Opening Bell: 12.03.09

scrooge_mcduck_money_diving.jpgGoldman Takes Offensive On Pay (WSJ)
Goldman has been holding private discussions with shareholders for weeks on the subject of compensation, in order to indicate that they care what investors think and ward off a backlash before paying out huge ass bonuses. Here’s a 14 page presentation re: making it rain on employee’s faces.
Barclays Said to Plan Salary Increases, Lower Bonuses (Bloomberg)
Apparently the change will mainly affect junior and mid-level employees.
RBS board may quit if £1.5bn bonus plan is vetoed (Independent)
Let the chippies pay people whatever they want or they’re walking, maybe.
Senator Sanders Moves to Hold Up Bernanke Confirmation (NYT)
“In this country, there is profound disgust at what happened on Wall Street,” Mr. Sanders said in an interview. “People want a new direction and people are asking, where was the Fed? How did the Fed allow this to happen, when one of their mandates is to oversee the safety and soundness of the banking system?”
US Seeks Client Names Of Stanford (Reuters)
The Justice Department asked a court on Wednesday for permission to seek the identity of American clients of the Texas financier R. Allen Stanford who may have been hiding their assets with his firm to evade taxes.
Tiger’s New Prenup (TDB)
A lawyer familiar with the hastily conducted negotiations of the past 72 hours said that as of Wednesday evening Elin has been offered a $5 million payment immediately if she agrees to stay–and her prenuptial agreement is being revised to give her up to an additional $55 million.
Comcast, GE Strike Deal; Vivendi to Sell NBC Stake (WSJ)
Comcast now owns the majority of Maria’s ass.

Comments (44)

  1. Posted by guest | December 3, 2009 at 8:32 AM

    I’ll stay with Tiger for 5 mm up front.
    -KL

  2. Posted by guest | December 3, 2009 at 8:37 AM

    UBS Sucks

  3. Posted by guest | December 3, 2009 at 8:38 AM

    @2 you’re slipping. story is about RBS, not UBS. R-BS. Not UBS.

  4. Posted by guest | December 3, 2009 at 8:42 AM

    Hey Tiger: Leasing is always cheaper than buying. $60 Million? Well, I guess we don’t have to argue anymore about whether the mrs is a prostitute. For $60MM she better make you bleed out of your eyeballs….

  5. Posted by guest | December 3, 2009 at 8:46 AM

    @3 sucks.

  6. Posted by guest | December 3, 2009 at 8:47 AM

    18 years, 18 years
    She got one of your kids got you for 18 years
    I know somebody paying child support for one of his kids
    His baby mamma’s car and crib is bigger than his
    You will see him on TV any given Sunday
    Win the Masters Cup and drive off in a Hyundai
    She was suppose to buy you shorty TYCO with your money
    She went to the doctor got lypo with your money
    She walking around looking like Michael with your money
    Should of got that insured got GEICO for your money
    If you ant no punk holla we want prenup
    WE WANT PRENUP! Yeah
    It’s something that you need to have
    ‘Cause when she leave yo ass she gone leave with half
    18 years, 18 years
    And on her 18th birthday he found out it wasn’t his

  7. Posted by guest | December 3, 2009 at 8:48 AM

    God’s workers incude ‘Neo’ (lithic men.)
    “NEOs
     Our Named Executive Officers (“NEOs”) have extensive firm tenure, with experience across multiple
    operating divisions and geographic regions”
    Being a NEO is the new killing.

  8. Posted by guest | December 3, 2009 at 8:56 AM

    i wud blow tiger
    -dennis K

  9. Posted by guest | December 3, 2009 at 9:02 AM

    um, if she stays why would she need to ask for 5 mil? wouldn’t she have access to way more than that by default?

  10. Posted by guest | December 3, 2009 at 9:03 AM

    Comcast’s buying NBC? That’s going to put a damper on 30 Rock’s microwave jokes…

  11. Posted by guest | December 3, 2009 at 9:04 AM

    So for $55mm he gets to cheat all he wants and she has to sit there and take it for 2 years?

  12. Posted by guest | December 3, 2009 at 9:11 AM

    Elin-
    Call me.
    Meredith Baxter

  13. Posted by Tax Chick | December 3, 2009 at 9:14 AM

    @9 – no. T probably doesn’t even have access to his money. Often managers put their clients on allowances. The $5MM would be in an account that only she has access to. It would be her own personal slush fund.
    @11 – who the fuck cares. Pay me $55MM, and you can sleep with anything you want to. No one said she can’t whore around on him.

  14. Posted by guest | December 3, 2009 at 9:20 AM

    Tax Chick and Elin:
    Call me.
    ~Warren

  15. Posted by guest | December 3, 2009 at 9:21 AM

    I think Jack Nicklaus’ record of 18 majors is safe now. I hope Tiger gets mercilously heckled for the rest of his career.

  16. Posted by guest | December 3, 2009 at 9:23 AM

    Thanks to Tiger for making John Daly look good again.

  17. Posted by mrpink | December 3, 2009 at 9:28 AM

    @6 – FTW.
    -mrp

  18. Posted by NakedShort | December 3, 2009 at 9:29 AM

    Why oh why is it so hard for super rich people to keep their ding dongs in their pants? You’re rich, successful and frankly have a shitload to lose by cheating.
    Just jerk off to Brazilian Fart Fetish Porn on your computer like the rest of us married asshols.

  19. Posted by guest | December 3, 2009 at 9:40 AM

    @3 there was a joke going around some time ago that UBS and RBS were going to merge and call the combined company URBS

  20. Posted by american bandersnatch | December 3, 2009 at 9:40 AM

    @18 – Sarcasm right?

  21. Posted by CoveredLong | December 3, 2009 at 9:43 AM

    @19 – HAHAHAHAHAHAHAHAHAHAHAHAHAAHAHA…whew…HAHAHAHAHAHAHA.

  22. Posted by guest | December 3, 2009 at 9:52 AM

    @16 Who would have imagined the day when Tiger looks like more of a trash can than Daly

  23. Posted by guest | December 3, 2009 at 9:57 AM

    @ 16, I have always imagined it. Sen Byrd, (D) WV

  24. Posted by guest | December 3, 2009 at 9:58 AM

    I know a guy whose wife hooked up with Toger back in the late 90s. Apparently he has a cone shaped peen

  25. Posted by guest | December 3, 2009 at 9:59 AM

    Liveblogging today?

  26. Posted by guest | December 3, 2009 at 9:59 AM

    the pic is great, but I still think all stories re: goldman bonuses should feature the clip of tom cruise at the end of tropic thunder
    http://www.youtube.com/watch?v=sPasYRPEZ8c

  27. Posted by Investorcluzo | December 3, 2009 at 10:08 AM

    fred couples is also known to be a “playa” on tour. all of these seemingly mild mannered guys playing the “gentlemen’s sport” where you call penalties on yourself can’t seem to play by the rules of marriage. wtf? c’mon folks, if you want to play, don’t buy the rock…why does america hate single people?

  28. Posted by Tax Chick | December 3, 2009 at 10:09 AM

    @18/NS – not an affiliction suffered by only the super rich. But because they are super rich, us plebs get to hear all about it from the media. If you banged your neighbor’s wife, none of us would know nor care. Your wife, on the other hand, might smash your face in.

  29. Posted by guest | December 3, 2009 at 10:09 AM

    Back in the day, @19, it was alleged that Enron was going to merge with Mobil and the resulting entity would be called “Moron”.
    ~J. Skilling
    FCC Frosty
    Bluenuts, MN

  30. Posted by guest | December 3, 2009 at 10:11 AM

    My friends call me whiskers.
    Dennis Kneale

  31. Posted by guest | December 3, 2009 at 10:13 AM

    @29 nothing can top the Nigeria National Petroleum / Gazprom JV, and that one actually happened http://news.bbc.co.uk/2/hi/8118721.stm)
    -19

  32. Posted by guest | December 3, 2009 at 10:15 AM

    We, the undersigned, say this: A man must be true to his woman.
    ~K. Bryant
    ~B. Clinton
    ~M. Gibson
    ~W. Buffett
    ~M. Sanford

  33. Posted by guest | December 3, 2009 at 10:17 AM

    29 needs to merge with 3 in order to survive.

  34. Posted by guest | December 3, 2009 at 10:17 AM

    Tiger definitely overpaid
    -Kobe B.

  35. Posted by guest | December 3, 2009 at 10:19 AM

    32=racist.

  36. Posted by guest | December 3, 2009 at 10:20 AM

    @19 …re your comment @31……
    Do not forget PowerGen’s foray into the Italian market with “PowerGenItalia….”. They even have a website.
    ~@29

  37. Posted by NakedShort | December 3, 2009 at 10:21 AM

    @28/TC
    Thats why she doesnt know where I keep my golf clubs.

  38. Posted by guest | December 3, 2009 at 10:24 AM

    @32: Play on players.
    E. Spitzer

  39. Posted by Tapecracker | December 3, 2009 at 10:25 AM

    Tiger Woods is the new “too big to fail”

  40. Posted by guest | December 3, 2009 at 10:26 AM

    @29/36 unfortunately too good to be true: http://www.snopes.com/business/names/powergen.asp
    -19/31

  41. Posted by guest | December 3, 2009 at 10:27 AM

    URBS would suck.

  42. Posted by PantsedMyShorts | December 3, 2009 at 10:50 AM

    Moland Spring sucks

  43. Posted by BSD | December 3, 2009 at 11:09 AM

    GS analysts are clearly slacking off. Aside from the rampant formatting errors, see page 8:
    “This is further demonstrated by the fact that between 2000 and 2007, compensation’s CAGR was lower than
    Revenues, EPS and BVPS” Then look at EPS vs.Comp in 2000-2003.

  44. Posted by guest | December 3, 2009 at 11:44 AM

    @BSD
    “the fact that for the period 2000 through 2007″
    -fify

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