cash

  • News

    Bonus Watch ’14: Citi EMEA

    Citigroup’s got (half of) your (total compensation’s) cold hard cash right here.

    / Jan 27, 2014 at 2:57 PM
  • News

    Government Takes 18 Months To Determine Argentine Cash Was Only Literally Dirty

    U.S. federal agents who seized more than $4 million in U.S. banknotes shipped from Alfredo Piano’s Buenos Aires bank uncovered what they claimed was a cache of dirty money…Piano’s banknotes became the subject of recent scrutiny in federal court in Washington, where the bills were named defendants in a lawsuit called U.S. v. $4,245,800 in […]

    / Jan 13, 2014 at 12:42 PM
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    News

    Bonus Watch ’13: Jefferies

    Last year, a li’l investment bank that could called Jefferies paid out bonuses comprised entirely of cash. This proved pretty popular, so this year, CEO Dick Handler has decided to do it again.

    / Dec 20, 2013 at 3:23 PM
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    News

    (Signing) Bonus Watch ’13: Centerview Partners

    Summer analysts were said to receive their offers on Friday.

    / Aug 12, 2013 at 5:28 PM
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    News

    Bonus Watch ’12: Jefferies Has Got Your Cold Hard Cash Right Here

    Back in the day, as in pre-crisis, bonus season on Wall Street was a happy time. Sure, you still had your miserable pricks who would bitch and moan about the fact that they hadn’t gotten as much as the guy who sat next to them, even they the guy who sat next to them was a “non-contributing zero who wouldn’t recognize alpha if it bit him in the ass,” but prior to to fall 2008, anyone who was unhappy about his or her bonus was a) quibbling over receiving a huge sum of money instead of an imperial fuck-ton of money and b) in a position to actually make good on a threat to jump ship, since firms were hiring. Now, with a few exceptions, bonus season makes people feel sad. Angry. Impotent. Like the world is out to get them. Not only has the total amount of one’s bonus come down, but many companies have decreased the cash portion, while increasing the deferral period on stock to, in some cases, almost half a decade. Then you have Jefferies. Last year it let employees decide between an all stock bonus or an all cash bonus with 25% lopped off.  This year the investment bank-cum-butcher shop isn’t even forcing anyone to choose, instead dumping a bag of cash on everyone’s desk and reminding them who loves ‘em.

    / Dec 11, 2012 at 5:52 PM
  • News

    Bonus Watch ’11: Banks Ruined A Lot Of People’s Indecent Proposal Fantasies This Year

    Oh sure, total compensation was up on average but cash bonuses took a nice hit. Want to explain to Lloyd Blankfein et al how they’re supposed to strip naked and roll around in a bunch of company stock?

    / Feb 23, 2011 at 6:09 PM
  • News

    Phil Falcone Would Like To Clear Up A Few Things

    The last month or so has not been the best of times for Phil Falcone. Harbinger Capital’s flagship is down, Goldman Sachs, Blackstone and some others have pulled their money, investors have been giving him shit for borrowing $113 million from one of his funds (where redemptions had been frozen) in order to pay personal […]

    / Dec 2, 2010 at 10:43 AM
  • News

    Caption Contest Thursday

    [Warren Buffett and Bill Gates at the Hollywood Diner in Omaha, picking up the check and “dessert.”]

    / Jun 17, 2010 at 10:29 AM

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