Markets

Goldman Sachs Pays Its People Well But Average Pay Is Misleading

Over the weekend on Wall Street Memo, one of the other writers relayed the fact that Goldman Sachs will reportedly pay out an average comp of $544,000 per worker this year (including salary and bonuses).Similarly, JPMorgan Chase will pay its investment bank workers, on average, $425,000 in comp this year.
Goldman Sachs Pays Its People Well But Average Pay Is Misleading
Markets

Citigroup CEO Pandit Took Home Just $128,751 Last Year

(AP) Citigroup Inc. CEO Vikram Pandit received $128,751 in compensation for 2009 as the bank suffered huge losses on risky investments and failing consumer loans, according to an Associated Press analysis of a regulatory filing disclosed Friday.
Citigroup CEO Pandit Took Home Just $128,751 Last Year
Markets

Let Me Tell You How I’m Going To Stick It To Wall Street

Good morning, everybody. I just had a very productive meeting with two members of my Economic Recovery Advisory Board: Paul Volcker, who is the former chair of the Federal Reserve Board, and Bill Donaldson, previously the head of the SEC. And I deeply appreciate the counsel of these two leaders […]
Let Me Tell You How I’m Going To Stick It To Wall Street
News

Obama’s Unconstitutional Bank Tax Offends Our Deepest Political Ideals

When it was reported that a lawyer for the banking lobby planned to challenge the bank tax recently proposed by president Barack Obama, my initial reaction was to scoff. Many of my fellow lawyers had similar reactions. It takes a certain amount of shamelessness for a representative of the financial […]
Obama’s Unconstitutional Bank Tax Offends Our Deepest Political Ideals
Markets

$145 BILLION*

Thanks to taxpayers, Wall Street is going to have a killer bonus season, up 18% from last year, according to analysis from WSJ.
$145 BILLION*
Markets

The Obama Tax Plan: The Good, The Bad, And The Ugly

This morning we posted a video running through the Good, the Bad and the Ugly aspects of Obama’s new bank tax plan. Some of you hate watching videos or simply cannot watch them because your luddite bosses won’t let you. We don’t want you to be left out, so here’s […]
The Obama Tax Plan: The Good, The Bad, And The Ugly
Markets

Here’s My Solution To The Banker Bonus Problem

I have a few thoughts concerning the burgeoning public backlash against big banker bonus announcements expected in the weeks ahead. This backlash of course stems from taxpayer fury over banks which were rescued by taxpayer-financed TARP money. A recent Rasmussen poll revealed that 61 per cent believe the government should […]
Here’s My Solution To The Banker Bonus Problem
Markets

The Most Brazen Disdain For Democracy In Modern Times

There will be a tidal wave of rage. Over the next two weeks the executives of the leading British and American banks will announce that some £50bn is to be taken from accumulated profit and handed over, not to shareholders or taxpayers, but to themselves. It will be the most […]
The Most Brazen Disdain For Democracy In Modern Times
Markets

Jamie Dimon Has Had It With The Bonus Bashing

The boy toy CEO says enough is enough. Get a hobby, and get off his people’s asses. I think we can do this for him, right? Don’t be a jerk, Vikram. “We do not have change-of-control agreements, special executive retirement plans, golden parachutes, special severance packages or merger bonuses.”
Jamie Dimon Has Had It With The Bonus Bashing
Markets

The Bear Stearns Gym Hottie Story

This is the latest in our series of occasional posts about indiscreet lawyers and bankers. If you’ve got a story you want to share, email [email protected] “I think I should be able to sue for sexual harassment,” the young woman said. “It’s just not right for them to punish me […]
The Bear Stearns Gym Hottie Story
News

The Skadden Arps Conference Room Sex Story

Every law firm and investment bank has its share of misbehaving employees and executives getting caught in flagrante delicto. Starting today, we’re going to run a series of occasional posts on these stories. Some are mythological, some are dead on accurate. But all are entertaining.
The Skadden Arps Conference Room Sex Story
« Previous PageNext Page »