• 28 Jan 2010 at 9:59 AM

John Mack: In The Past, We Took Comp Too Far

By Yaël Bizouati



In the last few years “there’s been some discipline” but bankers “still need to be a lot more thoughtful and sensitive about how they pay themselves.”

Comments (20)

  1. 1
    Posted by guest | January 28, 2010 at 6:03 AM

    Ah, ya think?

  2. 2
    Posted by guest | January 28, 2010 at 6:06 AM

    In the past, we took de-leveraging too far
    John Mack

  3. 3
    Posted by NakedShort | January 28, 2010 at 6:06 AM

    Blankfein: How about a front kick, Feinberg? Get him up, Mack.
    Mack: He's had enough.
    Blankfein: Shut up!
    Mack: He can't even stand up.
    Blankfein: That don't mean squat.
    Mack: Llyod weve paid ourselves enough.
    Blankfein: I'LL DECIDE WHEN WE'VE HAD ENOUGH.
    Mack: What's wrong with you, Lloyd?
    Blankfein: An enemy deserves no mercy.
    Mack: You're crazy, man!

  4. 4
    Posted by guest | January 28, 2010 at 6:11 AM

    HAHHAA Nice job 3, nice job. Mack is trying to walk away being a nice guy, he should walk away with both middle fingers extended in Obamas direction…

  5. 5
    Posted by guest | January 28, 2010 at 6:22 AM

    How about this year, Knifey? All the money you made was barely enough to cover bonuses.

  6. 6
    Posted by guest | January 28, 2010 at 6:28 AM

    @5 – Ahh, I see you have played Knifey/Spooney before.

  7. 7
    Posted by guest | January 28, 2010 at 6:29 AM

    But yes, we're paying 67% of revenue in comp.

  8. 8
    Posted by guest | January 28, 2010 at 6:31 AM

    Translation of Mack comment: "I've got mine."

  9. 9
    Posted by guest | January 28, 2010 at 6:33 AM

    @3:
    Mack: Hey, Blankfein, you know, I was thinking.
    Blankfein: About what, Mack?
    Mack: That maybe we should have a strategy now, you know?
    Blankfein: For what?
    Mack: My future. My whole tournament career.
    Blankfein: Blankfein already have one.
    Mack: Really? What is it?
    Blankfein: Early retirement.

  10. 10
    Posted by guest | January 28, 2010 at 6:41 AM

    iWillnowbepayingmypeoplecrapbecasueiamalreadyloaded

  11. 11
    Posted by guest | January 28, 2010 at 6:48 AM

    Every time it snows, I swear to God, my balls grow 3x their normal size.
    -Guy with huge balls linked to snowy weather

  12. 12
    Posted by guest | January 28, 2010 at 6:54 AM

    @11 – so you'd lose weight, on average, by moving south? That's easier than Atkins!*
    *Atkins proves that not everything GS touches turns to gold.

  13. 13
    Posted by guest | January 28, 2010 at 6:56 AM

    Those dastardly bankers! Unchecked pay. Who do they think they are? Congress?

  14. 14
    Posted by guest | January 28, 2010 at 6:58 AM

    where
    is
    Bess

  15. 15
    Posted by guest | January 28, 2010 at 6:58 AM

    Ape shit

  16. 16
    Posted by Motive Examiner | January 28, 2010 at 7:00 AM

    Dear Ken Feinberg:
    Blow me

  17. 17
    Posted by guest | January 28, 2010 at 7:02 AM

    You can never take comp too far.
    -Barney Frank

  18. 18
    Posted by guest | January 28, 2010 at 7:43 AM

    It's comp day at BAML. Where's the Bonus Watch?

  19. 19
    Posted by guest | January 28, 2010 at 7:50 AM

    Wall St people are the worst. Seriously, go jump in the Hudson.
    "what are the 3rd year ass licker numbers!!?!?!"

  20. 20
    Posted by guest | January 28, 2010 at 9:33 AM

    Mack is angling for the US Treasury Secretary's job. Timmy is on the way out, he's out of work and….
    Not going to happen, I've got him blocked!

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