BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Are bank bonuses excessive?]]>http://www.bloggingstocks.com/2009/10/20/are-bank-bonuses-excessive/http://www.bloggingstocks.com/2009/10/20/are-bank-bonuses-excessive/http://www.bloggingstocks.com/2009/10/20/are-bank-bonuses-excessive/#commentsFiled under: , , , , , , ,

Wall Street is getting back to normal. How do we know that? One gauge: measuring Wall Street's health is the amount of bonuses bank employees receive.

Here are just a few numbers that reflect how Wall Street is doing:

  • Goldman Sachs Group (NYSE GS) set aside $16.7 billion dollars for compensation in 2009, just a few dollars short of the record $16.9 billion set in 2007.
  • Each employee at Goldman averages $527,192.00

Continue reading Are bank bonuses excessive?

Are bank bonuses excessive? originally appeared on BloggingStocks on Tue, 20 Oct 2009 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bank bonusesBankBonusesfeaturedWall Street bonusesWallStreetBonusesTue, 20 Oct 2009 17:00:00 EST<![CDATA[Wall Street, 2009: Deaf, blind, and just plain dumb]]>http://www.bloggingstocks.com/2009/01/30/wall-street-2009-deaf-blind-and-just-plain-dumb/http://www.bloggingstocks.com/2009/01/30/wall-street-2009-deaf-blind-and-just-plain-dumb/http://www.bloggingstocks.com/2009/01/30/wall-street-2009-deaf-blind-and-just-plain-dumb/#commentsFiled under: ,

In Gone with the Wind, Rhett Butler wryly notes that there is "just as much money to be made out of the wreckage of a civilization as from the upbuilding of one." Having observed the near-Roman excesses of New York's money men over the past couple of years, I might go even further and argue that the end of a civilization tends to be even more outrageously profligate than its beginning. After all, it's hard to imagine stern, conservative men like J.P. Morgan and Andrew Mellon giving in to the incredible excesses of the latest round of would-be magnates.

While tales like Stephen Schwarzman's million dollar birthday and Dick Fuld's five homes tend to capture the public's attention, these outrageous expenditures are only the tip of the iceberg. From $175 hamburgers at the Wall Street Burger Shoppe to John Thain's $1.22 million office redecoration, it has become increasingly clear that New York's financial workers have spent the last few years living in a completely alien world. What's more, they are either unable or unwilling to adapt to the changing realities of America's economy.

Continue reading Wall Street, 2009: Deaf, blind, and just plain dumb

Wall Street, 2009: Deaf, blind, and just plain dumb originally appeared on BloggingStocks on Fri, 30 Jan 2009 16:40:00 EST. Please see our terms for use of feeds.

Read | Read | Permalink | Email this | Comments]]>arianna huffingtonAriannaHuffingtonBank of AmericaBankOfAmericaDick FuldDickFuldJohn ThainJohnThainMerrill LynchMerrillLynchWall Street bonusesWallStreetBonusesFri, 30 Jan 2009 16:40:00 EST<![CDATA[The mad, mad world of Wall Street bonuses]]>http://www.bloggingstocks.com/2006/12/21/the-mad-mad-world-of-wall-street-bonuses/http://www.bloggingstocks.com/2006/12/21/the-mad-mad-world-of-wall-street-bonuses/http://www.bloggingstocks.com/2006/12/21/the-mad-mad-world-of-wall-street-bonuses/#commentsFiled under: , , , , , ,

This year Wall Street bonuses are looking to hit a new record. Last year, they hit a record of $21.5 billion and I've seen estimates that they'll be up between 10% and 25% in 2006.

One expert, Options Group, estimates that the big winners will be investment bankers and equity underwriters and traders. Driven by a record year in mergers, investment bankers will receive bonuses 20% to 25% higher than in 2005, as will those in equity derivatives sales. The "losers" will be fixed-income proprietary traders, who will earn the same or less than they did in 2005.

This year, the best place for bonus babies is the Goldman Sachs Group (NYSE:GS), which is distributing $16.5 billion worth of bonuses among its 36,000 employees -- up 40% from 2005. While this averages out to $623,418 per full-time employee, a few traders will take home $100 million.

How can any company justify paying so much money to one person? That $100 million bonus is 2,159 times the $46,326 that the median U.S. family earns every year! Do traders really work 2,159 times harder than the average family? Are their lives really 2,159 more stressful? How can any CEO justify paying out so much money?

Continue reading The mad, mad world of Wall Street bonuses

The mad, mad world of Wall Street bonuses originally appeared on BloggingStocks on Thu, 21 Dec 2006 07:29:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bear StearnsBlankfeinbonusequity underwritersexecutive compensationGoldman SachsGoldmanSachsGSHank Paulseninvestment bankersLehman BrothersLloyd BlankfeinMorgan StanleyOptions GroupRobin Hoodwall street bonusesWallStreetBonusesThu, 21 Dec 2006 07:29:00 EST