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It’s compensation communication day at the House of Dougan. No word on numbers yet, but the early word is: “No one looks particularly thrilled so far…”
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Bonus is you don't work for UBS.
Pretty sure the “No one looks particularly thrilled” quote could be used any day at CS and not just comp day.
At any large investment bank, any day for the past 5 years, and probably several more years to come.
The bonus will be paid in chocolate bars. But not until after 8pm.
> Go ahead, try to claw that shit back, bitches.
Swiss chocolate at least?
Only top bucket
4 girls 1 bucket
Hey Bess, did you see this?
Credit Suisse should probably expand into the Credit Card market. That's really the future and it only makes sense. Plus, we have a blast at minor league baseball games (VIP Booth)
-Cap One MD
After Eights, mmmm
Equity research bonuses dismal despite record turnover in 2013 among junior and senior covering analysts. Management continues to de-emphasize equity research. Resumes are being updated. Morale reaches new low ahead of move into smaller offices.
Some got a kicker from their bosses but in many cases bosses were underpaid as well in what is ironically dubbed as an "investment" year by the firm after record turnover in 2013. Only investment being made is supporting the bloated 5 person management team.
Couldn't agree more. The biggest cost center is management. Talk about the drag on margins for a part-time job and a job where you get paid to lie blatantly.
Weak mgmt appoints weak divisional heads which push out talent through lacks of variable comp.
Retards appointing retards to look less retarded by comparison.
What's amazing is despite god knows like 30 people walking out last year including several MDs there still isn't money to decently compensate people. Maybe management gets compensated on turnover? In that case they can look forward to minting it again in 2014.
The treatment of the associate EQR pool and some senior analysts is disgusting. Turnover is a joke. Poor managers are putting the banks' reputation at risk.
It's actually sad, CS used to have a solid research franchise till the dawn of the current management's era. Complete waste of space starting with one who has a McKinsey fetish, another than spends time inventing idiotic templates for research, another who should get whacked by the gong that he carries around and the other two side kicks who are vehemently hated by the analyst and associate community.
this is bad all around for EQR folks everywhere, surely some other shops will do the same
Well not Goldman all in comp for good associates $225-$350. Someone knows how to make it rain.
I wish they gave that fruit loop the analyst role he was after…If you're not going to fire him, at least keep that fake laugh contained.