no seriously WTF

If someone were to tell you that on a comparative basis, you were getting lapped by government employees when it came to compensation and perks, you’d probably find that 1) downright offensive and 2) extremely hard to believe. Maybe you work at allegedly prestigious hedge fund or investment bank. Maybe they tell you that the food they stock in their pantry is the best you can find on the Street. Maybe they plied you with promises of the most delicious refreshments money can buy and maybe they even closed you on the state of the art trading floor fondue pot and men’s room barista. Maybe they thought you had you fooled about the opportunities elsewhere.

For those duking out the perks sections of a new contract, don’t let yourself be taken for a fool. Continue reading »

Despite the fact that Morgan Stanley beat expectations last quarter, things are still not yet peachy keen again at the bank. Brad Hintz fears it’s going to be years before clients put MS back on speed dial, Blackberry usage is stiflingly curtailed, Dick Bové has dropped hints he’s going to go Fatal Attraction on James Gorman’s ass, and come January John Mack will not be around protect everyone with his Tommy gun. Having said that, MS employees are all in a far better place than one of their former colleagues, who had the misfortune of getting involved with a lunatic who chose the reasonable course of framing her for armed robbery after the relationship soured. Continue reading »