Let’s not jump to conclusions. They could be getting raises, or they could be getting fired, or they could be receiving a crash course in how one should approach Ken Lewis when it’s 7AM and he needs to be dragged out of the biker bar, hosed off and sobered up before work, which is a task the newbies will be staffed with on a rotating basis.
Rumors of 10k raises for incoming BAC-ML analysts…HR asked all trainees to come in half an hour early today, and has split up the group according to geographic regions, fueling speculation that some groups won’t be getting the bump (apologies to anyone in equities/Dallas)…
It’s a titty bar, not a biker bar. TITTY BAR.
-KL
Nice – you get a 10k rise and from now on think about bonusses as a thing from the past
@2 they just graduated from college, they don’t know what bonuses are.
last 15 in get transferred to corporate banking and do not collect a bonus…so I’ve been told.
@4 wrong. last 15 in get a choice b/t transfer to dept of cowtipping or getting fired.
-kl
they got called in early because i needed drinking buddies. nothing to see here.
@3 bonusses are why they didnt study 16th century italian poetry in fuckalotofgirls college way up in NH..
@7 wtf are you rambling about? also, learn how to spell bonuses. fucking idiot.
The government should look into the deferred bonuses given at the end of last year to some BofA/ML staff – essentially saying because of TARP, we can’t give you $1m bonuses, but what we can do is give you $250k now, and $1m over the next few years – So, it’s not that we can’t pay you multimillion dollar bonuses, but only as long as the government doesn’t know about it
The government should look into the deferred bonuses given at the end of last year to some BofA/ML staff – essentially saying because of TARP, we can’t give you $1m bonuses, but what we can do is give you $250k now, and $1m over the next few years – So, it’s not that we can’t pay you multimillion dollar bonuses, but only as long as the government doesn’t know about it
@9, 10. Go sell your class envy somewhere else. The government can go f^(% themselves, they should have better things to do than inquire into the comp structure of private citizens.
@11
hey dummy – comp structure of private citizens?!? Maybe you missed the last six months or so, but the TARP money is taxpayer money. And the fact that management might have said to employees that we have to do this this way so that the government doesn’t get upset is pretty shady in my opinion.
My point is simple – banks are coming up with ways to hide what they are really paying people to keep it from government scrutiny – sort of like sub-prime mortgage losses and derivative accounting.
And on the class envy, you are SO right on that. Your chastisement makes me want to go out and get a Blackberry so I can join you at Nobu so I can fondle it like you and your peers do in your circle jerk of pomposity.
@12 Yawn