Comments on: Comp/Perk Watch ’09: UBS http://dealbreaker.com/2009/05/compperk-watch-09-ubs/ Wall Street Insider – Financial News, Headlines, Commentary and Analysis - Hedge Funds, Private Equity, Banks Fri, 10 Feb 2012 18:49:48 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81779 guest Tue, 19 May 2009 16:41:59 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81779 fixed income associate here, just got the ol' you're lucky to have a job here speech, no bump. anyone else?? fixed income associate here, just got the ol’ you’re lucky to have a job here speech, no bump. anyone else??

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81778 guest Tue, 19 May 2009 16:41:54 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81778 fixed income associate here, just got the ol' you're lucky to have a job here speech, no bump. anyone else?? fixed income associate here, just got the ol’ you’re lucky to have a job here speech, no bump. anyone else??

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81777 guest Tue, 19 May 2009 16:41:45 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81777 fixed income associate here, just got the ol' you're lucky to have a job here speech, no bump. anyone else?? fixed income associate here, just got the ol’ you’re lucky to have a job here speech, no bump. anyone else??

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81776 guest Sun, 17 May 2009 18:51:52 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81776 Re: 16. False. Non-officer here in equities (associate) and zero increase. Re: 16. False. Non-officer here in equities (associate) and zero increase.

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81775 guest Sun, 17 May 2009 02:57:53 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81775 NO & AD brackets went down at the high end. D, ED & MD brackets went up. NO & AD brackets went down at the high end. D, ED & MD brackets went up.

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81774 guest Sun, 17 May 2009 02:57:34 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81774 NO & AD brackets went down at the high end. D, ED & MD brackets went up. NO & AD brackets went down at the high end. D, ED & MD brackets went up.

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81773 guest Fri, 15 May 2009 22:54:32 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81773 hmm, we have md's saying firmwide, not one non officer was bumped up, only AD's and above. hmm, we have md’s saying firmwide, not one non officer was bumped up, only AD’s and above.

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81772 guest Fri, 15 May 2009 21:59:25 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81772 1st year associates got bumped to $130k I am almost positive. Have not heard anything from my buddies back at UBS on the analyst leve. 1st year associates got bumped to $130k I am almost positive. Have not heard anything from my buddies back at UBS on the analyst leve.

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81771 guest Fri, 15 May 2009 21:50:49 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81771 some non-officers/mds got bumps some non-officers/mds got bumps

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81770 guest Fri, 15 May 2009 21:29:07 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81770 supposedly all non officers did not receive any bump in salary...can anyone confirm if they are an NO and received a bump? we are hearing some did, this place..... supposedly all non officers did not receive any bump in salary…can anyone confirm if they are an NO and received a bump? we are hearing some did, this place…..

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81769 guest Fri, 15 May 2009 20:06:29 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81769 LLLLLUUUUUUUUUUCCCIIIITTTEEEEE!!!!! sorry, all better now LLLLLUUUUUUUUUUCCCIIIITTTEEEEE!!!!!
sorry, all better now

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81768 guest Fri, 15 May 2009 19:49:11 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81768 Dont forget, for WM US Home Office employees: - Elimination of Free Coffee except for a few people (traders and call centers only) - Elimination of Free Ferry to Lincoln Harbor (now $75 fee) - Parking Increase ($55- $75) - Cardboard box in café ($0.15) - Increased café food prices The big joke is all about the Wolfgang Puck coffee vending machines... Dont forget, for WM US Home Office employees:
- Elimination of Free Coffee except for a few people (traders and call centers only)
- Elimination of Free Ferry to Lincoln Harbor (now $75 fee)
- Parking Increase ($55- $75)
- Cardboard box in café ($0.15)
- Increased café food prices
The big joke is all about the Wolfgang Puck coffee vending machines…

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81767 guest Fri, 15 May 2009 19:47:37 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81767 No free parking!? I think I also read that they'll be cancelling employee trips to the Boardwalk, which will save UBS $50 per employee, or $2,000 if it included a hotel stay. No free parking!? I think I also read that they’ll be cancelling employee trips to the Boardwalk, which will save UBS $50 per employee, or $2,000 if it included a hotel stay.

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81766 guest Fri, 15 May 2009 19:46:22 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81766 5 A lot of that stuff started at a time when tax rates in those countries were severely progressive and taxing authorities ignored the value of perks. That is, income > US$50,000 or so was taxed at marginal rates of over 50%, so firms looked for other ways to compensate their high earners. With tax reform (you can't get away with not reporting the perks) and generally flatter tax rates this doesn't make as much sense as it used to. So get rid of these perks, which are probably just a habit at this point. 5 A lot of that stuff started at a time when tax rates in those countries were severely progressive and taxing authorities ignored the value of perks. That is, income > US$50,000 or so was taxed at marginal rates of over 50%, so firms looked for other ways to compensate their high earners. With tax reform (you can’t get away with not reporting the perks) and generally flatter tax rates this doesn’t make as much sense as it used to. So get rid of these perks, which are probably just a habit at this point.

]]> By: guest http://dealbreaker.com/2009/05/compperk-watch-09-ubs/comment-page-1/#comment-81765 guest Fri, 15 May 2009 19:41:00 +0000 http://wp.dealbreaker.com/2009/05/compperk-watch-09-ubs/#comment-81765 "Season tickets for trains"?? That's no way to talk about the Mets.... “Season tickets for trains”??
That’s no way to talk about the Mets….

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