bonuses or lack thereof

You’ll get yours in due time, provided your record turns up clean/you didn’t do any favors for any big boys. Read more »

  • 03 Feb 2014 at 1:52 PM

No Bonus For Me, Thanks: Barclays CEO

Reuters reports that for the second year in a row, Barclays Chief Executive Officer Antony Jenkins has turned down the bonus offered to him. This time around, he said that it would be inappropriate to take the money, in light of “the bank’s hefty bill to pay for past problems.” All of this probably comes as a surprise to another CEO, whose name shall not be mentioned, who thought they agreed to put up a united front re: bonus accepting in the face of legal fees, be they Libor, whale, mortgage, or alternate side parking ticket-related, and who at this moment is angrily dictating an email thanking Jenkins for making him look like a Grade A Jackass. Read more »

Andrew Kearns: I was fired on the false claim I have a problem with alcohol. Glencore: We can’t risk having an employee who might come back to the office 10-sheets to the wind, face-plant into his keyboard, and accidentally buy 700.1333333333 million barrels of crude oil. Read more »

The Big C apologizes if anyone was under the impression it’d be paying out bonuses and severance. Happy holidays and stay in touch. Read more »

Last month, it was reported that Louis Freeh, the trustee unwinding the remains of MF Global, would be asking a judge to “approve performance-related payouts for the chief operating officer, finance chief and general counsel at MF Global,” as well as twenty other MF Global employees who stayed on after the firm bit the big one. According to one of Freeh’s advisers, the bonuses were the only way they could retain the talent necessary to deal with this thing and would actually “quite honestly save a considerable amount of the estate’s resources,” as losing the team would mean hiring a bunch of consultants who wouldn’t have the first clue about where the bodies were buried. Unfortunately for those who went out and blew the money they thought they had coming to them, Freeh wasn’t actually serious about paying bonuses. Read more »

Really low. Like lucky if you get a free cannoli low. Read more »

Yesterday we reported that BarCap US IBD had kicked off a new round of cuts, affecting all levels, with the Global Finance target thought to be around 10% of the headcount. We’re also told sacked employees were sent packing with quite the parting gift. Read more »