Goldman 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.
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I’ll stay with Tiger for 5 mm up front.
-KL
UBS Sucks
@2 you’re slipping. story is about RBS, not UBS. R-BS. Not UBS.
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….
@3 sucks.
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
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.
i wud blow tiger
-dennis K
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?
Comcast’s buying NBC? That’s going to put a damper on 30 Rock’s microwave jokes…
So for $55mm he gets to cheat all he wants and she has to sit there and take it for 2 years?
Elin-
Call me.
Meredith Baxter
@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.
Tax Chick and Elin:
Call me.
~Warren
I think Jack Nicklaus’ record of 18 majors is safe now. I hope Tiger gets mercilously heckled for the rest of his career.
Thanks to Tiger for making John Daly look good again.
@6 – FTW.
-mrp
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.
@3 there was a joke going around some time ago that UBS and RBS were going to merge and call the combined company URBS
@18 – Sarcasm right?
@19 – HAHAHAHAHAHAHAHAHAHAHAHAHAAHAHA…whew…HAHAHAHAHAHAHA.
@16 Who would have imagined the day when Tiger looks like more of a trash can than Daly
@ 16, I have always imagined it. Sen Byrd, (D) WV
I know a guy whose wife hooked up with Toger back in the late 90s. Apparently he has a cone shaped peen
Liveblogging today?
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
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?
@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.
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
My friends call me whiskers.
Dennis Kneale
@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
We, the undersigned, say this: A man must be true to his woman.
~K. Bryant
~B. Clinton
~M. Gibson
~W. Buffett
~M. Sanford
29 needs to merge with 3 in order to survive.
Tiger definitely overpaid
-Kobe B.
32=racist.
@19 …re your comment @31……
Do not forget PowerGen’s foray into the Italian market with “PowerGenItalia….”. They even have a website.
~@29
@28/TC
Thats why she doesnt know where I keep my golf clubs.
@32: Play on players.
E. Spitzer
Tiger Woods is the new “too big to fail”
@29/36 unfortunately too good to be true: http://www.snopes.com/business/names/powergen.asp
-19/31
URBS would suck.
Moland Spring sucks
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.
@BSD
“the fact that for the period 2000 through 2007″
-fify