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.