It could also be interpreted as the greatest veiled threat since Angelo Mozilo said Bank of America “will reap the benefits of what [Countrywide] has sowed.” Continue reading »
threats
Time was, when bonus season rolled around, you could count on the discontent, the grumbling, the “this isn’t fair,” the “fuck you, you overpaid jerks,” and the “I’m going to do something crazy in defiance” coming from places far, far away from Wall Street. Sure, some people might have been upset about their particular numbers but on the whole, there wasn’t a lot of ‘us’ versus ‘them’ going on on the inside. This year, as we’ve discussed at length, bonuses at banks (hedge funds and private equity are doing just fine) will for the most part be fairly crummy (those getting flat numbers year-on-year are among the lucky). Of course, some people will be on the receiving end of enough zeros to make them smile– such as the top earners, who made the firm money– and this time around it’s their colleagues telling them to go to hell.
Annual bonuses at top global banks are causing ructions that could drive a outsized round of defections as weaker profits and tougher rules widen the pay discrepancy between star performers and everybody else. “The differentiation this year between a small number of top-fee earning investment bankers and the bulk of their colleagues will be unlike ever before,” said a top Asia executive at a large investment bank. “The tail end will be significantly hurt.”
What’s the tail end going to do about it? Continue reading »
If so, someone didn’t tell money manager Vincent McCrudden, who, according to CNBC, was arrested today by the FBI for things of that nature (he allegedly made told a total of 47 “US financial regulatory officials” that he might kill them). Continue reading »
On Monday night, Stephen Colbert announced that after one of his writer’s had found a lost credit card belonging to Goldman Sachs partner Buckley T. Ratchford, he would be giving out one number per show each day that BTR failed to appear on the Colbert Report to talk Wall Street bonuses. Though Buck presumably had the mental faculties to cancel the card upon losing it, we wagered that he would prefer the information not to be distributed. And, also, that Goldman would not be offering up a body and if need be, Blankfein would head over to the studio to bust some skulls. Luckily for Steph-o, it didn’t come to that. Continue reading »
Stephen Colbert Threatens To Give Out Goldman Sachs Partner’s Credit Card Number Unless He Comes On Show
By Bess LevinWhile Stephen Colbert is all good with Wall Street bonuses, he is aware that 70% of American playa-hatas are not. He’d like someone making it rain this year to come on his show and make people understand why they money is deserved but so far no one has accepted his offer. Luckily, one of his writers found a lost credit card belonging to a Goldman Sachs partner last week. Specifically, the MasterCard of Buckley T. Ratchford, who was inducted into the Brotherhood of the Sach in 2006. Continue reading »
He loves a British accent as much as the next guy but you know what? That may not be enough. He’s had it up to his gleaming pate with this regulatory crap and somebody better figure out something and fast otherwise the Golden scrots are gone. Be a good bunch of boys and girls and take this warning seriously, as LB is deadly serious about it. Continue reading »
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