bonuses

“I admire the move by the European Union to restrict the bonuses of that class of privileged civil servants called “bankers” — a recognition that the taxpayers have the right to control the income of those they subsidize and bail out, just as they set the salaries of other state-sponsored workers. Alas, bankers in their current status are an offense to capitalism; they are in a strange situation of having upside without downside, no skin in the game. As an additional insult to the taxpayer, bankers paid themselves the largest bonus pool of their history in 2010 — thanks to Troubled Asset Relief Program. If a banker wants to be free in his income, he should start his own hedge fund. Because hedge fund operators are invested in their funds; they typically have 50 times more risk as a share of their net worth than their largest customer.” [NYT]

  • 23 Jan 2014 at 1:07 PM

Bonus Watch ’14: Credit Suisse

A quick update re: yesterday’s bonus communication day, the update being that Brady Dougan apparently has some ticked off junior mistmakers on his hands. Read more »

  • 22 Jan 2014 at 7:13 PM

Bonus Watch ’14: JP Morgan

If you liked last year’s bonus, you’re gonna love the one coming your way this week. Read more »

  • 17 Jan 2014 at 12:28 PM

Role-Based Pay Watch ’14: Goldman Sachs

Goldman Europe sees your bonus caps and raises you this: Read more »

  • 16 Jan 2014 at 3:05 PM

Bonus Watch ’14: Morgan Stanley

Denizens of the House of Gorman received bonus numbers today. An early reaction from the frontline: Read more »

  • 13 Jan 2014 at 4:31 PM

Bonus Watch ’14: Everyone

Pay predictions for Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, RBS, UBS. Read more »

  • 03 Jan 2014 at 9:37 AM

Bonus Watch ’14: Phil Falcone

Industry ban, shmidunstry ban! Big Phil’s gonna get paid. Read more »