• bonuses

    Bonus Watch ’13: Man Group

    Nothing to see here.

    / Mar 18, 2013 at 3:42 PM
  • bonuses

    EU Bullies Gang Up on Britain to Approve Bonus Limits

    The surprise camaraderie enjoyed by the U.K. in European circles, vis-à-vis the European Community’s campaign to destroy London’s status as a global financial center, has evaporated as quickly as it appeared. As if to fortify the opinion of Euroskeptics across Great Britain that the U.K.’s European partners are fey, duplicitous and centralizing all at the […]

    / Mar 5, 2013 at 6:08 PM
  • saccapitalfleece2-260x234


    Bonus Watch ’13: SAC Capital

    Back in December, a bunch of recruiters made the bold claim that following the government’s charges against former portfolio manager Mathew Martoma, SAC Capital employees were, if not giving them the time of day, at least waiting a few seconds longer before hanging up the phone. At another firm, the turn events probably would have been cause for concern that the staff would be abandoning ship in short order. Since we’re talking about SAC, though, we figured not only would The Big Guy & Co not be concerned about the prospect of mass resignations but would take the opportunity to remind people that this is SAC Capital and at SAC Capital, they don’t receive resignation letters, they only issue pink slips, lest anyone be getting any ideas. So you can imagine our shock and horror to find out this happened:

    / Jan 9, 2013 at 12:01 PM
  • bonuses, News

    Bonus Watch ’11: Jefferies Employees Might Not Want To Make Any Sudden Movements

    Maybe you’re a Jefferies employee who thinks the light at the end of the tunnel is near. Bonus time’s a’ comin’ and once you get yours, you’re out of this place, you’ve told family and close friends. Just a couple more months and you can bust out. Break free. Live again. Just gotta wait for […]

    / Dec 13, 2011 at 4:20 PM
  • bonuses

    Bonus Watch ’11: James Gorman Advises MD’s To Keep Their Expectation Low

    Really low. Like lucky if you get a free cannoli low.

    / Oct 5, 2011 at 2:25 PM
  • bonuses

    Bonus Watch ’11: UBS Might Not Be Paying Out Bonuses In The Traditional Sense Of The Word

    Will you be thanked for your hard, non-rogue-esque work over the year? Probably. Will you receive any actual money? Probably not.

    / Sep 16, 2011 at 10:27 AM
  • bonuses, Lawrence Lewitinn, Portfolio, Private Equity

    Fortress Makes Sure Someone’s Doing Better Than Cheeseball Rockstars

    How’s your PnL looking so far this year? Happy your long dollar position is starting to look good? Or are you annoying your b-school alumni affairs office asking them to post more jobs for experienced grads (Hey, Columbia, are you reading this? Get to work!). Either way, if you have time to read this, I’ll […]

    / Aug 11, 2008 at 11:05 AM
  • bonuses

    Shocker: Bonuses Will Be Down In 2008

    The Wall Street bonus pool will be even shallower this year, according to the most obvious report ever. As merger activity slows and banks write down billions of dollars of assets, bonuses for investment bankers and stock and bond traders could decline by at least 10 percent in 2008, while top executive bonuses could fall […]

    / May 15, 2008 at 11:19 AM
  • bonuses

    Eating Out (On Charlie Gasparino)

    Those watching CNBC’s “The Call” circa 11:30 this morning know that Charlie Gasparino lost a bet to Mary Thompson over how big Lloyd Blankfein’s package would be this year, with Melissa Francis officiating. The terms of the wager stated that the loser had to buy dinner at Campagnola. Interestingly enough, No Sleeves claims that he […]

    / Jan 31, 2008 at 2:24 PM
  • bonuses

    In Defense of Wall Street Bonuses

    The worst fears of investment bankers regarding bonuses have not come to pass. Declining profits at many Wall Street banks, record breaking losses at some, and dire predictions from compensation experts gave rise to a fear that bonuses paid to bankers, traders and brokers would decline precipitously. That has not happened. Wall Street bonuses grew […]

    / Jan 18, 2008 at 9:01 AM
  • bonuses, Merrill Lynch

    Setting The Story Straight On The Merrill Bonus Rage

    Earlier this afternoon, CNBC’s Charlie Gasparino reported that some guy in Merrill Lynch’s fixed income research group had “inappropriately relieved” himself in protest of the downsizing of his bonus. Merrill has officially explained that this was simply an unfortunate accident, and then the bank turned red and scurried to the other side of the room. […]

    / Jan 11, 2008 at 2:16 PM
  • bonuses, Goldman Sachs

    This Is Almost Too Much To Bear

    We like to think our time working for this e-rag has given us, if not company-supplied dental insurance, a strong stomach, able to withstand the most hideous, funky tasting spunk of news. But this truly makes us want to gag: Goldman employees getting shit bonuses. Makes you want to gag, too, doesn’t it? According the […]

    / Jan 7, 2008 at 10:14 AM
  • bonuses

    Bonus Watch: Bear Stearns Bonus Wipe Out Hangover

    Yesterday the lads and lasses at Bear Stearns got their bonus numbers, which means that last night was ridiculous. It’s almost always this way around bonus time, with young bankers drinking themselves stupid either the celebrate a great year or mourn the final, appalling truth about their compensation numbers. One young Bear-ette who last night […]

    / Dec 18, 2007 at 12:30 PM
  • bonuses

    Bonus Watch: Morgan Stanley and Bear Stearns Bonus Numbers Hit

    We’ve had word that Morgan Stanley and Bear Stearns had the bonus communications go out last night. Information on both is still sketchy and we’ll update you as we get more details. (Send what you know to or text it to our text tips hotline: 973-495-0177. We can be instant messaged at TheDealBreakers.) We […]

    / Dec 18, 2007 at 10:47 AM
  • bonuses, Merrill Lynch

    Bonus Watch: Merrill Cuts Fixed Income Bonus By 40%

    It seems that the forty-percent bonus wipe-out we reported this morning is fast becoming the industry standard, at least for certain fixed-income groups. Merrill Lynch, which reported a $2.24 billion third-quarter loss and was forced to seek help from outsider investors, has given out orders to fixed-income managers to cut 2007 bonuses by an average […]

    / Dec 17, 2007 at 4:46 PM
  • bonuses, JPMorganChase

    Bonus Watch: JP Morgan Structured Credit Drops 40%

    In the latest round of bonus wipe-outs, it seems the JP Morgan’s structured credit group is feeling the pain of the credit crunch in its bonus numbers this year. Nearly every member of the small group will see it’s bonuses decline this year as compared to last year, with the total year end incentive pay […]

    / Dec 17, 2007 at 12:27 PM
  • bonuses

    Credit Crunch Bonus Watch: Bear Stearns Compensation Declines

    The bonus conversation have begun. We’ve heard word that some folks at Goldman are getting the news today. Yesterday’s big news came from Bear Stearns, where at least some were told that with bonus their total compensation would be between 13% and 16% smaller than last year. Send us your bonus news and rumors: […]

    / Dec 12, 2007 at 3:52 PM
  • bonuses, Goldman Sachs, Lloyd Blankfein

    Goldman Sachs Still Doing The Big Bonus Thing, Boring Lloyd Blankfein To Silent Tears

    Goldman Sachs is set to pay Lloyd Blankfein $75 million in stock and cash this December, $20 million more than he took home last year. How groundbreaking. Seriously, a Goldman employee being paid a ton of money, while Bear Stearns tries to cover up the fact that last week it bounced 15,516 checks at the […]

    / Nov 12, 2007 at 11:01 AM
  • bonuses

    UBS Caps Cash Comp At $750K

    For months now we’ve been talking about the likely downward trend in bonuses on Wall Street this year. And now UBS has declared it a reality. They’ve announced a cash pay cap of $750,000 for investment bankers and traders, with additional compensation to be paid in stock. Send your bonus rumors and, if you want, […]

    / Nov 12, 2007 at 11:00 AM
  • bonuses

    $92.17 Is Actually Far More Than MER Employees Are Going To Get So Scratch Them From The List Straightway

    The Wall Street Journal’s question of the day today is “What size bonus do you expect to get this year?” One response was: “I do get a bonus, and it will be much larger than last year’s owing to both company and individual performance ratings, plus a promotion.” Another: “Bonus??? What bonus??? Not sure if […]

    / Nov 7, 2007 at 4:04 PM
  • bonuses, Goldman Sachs

    Talkin’ Bonuses: “Everyone wants to shoot a lion,” but not everyone can afford to shoot a lion, now can they?

    Oh noes! South African breeding operations like Leigh Fletcher’s, which provide hundreds of lions each year for hunters like you and me to stalk and kill in an enclosed area for sport, are being shafted by both animal rights groups and the government, the god damn government. This matters because, in turn, you and I—people […]

    / Nov 7, 2007 at 3:10 PM
  • 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
  • bonuses, Merrill Lynch

    Merrill Lynch Recalibrates Its Definition of “Best Performing” In Light Of The Circumstances

    This is horrifying—the securities firm that just lost $2.24 billion in one quarter is now saying it may be reducing year-end bonuses. Never have we ever been so inclined to say, WTF, O’Neal? WTF. Oh wait, hold on: MER “remains focused on paying its best performing employees competitively.” So what all you Lynchies need to […]

    / Oct 24, 2007 at 12:21 PM
  • Bear Stearns, bonuses, Goldman Sachs

    Bonuses: There May Be A Rhyme/Reason To These Things

    And it seems to be, roughly: – Don’t monumentally fuck up–> get a nice bonus. – Screw things up beyond all of our wildest hopes and dreams–> don’t get a nice bonus. Reuters reports that Bear Stearns’s nine-month compensation fell 6 percent to $3.10 billion ($199,730/employee). Payout for all of last year was $4.34 billion. […]

    / Sep 24, 2007 at 11:42 AM
  • Banks, bonuses

    Investment Bankers Apprehensive In June

    Accounting and finance workers were anxious in June, reports. Despite record bonuses this summer, the Hudson Accounting and Finance Employment Index fell sharply last month. Compared to May, more of those surveyed believed their firms would lay off employees, more people were unhappy with their current jobs and more people believed their personal finances […]

    / Jul 5, 2007 at 3:46 PM

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