‘Who Pays Wins’ as Merrill, UBS Lure Bankers With Pay Increases (Bloomberg)
UBS is offering managing directors in its securities unit base pay of as much as 300,000 pounds ($470,000) compared with at least 150,000 pounds last May. Bank of America raised London managing directors’ base pay to about 230,000 pounds, from 150,000 pounds in 2009.
RBS to seek investor green light on executive pay (Reuters)
Lest there be some sort of, you know, revolt or outrage.
UBS Defers Bonuses on Compensation Above $250,000 After Unprofitable Year (Bloomberg)
Deferred stock bonuses for senior employees whose total pay for 2009 exceeds $250,000 to limit compensation costs for the unprofitable year. Beyond that level, 60 percent of bonuses will be paid out in so-called equity ownership plan awards and 40 percent in cash.
Manhattan DA Launches Major Economic Crimes Bureau (NYT)
Manhattan District Attorney Cyrus Vance has created a Major Economic Crimes Bureau as he and other high-profile investigators redouble their efforts to fight financial fraud.
Rocky road to funding for Benihana (NYP)
Coliseum Capital Management, which owns 9.9 percent of Benihana’s Class A shares, outlined its complaints in a tersely worded letter mailed yesterday to Benihana President and CEO Richard Stockinger. “Thus far, the company has not provided a compelling rationale to affect such a potentially dilutive fundraising,” Coliseum Managing Director Adam Gray said in the letter, which was sent by FedEx to Stockinger.
The Great Goldman Sachs Fire Sale of 2008 (Opinionator)
William Cohan: “One wonders if the president would be a bit more begrudging if he knew that at the height of the financial crisis, many of Goldman Sachs’s top deal-makers — although not Blankfein himself — moved quickly to unload their own stock in their firm.”
America’s Top Ten Most Dangerous Drivers By Profession (CNBC)
Nurses (10), dog groomers (6), government workers (3), finance professionals (2).
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
UBS sucks.
@1 still?
@2 bigtime. -1
‘Who Pays Wins’ as Merrill, UBS Lure Bankers With Pay Increases
-Yes, UBS sucks.
RBS to seek investor green light on executive pay
-They don’t need the green light, they pay themselves, until they get caught.
UBS Defers Bonuses on Compensation Above $250,000 After Unprofitable Year
-Yes, UBS sucks.
Manhattan DA Launches Major Economic Crimes Bureau
-Yes, DA’s suck.
Rocky road to funding for Benihana
-Rocky Road is really good, I want that.
The Great Goldman Sachs Fire Sale of 2008
-This writer blows goats, stupid story. The comments are worse.
America’s Top Ten Most Dangerous Drivers By Profession
-Why wouldn’t you just use a driver?
‘Who Pays Wins’ as Merrill, UBS Lure Bankers With Pay Increases
-Yes, UBS sucks.
RBS to seek investor green light on executive pay
-They don’t need the green light, they pay themselves, until they get caught.
UBS Defers Bonuses on Compensation Above $250,000 After Unprofitable Year
-Yes, UBS sucks.
Manhattan DA Launches Major Economic Crimes Bureau
-Yes, DA’s suck.
Rocky road to funding for Benihana
-Rocky Road is really good, I want that.
The Great Goldman Sachs Fire Sale of 2008
-This writer blows goats, stupid story. The comments are worse.
America’s Top Ten Most Dangerous Drivers By Profession
-Why wouldn’t you just use a driver?
Business bad? Fuck you, pay me. Oh, 50% bonus tax? Fuck you, pay me. Place is 84% owned by the UK Gov’t huh? Fuck you, pay me.
-RBSer
@1 you are doing god’$ work. Bravo.
@1 you are doing god’$ work. Bravo.
Not sure why you guys arent getting a bonus – its still OK here.
-AIG quant
RBS sucks harder than UBS. as an employee of the queen, I’d know.
@10 there was a rumor a few months back that UBS and RBS were going to merge and become URBS
Turtle head?
Wow – this webpage has gotten boring as hell. It is pretty hilarious how some young ‘punk’, who has never worked on Wall Street and seems to only have cut and pasting skills feels that she can make derogatory comments about anyone she wants; and edit, remove other people’s comments that are posted on this site.
If this posting is edited or removed, the “shock and awe” that will occur will be greater than any Daisy-cutter bomb.
@13 yawn.
13 = Greg Michaels’ mom
@10, I’ll second that. Until they bring back BJs from the queen, this place is worthless.
@CoveredLong has the Cohan/Goldman stock “dumping” thing right; no f*cking sh*t people were liquidating stock.
Heaven forbid he mentions the % of their overall holdings any of those execs sold, or that many still/currently hold enormous amounts of stock, like vice chairmen who hold hundreds of thousands of shares, etc etc yadda yadda (why does no one at the NYT know how to use edgar/read a form 4?!)
@13 Are you new to this whole interwebs thingamabobber? You basically just described how 98.3% of it works
@ 17, if they knew how to read, they would not be writing.
I am so fucking hungover. Was out celebrating the big US figure skating upset.
13= Woooo if we dont work on WS then we know nothing about the intricacies of your super hard business. You are after all, doing g-d’s work?
If the market tanking hasn’t woken you up, that YOU dont know shit. Then may me telling you, YOU DONT KNOW SHIT. will help.
Shhhhh, quite down lil WS boy in his JoS A. banks suit. No one cares what you think.
@17 are you defending GS?
Cause you can suck a fat dick if you are. Really, no one cares about the feelings of that disgraceful company.
Hey Anal_yst, do you want to pound Johnny Weir in the ass as much as I do?
-Pingy
I dont think the news is making a big enough deal about Tiger’s penis.
@21
Forget to take your meds today? Accidentally find your way here from clusterstock/zerohedge/denninger/etc?
I’m not defending GS, I’m defending honest reporting (which NYT seems entirely incapable of, at least when covering finance/business/economics). You can’t run down a list of all of the sales of GS stock without mentioning the % of each individual’s holdings were sold, etc. Reporting only the side of the story that furthers your (the NYT and/or author’s) agenda is dishonest, at best.
Also, my suits are Hugo Boss, but thanks for playing.
sigh. looks like we better set up some jersey barriers in front of 262 mott just to be safe. be on the lookout for an incoming pt cruiser being driven in an hysterical manner.
Anal_yst,
Thanks for sharing your insight into honest reporting and banker attire.
@26
I’m hardly the one to speak with on the latter, just as the NYT is completely useless re: the former, but you’re welcome, anyway.
@21 you are not welcome here.
@ 21 = union worker or brand manager