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.
The Wall Street Journal reports that Mr. Chen anticipates that Goldman will use 40 percent of its 2010 revenue to Read More
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 Chief 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.
Check out The Biggest Wall Street Stars of 2010.>>
Mr. Blankfein will get an award of about $24.3 million, less 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 who 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.
The New York Post reports that Gorman is getting ready to play “hardball” and have some hard-hitting conversations with his star bankers about bonuses. What’s more, Read More
