Top executives of the leading financial firms are now spending hours each day huddled in boardrooms or trapped on endless conference calls, sparring among themselves to determine how big the bonus pool will be, how it will be divided among the divisions and, then, what each employee will receive... An investment banking analyst right out of college, would have made a $65,000 salary and a $35,000 bonus. An associate just out of business school, might have made $85,000 in salary and a $115,000 bonus... a successful fixed-income trader is now making over all more than $1.5 million, while his or her banker counterpart is probably taking home something closer to $900,000.If you, out in readerland, are in this category (and the IP addresses suggest some of you work at big banks) may we invite you to purchase some fine Paul Fredrick apparel via the link at the right so that DovBear can enjoy a holiday bonus, too?
Monday, November 29, 2004
It is bonus time on Wall Street. Money quotes from today's New York Times:
by DovBear at 7:28 AM