Sun Jan 8, 2012, 02:03 PM
no_hypocrisy (27,836 posts)
Bonus battles: Disgruntled bankers threaten to sue or walk
Wall Street bankers are fuming about the prospect of paltry payouts come bonus time — and plan to go nuclear.
They’re taking their cues from their disgruntled brethren in London, who are eyeing lawsuits to regain their over-the-top pay. Here at Jefferies Group, a group of brokerage executives reportedly threatened management that they would walk away from the firm if their year-end compensation was not up to par with The Street.
This hubris is just the beginning of much more to come as the downtrodden banking industry gets ready to dole out the most meager bonuses since the 2008 financial crisis.
Big banks are hoarding some of their bonus pools in anticipation of complaints. And being proactive seems to be the plan.
Read more: http://www.nypost.com/p/news/business/bonus_battles_BSxbIOec8IVZhSJeriURzI#ixzz1itYKUeMj
16 replies, 3395 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Bonus battles: Disgruntled bankers threaten to sue or walk (Original post)
|liberal N proud||Jan 2012||#6|
Response to no_hypocrisy (Original post)
Wed Jan 11, 2012, 01:19 AM
cherokeeprogressive (24,853 posts)
16. Maybe they'll find an ally in the former COO of Citigroup's Alternative Investments Unit...
Who just happens to be the President's new Chief of Staff.
The more we "hope" things "change", the more they stay the same...