“Even if a guy is really lazy and has done s*** all year, he’ll still get a £600,000 bonus.” Read more »
Bonus Watch ’11: Drunk BarCap Trader Has Great News For Anyone Who Didn’t Exactly Push Him Or Herself This YearBy Bess Levin
Cuts going down circa now. Read more »
“Bobtimistic” is how Rich Ricci, Barclays Capital’s new co- chief executive officer, described Diamond’s eternally upbeat attitude to assembled executives in September as he introduced a five- minute video send-off tribute, featuring a digital scrapbook titled “The Wonder Years,” with clips of Diamond hiking up his yellow suspenders in 1997 as he talked about making Barclays Capital a bond market leader; a mock image of him dressed like the children’s cartoon character Bob the Builder; his first pep talk to Lehman employees after acquiring the bankrupt broker-dealer in 2008; and photos of him with Rolling Stone Mick Jagger, soccer stars of London’s Chelsea Football Club and pro golfer Phil Mickelson. [Bloomberg]
The previously rumored layoffs at BarCap, expected to affect 7% of the global staff, are apparently going down circa now in New York. That’s all the info we have right at the moment.
Well, this is a set-back. Anna Chapman, the only Russian spy anyone cares about, has had her British citizenship revoked, and the U.K.’s Home Secretary apparently has plans to “exclude” her from the region entirely, as it would be “conducive to the public good.” Read more »
So, first off, Miranda Barker didn’t mean to send her email, re: a higher-up getting pawsy with the staff and spreading his STD’s around the firm like it was his job, to all of Barclays Capital. She just meant to send it to the secretaries, who were the guy’s targets. But, you know, shit happens. Apparently Barker was a little tipsy when she sent out the message and who among us hasn’t accidentally cc’ed our entire address book when warning people of a co-worker’s aggressive attempts to spread his gonorrhea* like wildfire? Read more »