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Bankers Expect Rising Bonus Pay to Break Records in Global Poll
bloomberg.com - 10/30/2009
Bankers Expect Rising Bonus Pay to Break Records in Global Poll
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Oct. 30 (Bloomberg) -- In Washington and on Main Street, politicians and voters are railing against Wall Street’s multi- million-dollar pay packages. In the financial world, most executives expect their bonuses to match or exceed last year’s, with 1 in 10 predicting their best-ever payout. ...
hf-implode.com - 10/30/2009
Bankers Expect Rising Bonus Pay to Break Records in Global Poll
— hf-implode.com — " Having shaken off the biggest economic decline since the 1930s, almost three in five traders, analysts... and fund managers believe their 2009 bonuses will either increase or won’t change, according to a quarterly poll of Bloomberg customers. Only one in four see a decline. Asians are the most ... (more) Bankers Expect Rising Bonus Pay to Break Records in ...

Comments vote down iehi iehi posted 10/30/2009posted this

Blog Reactions

The Mess That Greenspan Made:  Friday morning links

Dealbreaker:  Opening Bell: 10.30.09

Minyanville:  Big Bonuses for Bankers? Bravo!

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Blog Reactions

Friday morning links
The Mess That Greenspan Made — TOP STORIES U.S. small business loans in default rise: PayNet - Reuters The economy isn't fixed yet, say Wall Streeters - CNN/Money Homebuyer Tax Credit Delayed Over TARP Issue - Bloomberg CIT Bonds Signal Bankruptcy Inevitable as Debt Exchange Expires - Bloomberg S&P 500's string of monthly gains questionable for October - MarketWatch Doubts greet Obama's financial oversight plan - Washington Post Health-care reform in America: A public row - Economist Do banks have something to hide? - CNN/Money ...

Opening Bell: 10.30.09
Dealbreaker — Galleon Fears Raised In 2001 (FT) An analyst in JPMorgan's alternative asset management arm said the unit "should reduce our allocation" in Galleon's flagship technology fund, citing what he described as "more negative news about Raj and his cohorts." Bankers Expect Rising Bonus Pay To Break Records (Bloomberg) And some people don't seem to be very happy about that: "If we were looking for a sense of Wall Street to be, 'we're hit hard, I'm going to make less money,' these results don't show it," said J. Ann Selzer, president of Selzer ...

Big Bonuses for Bankers? Bravo!
Minyanville — President Barack Obama knocks Wall Street for being motivated only by the appetite for quick kills and bloated bonuses. One result of this mindset is US Treasury Department pay Czar Kenneth Feinberg, who seeks to limit the salaries paid to key executives at companies that accepted federal bailout funds. The government s effort to limit pay is a brash, brutal, and unwarranted intervention into the private sector. So far, Washington s decision to impose pay cuts covers the top-paid 25 employees at each of the major companies that accepted federal bailouts: Citigroup ( C ...

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