“People are angry because they want to blame somebody else. They don’t take responsibility for their own goddamn lives. ‘I’ve never been promoted, because they don’t like me and there were these guys at AIG, look at them they have free lunches and EZ Pass and look at me I don’t get a free lunch.’ These people make me nuts. Get off your goddamn ass and do something. That’s what the people at AIG did, They picked up their asses and went to work.” [Pressler, related]
Robert Benmosche Is Pretty Sure People Angry At AIG Re: Bailouts Sit At Home Thinking, “Look at them, with their free EZ Passes”By Bess Levin
Alternatively, things are looking up for those hoping to romance an Olympic synchronized swimmer. Read more »
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. Read more »
SUPER excited? Read more »
The Perks Of Being A Blankfein Child Working At Goldman Are Not Necessarily Reflected In One’s Paycheck?By Bess Levin
It’s already been widely reported that Lloyd Blankfein’s son Jonathan will join the the other vampires at Goldman Sachs this summer, after he graduates from Harvard. LB’s older son Alexander (Harvard ’08) already works there, having made it through the a very rigorous interview process that lasted 57 rounds until everyone was sure this kid had what it takes. How much did Alex make last year? According to Goldman’s recent filing with the SEC, $155,000. Which…isn’t really that much? Or at least not enough to claim nepotism? Unless of course the other first years in “cross asset sales” took home much less, in which case, do it. GET ANGRY. Otherwise this doesn’t really seem like a perk, so much as pretty standard pay at GS. Having Lucas vP maintaining your Facebook page, that’s a perk. Viniar securing your dinner reservations: perk. Gary Cohn teaching you how to play airplane in the C-suite and personally rotating your golden scrot, this is a perk (kidding, he does this for everyone). $155,000? Eh? Read more »
No, he didn’t take a salary or bonus last year, which chafes. But don’t cry Strawberry Hill tears for Boone’s Boy just yet. ‘Cause there’s this:
Former Bank of America CEO Ken Lewis received…$32,171 in 2009 as the bank struggled with loan losses and repaid billions in federal bailout money, according to an Associated Press analysis of a regulatory filing.
Friday’s filing shows that Lewis received no salary or bonus. His compensation was limited to perks including tax services and parking.