You Can Take The Mortgage Trader Out Of Bear...
Salem said he and other traders in his group didn’t mind getting paid a lower percentage of their produced revenue than other parts of the firm. Salem said he did find it “a little bit insulting” that Jeff Verschleiser, a trading executive who was hired from Bear Stearns Cos. in 2008, kept a box of toaster ovens at his desk that he would award to employees who made notable trades. [Bloomberg]
