• 19 Jun 2014 at 2:01 PM

You Can Take The Mortgage Trader Out Of Bear…

Salem said he and other traders in his group didn’t mind getting paid a lower percentage of their produced revenue than other parts of the firm. Salem said he did find it “a little bit insulting” that Jeff Verschleiser, a trading executive who was hired from Bear Stearns Cos. in 2008, kept a box of toaster ovens at his desk that he would award to employees who made notable trades. [Bloomberg]

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Comments (5)

  1. Posted by guest | June 19, 2014 at 2:17 PM

    straight class.

  2. Posted by guest | June 19, 2014 at 2:18 PM

    I see nothing wrong with this.

    – big daddy cayne

  3. Posted by Jimmy Blaze | June 19, 2014 at 2:33 PM

    I always had my traders equipped with cooking devices while I was getting lifted. You never know when you ned an emergency hot pocket or toaster strudel up in this bitch

  4. Posted by George Fourman | June 19, 2014 at 3:53 PM

    Toaster ovens are very insulting.

  5. Posted by BigGuy | June 19, 2014 at 5:11 PM

    A little more money, but most appropriate for traders and brokers, even retail brokers, is publicly handing the man a brand new $100 bill.