• BonusBumper, bonuses

    Bonus Bumper: Merrill Bottoms Compensation List, Goldman Tops.

    “Worst paid employees” is not exactly a desirable reputation for a Wall Street firm looking to recover from huge losses and a chaotic, messy chief executive exit. But Merrill Lynch may be stuck with that unless it dramatically increases its compensation costs in the fourth quarter. Reuters has run through the earnings reports for Wall […]

    / Oct 29, 2007 at 10:57 AM
  • BonusBumper, bonuses, Merrill Lynch

    BonusDumper: Merrill Lynch Has Less Money For More People

    One of the things that Merrill Lynch did to pare its losses in it’s disasterous third-quarter is to dramatically slash compensation costs. Merrill Lynch recorded just under $2 billion on compensation and benefits costs during the third quarter, about half of what of it said it spent during the same period a year ago and […]

    / Oct 25, 2007 at 3:42 PM
  • BonusBumper

    Bonuses To Be Bumped Down*

    This Options Group, which tracks all things pay and hiring related on the Street, thinks bonuses will decline as much as 5% in 2007. This would be the first bonus cut in 5 years. Usually more concrete discussions about year-end bonuses start to happen in October and the potential pool becomes clearer. Our current intelligence […]

    / Aug 23, 2007 at 4:12 PM
  • BonusBumper, Jim Cramer, Subprime Mortgages

    BonusBumping This Year Not Expected To Yield Sour Grapes, Just Grapes Of Wrath

    The general feedback to our BonusBumper feature was that it slightly overstated things. Initial reports across the Street reported $110k bonuses for first years at the highest paying banks. When numbers started coming in, most reports we received confirmed that bonuses were $90k – $100k for first years at the top of the range at […]

    / Aug 14, 2007 at 10:59 AM
  • BonusBumper, Merrill Lynch

    Merrill Lynch Has Just Sent You An E-vite…For Identity Theft

    On July 17, a device containing confidential employee information, including yours (if you have an at ml dot come e-mail address), was reported stolen from a Merrill Lynch office. It remains at large. Today, someone from ML IT informed the Lynchettes about this breach of security. The writer of the “Personal Information Security Alert” sounded […]

    / Aug 7, 2007 at 3:35 PM
  • BonusBumper

    BonusBumper 2007: The Final Countdown

    Here’s the latest BonusBumper chart. Thanks UBS, for driving down the median. Bonus numbers are starting to roll in, and while there isn’t any speculation on whether bonuses are higher than the amounts listed, there is speculation that they may be a tad lower. It’s also possible that the majority of bonuses have diverged so […]

    / Jun 29, 2007 at 10:00 AM
  • BonusBumper

    BonusBumper UPDATE: It’s about that time

    The first round of banks are about to give bonus numbers for analysts. Here’s the latest BonusBumper chart. There still are a few notable absences – UBS, Credit Suisse, Lazard and SUNTRUST. Also if anyone has any info on bonuses of analysts in equity research groups, send it to – tips at dealbreaker dot com.

    / Jun 12, 2007 at 2:00 PM
  • BonusBumper

    BonusBumer UPDATE

    Latest bonus charts, now with 100% more RBC Capital Markets. The median bonus has risen a full $5k per year since the BonusBumer exercise began – so keep emailing in and pressuring staffers to bump those bonuses! Send info to : tips at dealbreaker dot com.

    / May 24, 2007 at 10:23 AM
  • BonusBumper, Warren Buffett

    Every 42 seconds, the BEST first year analyst at Goldman makes a dollar

    Or 0.59 tubes of ChapStick, which considering how much this person is going to suck, will be sorely needed. What is the real purchasing power of these bloated analyst bonuses, or at least how long will it take to save up for that Phantom Drophead convertible? Thanks to Forbes’ “Money Meter” you can find out, […]

    / May 23, 2007 at 1:25 PM
  • BonusBumper

    How much are bonuses really being bumped this year?

    Compensation consultant Johnson Associates projects that trader and IB bonuses will increase up to 15% from last year, although this is slightly less than the 17% growth the securities industry bonus pool experienced last year. Private equity bonus pools are expected to increase 20%+, mostly because of deal volume, but also because they’re still scrambling […]

    / May 22, 2007 at 3:40 PM
  • BonusBumper

    BonusBumper UPDATE: Lehman’s Revenge

    I bumped Lehman, after a slew of emails, comments and a couple of poisoned goldfish really brought Lehman’s planned comp package into focus for this year. Still no word on UBS, Credit Suisse, Lazard or SUNTRUST, but plug those holes (or bump those existing bonus numbers) by sending any info to: tips at dealbreaker dot […]

    / May 22, 2007 at 12:50 PM
  • BonusBumper

    Case of the Mondays BonusBumper UPDATE

    To all the IB analysts – since everyone but you will have next Monday off (at least you get to wear jeans), here is an updated taste of your comp for this year. Recent additions include BoA (the $50k you get to just hang out for a year not included) and Bank of Montreal, despite […]

    / May 21, 2007 at 10:53 AM
  • BonusBumper

    BMO ditches its very own Brian Hunter(s), loses more than you think it did

    We already knew Bank of Montreal lost a bunch of money on natural gas trading, as the bank revealed to investors in late April that it had pretax commodity trading losses between C$350mm-C$450mm. This estimate turned out to be juuuuuust a bit outside, as BMO revealed today that pretax losses were actually C$680mm. Whoops. Fortunately, […]

    / May 17, 2007 at 10:05 AM
  • BonusBumper

    BonusBumper Update: The Star System

    There aren’t any updates to the BonusBumer chart today (you can check the latest chart out here). We encourage you to send any new info, especially the missing pieces of the puzzle (there are several banks absent from the list), to “tips at dealbreaker dot com.” Instead of a bonus update, a bonus digression: It’s […]

    / May 16, 2007 at 8:45 AM
  • BonusBumper

    DealBreaker BonusBumper 2007 UPDATE

    The only real mover in the daily BonusBumper update is Wachovia, which several people pointed was not in the bottom bonus tier. This, according to the analyst program coordinator (den mother?), who at least said Wachovia was going to pay at the top of the market. Someone might want to tell this coordinator to relay […]

    / May 15, 2007 at 9:38 AM
  • BonusBumper

    DealBreaker BonusBumper 2007 UPDATE

    Last week we urged you to send in those projected end of year analyst bonus numbers. Here’s the info we received so far: The sources for these range from staffers to analysts to just what random people have been hearing. Of course, SunTrust will inevitably top market, but right now Goldman and Merrill are the […]

    / May 14, 2007 at 8:20 AM
  • BonusBumper

    DealBreaker BonusBumper 2007

    When I was a professional ankle holder analyst at JPMorgan, before analyst bonus rumor season (starting very soon) a bunch of us would start an elaborate disinformation campaign. One of our mainstays was to claim that SunTrust, a large but still relatively obscure (at least in terms of a major Wall Street advisory practice) southeastern […]

    / May 11, 2007 at 4:05 PM

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