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	<title>Comments on: Bonus Watch &#8217;09: UBS</title>
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	<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/</link>
	<description>Wall Street Insider – Financial News, Headlines, Commentary  and  Analysis - Hedge Funds, Private Equity, Banks</description>
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	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-2/#comment-120911</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Thu, 12 Feb 2009 04:30:56 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120911</guid>
		<description>FUCK UBS!!!!
</description>
		<content:encoded><![CDATA[<p>FUCK UBS!!!!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-2/#comment-120910</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 20:29:37 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120910</guid>
		<description>down over 95% in S/T
</description>
		<content:encoded><![CDATA[<p>down over 95% in S/T</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-2/#comment-120909</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 18:40:18 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120909</guid>
		<description>U&#039;ll Be Sorry
</description>
		<content:encoded><![CDATA[<p>U&#8217;ll Be Sorry</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-2/#comment-120908</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 14:35:10 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120908</guid>
		<description>what was stub??
</description>
		<content:encoded><![CDATA[<p>what was stub??</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-2/#comment-120907</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 13:12:57 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120907</guid>
		<description>Once again, who gives a f*ck about analysts and associates?  They are cannon fodder.
</description>
		<content:encoded><![CDATA[<p>Once again, who gives a f*ck about analysts and associates?  They are cannon fodder.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-2/#comment-120906</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 12:56:54 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120906</guid>
		<description>#28, with a nod to the Marx Bros and poking a stick in the eye of many of the posters to this site.
I&#039;m sorry to inform you, there is no such thing as a Sanity Clause.
</description>
		<content:encoded><![CDATA[<p>#28, with a nod to the Marx Bros and poking a stick in the eye of many of the posters to this site.<br />
I&#8217;m sorry to inform you, there is no such thing as a Sanity Clause.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-1/#comment-120905</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 03:27:17 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120905</guid>
		<description>#39 right on brother.  There&#039;s no reason we can&#039;t catch a break during a down market.  Don&#039;t get me wrong, if my clients want to get back to work I will be there 6am to help them.  But until then why shouldn&#039;t I chillax a bit?  You can&#039;t force business.  If the PM is not ready, he&#039;s not ready.  Prodding him to act is irresponsible and a good way to ruin a relationship.
Yes the argument is only good until you get canned, but for me right now, it works
</description>
		<content:encoded><![CDATA[<p>#39 right on brother.  There&#8217;s no reason we can&#8217;t catch a break during a down market.  Don&#8217;t get me wrong, if my clients want to get back to work I will be there 6am to help them.  But until then why shouldn&#8217;t I chillax a bit?  You can&#8217;t force business.  If the PM is not ready, he&#8217;s not ready.  Prodding him to act is irresponsible and a good way to ruin a relationship.<br />
Yes the argument is only good until you get canned, but for me right now, it works</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-1/#comment-120904</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 03:04:20 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120904</guid>
		<description>This pay is Big 4 pay....
Start leaving at 5 folks...in 2001 analysts were openly slapping back Assoc&#039;s and telling VPs they get to their work after the weekend
And there was no pushback....go out and get laid till 2010...
it took until 2004 for the marklet to return, and plent of folks had fun in the interim...$ is not everything
</description>
		<content:encoded><![CDATA[<p>This pay is Big 4 pay&#8230;.<br />
Start leaving at 5 folks&#8230;in 2001 analysts were openly slapping back Assoc&#8217;s and telling VPs they get to their work after the weekend<br />
And there was no pushback&#8230;.go out and get laid till 2010&#8230;<br />
it took until 2004 for the marklet to return, and plent of folks had fun in the interim&#8230;$ is not everything</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-1/#comment-120903</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 02:25:41 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120903</guid>
		<description>Since the theme is &quot;UBS Equity Research,&quot; why is no one pointing out their jackass U.S. accountant-turned-strategist, David Bianco, who had a 1500 12-month S&amp;P target all through 2008 and only recently lowered it to a more modest 1300?
</description>
		<content:encoded><![CDATA[<p>Since the theme is &#8220;UBS Equity Research,&#8221; why is no one pointing out their jackass U.S. accountant-turned-strategist, David Bianco, who had a 1500 12-month S&#038;P target all through 2008 and only recently lowered it to a more modest 1300?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-1/#comment-120902</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 02:17:39 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120902</guid>
		<description>@35 unless you have the number on paper it&#039;s meaningless.
</description>
		<content:encoded><![CDATA[<p>@35 unless you have the number on paper it&#8217;s meaningless.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-1/#comment-120901</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 02:17:02 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120901</guid>
		<description>UBS has been surprisingly open recently that they consider research mostly as a front, in which high-volume S&amp;T clients get little more than analyst-chaperoned access to management (non-deal roadshows, conferences, etc.).
So much for Reg FD.
They have also been trying for two years, with little success, to partition their research product into boring old (&quot;free&quot;) company reports/models and &quot;premium content&quot; strategy pieces -- with a premium price, of course.
Did I mention they have been having little success with that?
</description>
		<content:encoded><![CDATA[<p>UBS has been surprisingly open recently that they consider research mostly as a front, in which high-volume S&#038;T clients get little more than analyst-chaperoned access to management (non-deal roadshows, conferences, etc.).<br />
So much for Reg FD.<br />
They have also been trying for two years, with little success, to partition their research product into boring old (&#8220;free&#8221;) company reports/models and &#8220;premium content&#8221; strategy pieces &#8212; with a premium price, of course.<br />
Did I mention they have been having little success with that?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-1/#comment-120900</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 01:52:19 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120900</guid>
		<description>@33
Was given a target number before the start. I guess it&#039;s better than receiving Swiss Chocolate or zero.
</description>
		<content:encoded><![CDATA[<p>@33<br />
Was given a target number before the start. I guess it&#8217;s better than receiving Swiss Chocolate or zero.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-1/#comment-120899</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 01:44:31 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120899</guid>
		<description>probably down from 1st year associates the prior year.  think about it...
</description>
		<content:encoded><![CDATA[<p>probably down from 1st year associates the prior year.  think about it&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-1/#comment-120898</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 01:21:59 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120898</guid>
		<description>@32 if you are a first year how are you &quot;down&quot;?
</description>
		<content:encoded><![CDATA[<p>@32 if you are a first year how are you &#8220;down&#8221;?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: guest</title>
		<link>http://dealbreaker.com/2009/02/bonus-watch-09-ubs/comment-page-1/#comment-120897</link>
		<dc:creator>guest</dc:creator>
		<pubDate>Wed, 11 Feb 2009 01:11:08 +0000</pubDate>
		<guid isPermaLink="false">http://wp.dealbreaker.com/2009/02/bonus-watch-09-ubs/#comment-120897</guid>
		<description>1st year Associate at AM
$9100 for the year. Down 85%
</description>
		<content:encoded><![CDATA[<p>1st year Associate at AM<br />
$9100 for the year. Down 85%</p>
]]></content:encoded>
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