The Day After

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Gauging Wall Street’s Post-Election Day Mood With Bloomberg TV’s Betty Liu

It was the morning after the presidential election on the set of Bloomberg Television’s In the Loop, and Leo Hindery Jr., a partner at InterMedia Partners and a sometime adviser to Democratic officials, was pumping his arms in an off-air shimmy.

“Ohio, baby,” he said, naming the point in the previous night’s returns when he’d begun to celebrate. Then the cameras rolled, host Betty Liu repeated the question, and the private equity investor stifled a smile. Read More

Morgan Stanley Pays Cash

Can a big, bailed-out bank give its employees bonuses in cash this year and not incite public outrage?

Lloyd Blankfein didn’t think so, which is why he’s paying Goldman Sachs bonuses in deferred stock.

But John Mack is apparently willing to test public opinion. The Wall Street Journal reports that Morgan Stanley will Read More

Mack the Martyr

This morning, John Mack, the C.E.O. of Morgan Stanley, put a little more pressure on all his fellow executives by announcing that he won’t take a bonus this year.

“Given this unprecedented environment and the extraordinary financial support governments provided to our industry, as the leader of this Firm I recommended to the Compensation Read More

Wall Street Turning Blue

Bloomberg reports on a Center for Responsive Politics study that shows Wall Street giving more to Democrats than Republicans in the present cycle.

The Iraq war, Republican scandals, and the growing influence of hedge funds are all cited as reasons. Read it; here, we just wanted to highlight a couple of former Bush ‘Rangers’ Read More

CSFB’s Jack DiMaio May Be The Last $15 Million Man

Jack DiMaio, a 34-year-old managing director for Credit Suisse First Boston, will earn somewhere in the region of $15 million this year, guaranteed.

The figure itself is not so unusual. Mr. DiMaio is no obscure trader-he’s a division head, running North American fixed income for CSFB. What’s more, bankers on the Street, even during these Read More