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Bonus Watch ’10-12: The Self-Described Michael Jordan Of Goldman Sachs

Deeb Salem certainly has no shortage of regard for himself. What he does not have is an extra $21 million from his former employer.

Deeb Salem, who worked on Goldman’s mortgage trading desk, had been seeking more than $21 million in compensation as well as legal costs and other penalties, according to the ruling by a Financial Industry Regulatory Authority arbitration panel.

Salem filed the claim last April, and Goldman sought to dismiss it in June. The panel granted Goldman’s request on March 17….

Salem gained some notoriety after the financial crisis because a U.S. Senate panel included his own performance review for 2007. In the review, he detailed what he described as Goldman’s plan to put a “short squeeze” on the mortgage market. He also described himself as an expert trader and said he deserved to be promoted to managing director.

“I am as competitive as Michael Jordan,” Salem wrote, according to Senate documents. “I don’t just want to win – I want to win every time and I want to steamroll the opposition.”

In his Finra claim against Goldman, Salem said he deserved higher bonuses for 2010 and 2011, and a bonus and deferred compensation that he did not receive for 2012.

Goldman Sachs wins pay dispute with former trader: filing [Reuters]

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14 Responses to “Bonus Watch ’10-12: The Self-Described Michael Jordan Of Goldman Sachs”

  1. guest says:

    You better be competitive with a name like Deeb. Kudos to his parents for putting that everlasting chip on his shoulder and producing such an upstanding citizen.

  2. Guesticle says:

    My hero!

    -Med student/aspiring finance gamer

  3. Guest says:

    wait; didn't we just see his resume that was for the internship job?

  4. Guest says:

    why is he a former employee? did he jump or was he pushed?

  5. MacCBOE says:

    Michael Jordan works a mortgage desk now?

  6. MBS was the best says:

    Impossible is nothing…except getting Goldman to pay you

  7. maybe goldman pay me ;-)