Bonus Watch '10: Dwarf Spending Has Got To Indicate Something
Today alone we've received two bad pieces of news re: bonuses. Expectations at JPMorgan are that they'll be down 10-15% and at Morgan Stanley, nearly 30%. But! Employees at some firms-- be they Goldman, hedge funds, whoever-- must be expecting to fare better based on a little word from a little fella.
Dwarf for hire Danny Black told Daily Intel:
"No sooner are we hanging up the phone than somebody else is calling or calling before we can finish the last call. some are regular white collar working stiffs but more and more are the high finance folks that have more money than you & i know what to do with. life is good. :-)"
Those orders can't all be from Phil and Lisa Falcone.