• 14 Feb 2013 at 3:58 PM

Bonus Watch ’13: Won’t Anyone Think Of Strippers?

Clawbacks, deferred compensation, layoffs timed to occur days before bonuses are paid, not to mention lectures re: not buying clients a couple dozen lap dances because it’s a day ending in ‘y’ hurt them too, y’know.

Bars, restaurants, real estate agents and even strip clubs that rely on the often extravagant spending of bankers in London’s financial district are reporting a decline in trade from steep job losses and cuts in bonuses. “We are worried, we are always worried,” Pierre Smit, front of house manager of 1 Lombard Street, a high profile restaurant in the heart of the City, told CNBC. “It’s such a sensitive market that anything negative that happens in the City has a direct impact on our business. Companies don’t have the money to spend like before, there isn’t the same amount of money on company cards. The spend-per-head has dropped tremendously,” he said…Strip clubs are also feeling the pinch. “They tell me inside on the floor that business is going down,the customers are spending less money, there’s a smaller amount of people coming in now,” a source at a prominent central London strip club told CNBC.

Strip Clubs to Bars Feel the Pain of London Banking Cuts [CNBC via Lauren LaCapra]

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Comments (7)

  1. Posted by Anonymous | February 14, 2013 at 4:08 PM


  2. Posted by Mrs_Slocombe | February 14, 2013 at 4:10 PM

    2 for 1 lap dances?

  3. Posted by Guest | February 14, 2013 at 4:11 PM

    Strip clubs feeling the pinch? Business is going down? Seriously? What's left for Shecky?

  4. Posted by Guest | February 14, 2013 at 4:17 PM

    Williston, North Dakota is the new Piccadilly

  5. Posted by Matt L. | February 14, 2013 at 4:26 PM

    Proper discount rate hasn't yet been determined, taking a president's day trip to London to investigate, yes, will be using regular Excel 2010.

  6. Posted by Guest | February 14, 2013 at 4:29 PM

    My spend-per-head in strip clubs usually goes up on valentines day

  7. Posted by EQ in Dallas | February 14, 2013 at 5:37 PM

    Trust your gut feeling