Comments on: Jamie Dimon Has Had It With The Bonus Bashing

By: Guest

Guest — Fri, 28 Jan 2011 18:10:00 +0000

there is plenty of research on how high bonuses have no influence on performance. If your bonus is clouding your mind — another sign of what a bad influence bonus could be…

By: GGG

GGG — Fri, 28 Jan 2011 18:08:00 +0000

I dont see how jobs that are not directly related to number (trading jobs) can be evaluated with bonuses that are say more than 20% of the salary — based on what? People are not paid for their hard work, if that were true — just increase their base. Bonuses in these jobs create politicking and stagnation.

By: GGG

GGG — Fri, 28 Jan 2011 18:08:00 +0000

By: guest

guest — Wed, 13 Jan 2010 22:52:01 +0000

@97, reread my point. I'm quite aware of the $40 trillion amount, which is why your average person who forwards these nonsense–"Hey we are smarter than government"– solutions are quite ill equipped to understand anything going on. (Or make sensible voting decisions).

By: guest

guest — Wed, 13 Jan 2010 21:22:20 +0000

εκατό

By: guest

guest — Wed, 13 Jan 2010 19:25:33 +0000

… there's only one thing a man can do when he's, suffering from a spiritual and existential funk …

By: NakedShort

NakedShort — Wed, 13 Jan 2010 09:37:02 +0000

I drive a Dodge Stratus!! You don't talk about my Dodge Stratus that way!!

By: guest

guest — Wed, 13 Jan 2010 08:36:03 +0000

@96
um i dont think you realize how much 40 mil x $1 mil is

By: guest

guest — Tue, 12 Jan 2010 23:34:50 +0000

1) Bush and Congress (via lack of adequate mortgage laws and general oversight, screwed up.. as did the average homeowner, who dove in, not knowing how to swim or caring how deep the water).
2) Obama, and Bush, via TARP and liquidy kept us from total collapse and we should be somewhat surprised things are as good as they are.
3) Banks and bankers necessary, and valuable, to keep us from being Haiti or some ass backward backwater.
4) Obama could pull gold from his ass and haters will still be like, "Why isn't that shit Platinum"
5) Eventually we need some sort of national sales or vat tax and major tax reform along with a serious effort to balance the budget.
6) The current Republicans speaking loudest are not equipped for deep thinking on anything. New blood needed.
7) Jamie Dimon is right. This populism nonsense is out of hand, with people sending me email forwards about "Why doesn't the government just give 40 million people near retirement age 1 million each and mandate they buy a car and a home and voila, the problems are fixed." Everybody looking for easy solutions, or trying to pin the tail on one donkey.

By: guest

guest — Tue, 12 Jan 2010 19:53:55 +0000

@91,
Perhaps I'm wrong but you impress me as a man with testicles obscuring his vision.
From now on I'll simply refer to you as DPB.
Yes, the CDS market should be regulated.
If you believe the reimplementation of the gold standard is totally impractical, then why use the phrase "excessive monetary policy with a fiat dollar"?
If you believe that the fractional reserve system should be abolished, then you must also abhor entrepreneurship.
If you believe that the money center banks should have been allowed to fail, it's likely that in the last few years you haven't been close enough to the institutional market to appreciate its global interconnectivity and in the last twenty-four months you haven't been close enough to the problem to appreciate its severity.
If you think that the best alternative was the good bank – bad bank proposal, then you're a hypocrite because the taxpayer would still have picked up the $700bn tab and quantative easing would still have been necessary.
@79

By: guest

guest — Tue, 12 Jan 2010 18:34:36 +0000

#50 – #93:
No one reads you.

By: guest

guest — Tue, 12 Jan 2010 17:54:37 +0000

All this talk about hooks is getting me going!
- Elliot Spitzer

By: guest

guest — Tue, 12 Jan 2010 17:44:51 +0000

@16 – the best you can do is recite the rubbish wall street sympathizers have been spewing out for the last 12 months. I love when people on this board swear in their posts – probably the only time in their life they get to act tough without being hung on a coat hook by the elastic on their briefs.

By: pfluger

pfluger — Tue, 12 Jan 2010 16:59:59 +0000

Uh oh. Expect the waves of populist outrage to continue as word spreads that your outsized bonuses will be spent on $3-5 million dollar Manhattan condos, $35K per year private school for the kiddies (including the illegitate ones), $40K vacations, $50K watches, and $20K watch repair.
If the MM worshipping populist troll reads this, his blood pressure will skyrocket:
http://money.cnn.com/2010/01/11/news/economy/bank...

By: guest

guest — Tue, 12 Jan 2010 16:30:14 +0000

@90 – you are an idiot – look at the option exercises he had while he was at Citi/Travelers – in 98 he made $32.2 million on exercising options and in 97 he made $36.8 million. He also owned nearly 2.5 million shares of Citi when he left in 1998 worth about $100mm. During his last 3 years at Citi/Travelers he averaged about $5mm of salary and bonus per year and he had been with Weill for 15 years prior to that – so he made $50mm in cash comp easy. Read some of the proxies genius – Sandy Weill (your hero's boss back then) made $273mm in compensation in 1997 making him the highest paid executive ever – so you're trying to tell me that his #2 had to borrow $50mm a few years later? You're wrong – JD's net worth was easily over $200mm when he took the Bank One job – he borrowed nothing and you have no clue of the facts.