All we’ve heard so far is average overall comp of $200k for first year associates, with about 25% of their bonus going into the “long term incentive” jar. Apparently mostsome people are putting off deciding how they feel about this until hearing how things pan out and Goldman (though not this guy). (And of course you’ve got this guy, getting nada, which would hurt a lot more if he didn’t have Cher to get him through the pain.)
Cher
Sleeping late, stepping on grapes, and attending Cher concerts– as a VIP, natch– mostly.
As Mr. Gorman continues to get his stride, he will have Mr. Mack peering over his shoulder as chairman for at least the next two years. Mr. Mack says he’s looking forward to spending more time at his Tuscan vineyard and shows off a picture of himself standing beside Cher backstage in Las Vegas, as well as other mementos from a 40-year career. “I really like my new role,” he says. “I didn’t come to work until 9:30 today!”
Don’t worry, investors, returns are still a’ poppin’. But I cannot in good conscience not let you know that while your money is safe, for now, it’s very likely that your next letter from Chicago is going to be a tear stained one. He’s putting on a brave face, but Ken Griffin is hurting. We’ve just received word that after paying $11.38 million for two lots at the Four Seasons’ Hualalai resort, for the express purpose of being neighbors with Cher, the singer has up and decided to auction off her property next door.
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