bonuses

  • 13 Dec 2013 at 3:14 PM

Bonus Watch ’13: No Bonus Caps For You!

If you are a banker in Europe who makes less than 1 million euros and also aren’t in a position to burn the place down. Read more »

Bernard Madoff’s former computer programmers asked for payment in diamonds to continue aiding the con man’s $17 billion Ponzi scheme in 2006 after they became uncomfortable with their role, a jury was told. The “crazy” request from Jerome O’Hara and George Perez was turned down and the men were given salary increases and bonuses, Frank DiPascali, Madoff’s former finance chief, testified today in Manhattan federal court in the trial of the men and three other ex-colleagues. “Where the hell am I gonna get a bag of diamonds?” said DiPascali, who pleaded guilty in the case and is testifying in a bid for a lighter sentence. The programmers, who said they were “in a bit of a pickle,” agreed on a “fairly substantial percentage increase” to their salaries, he said. [Bloomberg]

  • 02 Dec 2013 at 2:58 PM
  • Banks

Bonus Watch ’13: A League Table That Citigroup Is On Top Of

The House of Corbat was the place to be on Friday in London. Read more »

  • 26 Nov 2013 at 5:29 PM

Bonus Watch ’13: Jon Stewart’s Brother

According to Charlie Gasparino, Larry Leibowitz (far left) is going to fare pretty okay for himself upon bidding the NYSE adieu. Read more »

  • 21 Nov 2013 at 6:03 PM

Bonus Watch ’13: JP Morgan

If you liked your bonus in 2012, you’ll love what’s coming to you this year. Read more »

Others, not so much. Read more »

As many of you well know, a time-honored tradition on Wall Street is complaining about the size of one’s bonus. It’s a ritual that financial services employees look forward to their whole year and occurs not only in bad times but in good. So cherished is the annual bitching o’ bonuses that even if one is paid an extremely handsome sum, to find out the guy or girl sitting them received $10 or $20 dollars more is to trigger a response that involves angry typing to a colleague about the injustice and a hissy-fit of impotent rage punctuated with threats of considering options elsewhere. According to Lloyd Blankfein, though, Goldman Sachs employees are different and recognize that if they have to make a little less money here and there, it’s for a greater good. Read more »