bankers Salaries

[credit provider=”AP”] HSBC is doubling the salaries of hundreds of its investment bankers in New York, London, and Hong Kong, according to Sky News.The exclusive report suggests that the move is aimed at targeting political complaints about banker bonuses.
HSBC To Double Hundreds Of Bankers Salaries
Markets

POVERTY ON WALL STREET As Bonuses Plummet 12%

[credit provider=”Flickr/trioculus” url=”http://www.flickr.com/photos/trioculus/sets/72157624801350339/with/4977634504/”] The funeral dirge has begun on Wall Street, where bonuses will drop an average of 12% this year.The hit will be the biggest in fixed-income trading. Investment bankers will do about the same as last year.
POVERTY ON WALL STREET As Bonuses Plummet 12%
Markets

Wall Street Pay Is Going To Hit a Record $144 Billion This Year

[credit provider=”flickr” url=”http://www.flickr.com/photos/mroconnell/4289189237/sizes/o/”] So much for this idea that it’s going to be a sad year on Wall Street characterised by layoffs and horrible bonuses.According to a survey undertaken by The Wall Street Journal pay is going to hit a record this year for the second year in a row.
Wall Street Pay Is Going To Hit a Record $144 Billion This Year
« Previous PageNext Page »