A pessimistic analyst report from Credit Suisse’s Howard Chen has issued a report saying that Goldman’s fourth-quarter profit could be lower than he previously expected and, much worse, bonuses could plummet to near-record lows.
Morgan Stanley boss James Gorman, already something of a Wall Street anomaly for his professed aversion to narcissism and lavish bonuses, is taking his war on high-finance culture to another level. The New York Post reports that he’ll get physical with employees who talk to the press about their bonuses:
Morgan Stanley Read More
Good news for art aficionado and Goldman Sachs honcho Lloyd Blankfein; he and other top Goldman Brass are set to receive $111.3 million delayed stock bonuses from 2007 and 2009, according to Bloomberg.
Mr. Blankfein will get an award of about $24.3 million, Read More
Everybody loves a good story about holiday bonuses, so let’s get down to it. How big will Wall Street bonuses be this year? No one knows at all, as far as we can tell.
To give readers a general idea of what might happen (and also the opposite of that idea), here is a collection Read More
Seven in ten Americans would prefer that bailed-out Wall Street companies be prohibited from allotting large bonuses to their employees, according to a Bloomberg poll. Add on the 17 percent who want a 50 percent tax on bonuses of more than $400,000 and you get a near 90 percent supermajority of ticked-off citizens Read More
Forget transparency evangelist/crackpot Julian Assange and his Wikileaks. Morgan Stanley CEO James Gorman is emerging as the biggest threat to Wall Street life as we know it.
Goldman Sachs is doling out midyear bonuses to around 100 London-based partners in the form of stock compensation, The Wall Street Journal reports.
The move is apparently part of an effort to counter a drain of talent from the investment bank after the U.K. implemented a 50 percent tax on bonuses of more Read More
Wary of the possible expiration of the Bush-era tax cuts, the heads of some Wall Street firms are trying to shovel some money into their employees’ pockets before Uncle Sam or other governments can take a bigger bite, The Wall Street Journal reports.
Credit Suisse, for example, told its London managing directors last week that Read More