Investment Bank Pemies to get crappy low bonuses

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sasguru replied

20 October 2010, 15:35
Originally posted by AtW View Post

It's not a question of size of money pot, it's whether you earned it - bankers don't earn money, they "make" them by mostly engaging in activities that go against human progress .

Oh Dear. Its back to Economics 101 for AtW.

Last edited by sasguru; 20 October 2010, 15:44.
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thunderlizard replied

20 October 2010, 15:13
But those who work in our industry understand full well that there is no such thing as an 'average banker'

Quite. Each one of them is brilliantly special in their own special way.
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AtW replied

20 October 2010, 15:10
It's not a question of size of money pot, it's whether you earned it - bankers don't earn money, they "make" them by mostly engaging in activities that go against human progress - I don't see many City firms investing money into UK tech startups for example.
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d000hg replied

20 October 2010, 15:04
Originally posted by AtW View Post

Look, it's like this - some take a cut in otherwise massive bonus they did not earn in the first place, others have to take a cut in their basic rate/salary to make up for it.

Do try to keep your jealousy in check. If Google offered you $100m for M12 you'd snap it up, you wouldn't give it away because you "didn't deserve it".
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AtW replied

20 October 2010, 14:54
Originally posted by Scrag Meister View Post

Last time I read this sort of stuff, I was told I had to take a 15% cut in rate, or leave.

Look, it's like this - some take a cut in otherwise massive bonus they did not earn in the first place, others have to take a cut in their basic rate/salary to make up for it.
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Scrag Meister replied

20 October 2010, 14:08
Last time I read this sort of stuff, I was told I had to take a 15% cut in rate, or leave.
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BlasterBates started a topic Investment Bank Pemies to get crappy low bonuses

20 October 2010, 13:55
Investment Bank Pemies to get crappy low bonuses

Oh dear life is tough at the moment in the City.

A 30% Cut In Compensation = Disaster For 'Average' Bankers :: Business News :: Here Is The City News :: The Latest Business & Financial Markets News And Views
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