Deutsche Bank bonuses are looking at a 60% cut, or so Bloomberg claims:
Business units hardest hit by the financial crisis such as structured products and proprietary trading will face larger reductions than areas including foreign exchange and commodities, said the person, who declined to be identified because the plan isn’t public. Focus Magazin reported the bonus plan earlier.
We aren’t surprised. Once the Swiss and the Germans started trimming the strip-club and cocktail expenses, we knew the news wasn’t good.
Deutsche Bank Said to Cut Bonuses by 60% After Loss [Bloomberg]
wtf is focus mag?
Its like a Newsweek in Germany. Its a crappier version of the Economist-Time Magazine Hybrid Der Spiegel (Economist because its useful and not written for 5 year olds, Time because it covers a large variety of topics).
You really don’t want a bunch of Germans sitting around with nothing to do….trust me
@3
Nazi reference?
Wow great title. I hope I am not the only one to get that.
Now is the time on Sprockets when we dance!
“Would you stop talking about the war?”
“Me? You started it?”
“We did not start it.”
“Yes you did, you invaded Poland!”
Brilliant.
7:
Bingo.
If only they had a gov’t program to boost bonuses back to par, regardless of corporate profitability.
You know, these are the real casualties of the economy! This is a real shame. The Chosen One likes to talk about “shameful” bonuses on Wall Street, but these bonuses create jobs and run the economy.
Why, not a few years ago, I single handily put two entertainers through higher education, and they were (before the media fear mongering led to a recession) on to earning tax-paying jobs.
I hope the Chosen One will know the best way to “stimulate” the economy with job creation programs are higher bonuses!
@ 10
Thank you for perpetuating the stripper myth.
We all know that democrats love to cheat on their wives (and northeast republicans support abortion for the same reason) so maybe President Obama is trying to create a much larger pool of strippers by banning large bonuses?
Isn’t Deutsche Bank subsidized by the German government?
Best. Comedy. Series. Ever.
@10 is right. Bankers put strippers through college and get them to eventually stop stripping. Of course said strippers have to be on-call 24/7 for blow and kinky sex parties but hey, nothing’s for free.
@12 – no.
Too homo didn’t romo.
A banker without a stripper is like Gasparino without an F-bomb.
@4, actually a Franco-Prussian War reference.
The percentage of Wall Street wives who are ex-strippers is surprisingly high.
Ah, The Germans. The bestest episode [close] of the bestest comedy ever [not clsoe.]
EP, great title and props to @14 picking it up!
@14/21 Yep. Cleese knew how to do it right.
I mentioned it once, but I think I got away with it.
TWO WORLD WARS, ONE WORLD CUP!
too sauer, didn’t kraut
10 – I was at Citi. I could only send one to college… I look up to you.
@27…yeah, well, the party has to end sometime, right Old Sport?
@24 – It brings a smile to my face just thinking about that episode – two egg mayonnaise, a prawn Goebbels, a Hermann Goering and four Colditz salads”.
@13, no.
And for all those who missed it:
http://www.youtube.com/watch?v=1k7U-_tJVmw
Since we are talking about Germans, here’s one more:
http://www.youtube.com/watch?v=vlmGknvr_Pg
@20, the really interesting thing is, how high the percentage of derivatives marketers across the street are ex-strippers
you can blame all the idiots who were at lehman for this.
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