• 24 Feb 2009 at 3:27 PM

Bonus Watch ’09: Citadel

By Equity Private

I guess you could say that this is to be expected, but it’s the sort of malarkey we’d expect of a more Charlotte-based Ken and not our preferred K out (mid)West. Supposedly our favorite Chicago hedge fund has put a clause in bonuses to keep people loyal ’til at least June (when the majority of their goodie bags will be paid out), though “some ship jumping has already begun.” Also hideous: apparently bonuses this year were “in-line” with the rest of the Street, which is common, and uncool.
UPDATE: Au contraire: we’re told that Citadel’s bonuses were paid in their entirety in December and that they came out of KG’s pocket.

Comments (17)

  1. 1
    Posted by guest | February 24, 2009 at 3:32 PM

    frosty

  2. 2
    Posted by guest | February 24, 2009 at 3:43 PM

    “‘in-line’ with the Street?” is that like Merrills avant ou apres Bank of America?

  3. 3
    Posted by guest | February 24, 2009 at 3:46 PM

    Shenanigans
    ..and #7 goes A to O with #6

  4. 4
    Posted by guest | February 24, 2009 at 3:48 PM

    @2- it means down big time from last year.

  5. 5
    Posted by guest | February 24, 2009 at 3:49 PM

    Getting no bonus is the new killing it.

  6. 6
    Posted by guest | February 24, 2009 at 3:50 PM

    Getting no bonus or severance and then getting laid off is the new killing it.

  7. 7
    Posted by guest | February 24, 2009 at 3:51 PM

    #6, #5 here, well done.

  8. 8
    Posted by guest | February 24, 2009 at 3:52 PM

    @7 – Did you not see #3…I guess it could be worse…you could be #6.

  9. 9
    Posted by guest | February 24, 2009 at 3:53 PM

    Word of the Day for Tuesday, February 24, 2009
    peculate \PEK-yuh-leyt\, verb:
    to steal money or goods entrusted to one; embezzle
    @6 & 7 – did you like it?

  10. 10
    Posted by guest | February 24, 2009 at 3:54 PM

    circle jerk

  11. 11
    Posted by guest | February 24, 2009 at 3:55 PM

    #8, #5/#7 here, touché.

  12. 12
    Posted by guest | February 24, 2009 at 3:58 PM

    I call conductor, choo choo.

  13. 13
    Posted by guest | February 24, 2009 at 4:01 PM

    Holy crap. The dailybail(douche) has made it to CNN.
    http://www.cnn.com/2009/TECH/02/24/recession.web.sites/index.html
    I want one of these fake jobs that Citadel provides.

  14. 14
    Posted by guest | February 24, 2009 at 8:36 PM

    wow, what happened to all the hedge fund hubris? shouldnt some know it all 26 year old who made 10 in 2007 be defending the ability of a joker to convince idiots with pension money from Kenosha to pay him 2 and 20? c’mon people, dont tell me you’re not feeling it anymore!

  15. 15
    Posted by guest | February 25, 2009 at 6:38 AM

    @14
    It’s always good to kick a toothless old dog when it’s down and out for the count – never to get it up again.

  16. 16
    Posted by guest | February 25, 2009 at 8:19 AM

    Is there a honest Hedge fund out there?
    Seems the more downturn the market goes the more fraud is revealed about Hedge funds = fraud.

  17. 17
    Posted by guest | February 25, 2009 at 1:05 PM

    “Seems the more downturn the market goes the more fraud is revealed about Hedge funds = fraud.”
    wow.

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