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Bankers' pay soars despite crisis
in Sox First, on June 22, 2009
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It's hard to believe but bankers are now raking in enormous bonuses despite the global financial crisis. The Financial Times reports that Merrill Lynch, UBS and Citigroup are actually crank...
What economy? CEO private jets take off
in Sox First, on June 11, 2009
...re finding all sorts of creative ways of increasing CEO pay, despite the fall in their salaries and bonuses. Let's remember that hundreds of thousands of dollars spent flying around in private jet...
Pandemic preparation in the IT department
in The CIO Weblog, on April 28, 2009
...tical staff on hand and available where otherwise they might be inclined to avoid work altogether. Bonuses or other guarantees might also show staff that the company recognizes their risks and values ...
Big bonuses at imploding banks
in Sox First, on April 26, 2009
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The banks are imploding but that hasn't stopped the bankers raking in massive bonuses. Just what they're being rewarded for is anyone's guess. The New York Times reports that six of...
G20 and FASB: the banks win again
in Sox First, on April 3, 2009
...asure risks like liquidity risks, reputation risk and cost of capital. Executives will not be given bonuses immediately when the risks are stretched out over time and where it's uncertain when the...
Geithner's push for power and the law of unexpected outcomes
in Sox First, on March 26, 2009
...that it's anti-business, the Obama administration appears to be softening its stance on the AIG bonuses. The Economist points out that the big danger for Obama is that he will be accused of pand...
AIG witch hunts: the new McCarthyism
in Sox First, on March 21, 2009
...fault swaps. Worse still, the people who have helped place those bets are receiving $165 million in bonuses. That's why the tabloids have gone to town, with the New York Post singling out James...
Systems and the AIG catastrophe
in The CIO Weblog, on March 18, 2009
...iddy testify before the House Financial Services Committee insisting that he had to pay out massive bonuses to a bunch of people who, rightly or wrongly, are widely seen as culpable for leading the co...
Mortgage fraud and AIG
in Sox First, on March 17, 2009
...ington Examiner says Obama should be focusing on mortgage fraud rather than chasing down executive bonuses at AIG. But it's missing the point. While Obama has done a face-saving back flip, the pr...
AIG's Contracts and Obama's Outrage
in Bizinformer, on March 16, 2009
...The Daily Kos had a good piece today on outrage many American's feel over AIG's bonuses being paid to people in it's financial unit - the same people who were responsible for the company...
The politics of AIG
in Sox First, on March 16, 2009
...he AIG bailout will be massive. With $165 million in US taxpayers' money going to pay executive bonuses, the Obama administration is bailing itself for a backlash. It looks impotent and ineffectiv...
Tour Gets Burned Again
in Eagle Par Birdie, on February 24, 2009
...roiled in this mire. Enron was a perfect example in its time. Merrill Lynch proffering enormous bonuses on the eve of its takeover by Bank of America (with substantial taxpayer dollars) is another...
Stimulus Hype: Will the Stimulus Work? (Part I)
in Bizinformer, on February 7, 2009
...money to people they knew would in all likelihood eventually default. They did it for performance bonuses at the time. And the result was a credit crunch and a stalled housing market that's drag...
Wall Street bonus time, despite recession
in Sox First, on January 29, 2009
...d taxpayer-funded bailouts, financial companies in New York collected an estimated $18.4 billion in bonuses for the year. That's the sixth biggest haul on record and ranks with what they got in 20...
President Obama Shocked At Wall Street Bonuses
in Exclusive from our news room , on January 29, 2009
Wall Street executives announced today that bonus pay in the amount of $18 billion dollars has been disbursed to Wall Street upper echelon employees.
President Barack Obama expressed shock and outrage at this revelation citing the fact that Wall Street has been gifted with hundreds of billions of t...
The Market for MBA Grads Tightens Up
in Biz Plan Hacks, on January 26, 2009
...eeded to train new hires. So today there's still some hiring going on...
That said, signing bonuses are shrinking. The days of $50K signing bonuses are pretty much gone.
You can listen to t...
Strike at Hong Kong's Airport Delays Flights
in Wandalust, on December 27, 2008
...ars). The union says the company made a profit this year despite the recession, and they want their bonuses. The company has agreed to come up with about half what they've paid out in the past. Th...
A Look At Some Legit Sites Offering Work At Home Jobs
in Home Based Business, on December 6, 2008
...you think being paid $1.50 for a 200 word article is good money. Yes they promise "Performance Bonuses" based on pageviews, but to get the amount of pageviews that would result in a decent p...
Behind the $1 salary
in Sox First, on December 4, 2008
...o , the only thing it does is change a guaranteed payment. They still get lots of money from perks, bonuses, restricted stocks and stock options. And as this report points out, many executives like ...
Obama slams "tone-deaf" business leaders
in Sox First, on November 26, 2008
...ama has slammed "tone-deaf" business leaders who been pulling in hundred million dollar bonuses and taking risks with other people's money. In his interview with Barbara Walters, Obama...
Fair value battle escalates
in Sox First, on October 29, 2008
... this talk when markets were booming. The world's banks generated enormous profits, and massive bonuses along the way, as bankers cashed in on fair value upswings in asset prices. Indeed, no insti...
Competing for bailouts
in Sox First, on October 27, 2008
...ile the investment banks are holding their hand out for money, they are still paying $20 billion in bonuses. And they wonder why people are so furious? "I'm just flabbergasted that the financ...
Casinos find a safe bet in RFID
in The RFID Weblog, on October 10, 2008
...00 chips per second offering real time information. With number of casinos offering jackpots, bonuses and rewards the system has even made it easier to attract new customers and maintain its existing ...
The Lehman legacy
in Sox First, on October 7, 2008
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Last month, i did a blog entry . The issue there was the size of the bonuses given out in the lead up to the bankruptcy. Which raises the obvious question of whether they knew they were going do...
b5Media 将大幅度降低 Blogger 报酬
in Wangtam, on October 4, 2008
... they were actually getting. While, again, this isn't a blogger's fault, neither is the new pay system about "cutting pay". Any reduction in pay is due almost exclusively to the real...
Bonuses to Lehman executives in the gun
in Sox First, on September 22, 2008
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Bonuses paid to Lehman executives are at risk, lawyers say . So $5.7 billion worth of bonuses were paid a year before Lehman Brothers filed for the biggest bankruptcy in history. And that raises...
The future of newspapers
in Sox First, on September 5, 2008
... a very different business model. One based on innovation. And media executives should not be given bonuses based on bottom line growth. Instead, the focus needs to be on the top line, revenue growth....
Ex-Tyco CEO Kozlowski: still trying to get out
in Sox First, on September 3, 2008
... year sentence for plundering shareholders of $400 million and looting $150 million in unauthorized bonuses. The minimum part is important and he's already done three years! And he still wants out...
Risk managers come clean
in Sox First, on August 11, 2008
...ness from being done. Traders saw us as obstructive and a hindrance to their ability to earn higher bonuses. They did not take kindly to this. Sometimes the relationship between the risk department an...
$54.7 m Paycheck
in The Hedge Funds Weblog, on August 5, 2008
...ld rip a hole through the banking sector has been rewarded with £28m (€35m) ($54.7 m) in pay and bonuses, according to Independant Ireland .
Crispin Odey trousered the bulk of the profits made b...
Find The Best Online Casino Promotions
in The Gambling Weblog, on August 3, 2008
It's time to check up on the deals and promotions being offered by online casinos, because, after all, you want to get the most from your gambling bankroll.
There is a core group of internet casinos that are here to stay, but many online gambling sites come and go, and because of thi...
PokerStars 2X Promotion Final Week: Boost Your Status
in Internet Poker, on July 27, 2008
...d maybe even that Porsche with your newly found ability to rack up Frequent Players Points from the bonuses that the higher tiers enjoy:
We're running tournaments from July 28-31 for all our VIP...
Financial professionals continue to rake it in
in Sox First, on July 22, 2008
...ing that salaries in this sector have gone up more than 36 per cent above the national average with bonuses equivalent to 16 percent of their base salary in 2007. Just more evidence that the burden of...
Summertime and ...
in WebKinzBlog, on June 30, 2008
...at 9 in the morning and run until the normal ending time. It will be so fun to be able to grab some bonuses, deals and goodies during the day!
I'll post the winners from the bed competition tomo...
A lesson in customer service from Starbucks...
in Biz Plan Hacks, on June 9, 2008
... directly deal with their customers so that the CEO's and other big wigs can make their bonuses despite the fact it is hurting the company long term.
As I have stated before this is one o...
Banks want to change accounting rules
in Sox First, on May 22, 2008
...nks used "fair value'' accounting to make massive profits and earn themselves enormous bonuses. It allowed them borrow more and increase debt substantially. Now that the market is tankin...
Rich and poor: the CEO pay disconnect
in Sox First, on May 19, 2008
...r boardroom remuneration but has stopped short of demanding EU-wide action to restrict salaries and bonuses. In keeping with that, the Financial Times reports that a FT/Harris poll shows that most ...
Nice Tile Towers bonus today
in WebKinzBlog, on May 15, 2008
...hat too. It is the 15th after all!
» 40% bonus today on Tile Towers - that's as high as bonuses go....
Customer Loyalty...
in Biz Plan Hacks, on April 25, 2008
...ts to some special event, or partner with a non-competing business to offer special meals or other bonuses.
There is plenty of opportunities out there, you just have to find them. Anita over at the ...
Recession time: the house of cards tumbles
in Sox First, on April 10, 2008
...a false belief in the markets. It's very much about the way banks have managed risk and the big bonuses. What the banks have done, in their desperation to make more money, is set up a house of car...
Naming Webkinz Pink Poodles
in WebKinzBlog, on April 4, 2008
...aturday
1pm (potm) & 2pm (all) Wheel of Yum
5pm $50 free kinzcash
Ton of beaty pageants
4 bonuses for POTM owners
April Pet of the Month
Webkinz Pink Poodle
» The Stadiu...
A fistful of dollars: the CEO tax dodge
in Sox First, on April 2, 2008
...ousing, gifts, financial planning and country club dues. Some CEOs also get reimbursed for taxes on bonuses or restricted stock awards. Nice work if you can get it. They are really doing it hard! Pau...
PokerStars Announces Its WSOP Satellites Menu
in Internet Poker, on March 21, 2008
...get $300,000. Finish in fourth-fifth or sixth-ninth and get $200,000 or $100,000 respectively. Cash bonuses of up to $50,000 also are available if a sponsored player makes it to a WSOP "TV table....
Pay packages rewarding failure
in Sox First, on February 25, 2008
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In the past, I have talked about the appalling bonuses and huge pay packets handed out rewarding failure in the subprime crisis. Some examples here , here , here and here . But according to ...
Société Générale fallout: who's next?
in Sox First, on February 18, 2008
...Kerviel's superiors knew what was going on. Meanwhile, The Times reports that executive bonuses were boosted by Kerviel's investments. The question is whether other organizations are vulner...
Criminalizing capitalism: Sarbanes-Oxley and the latest crisis
in Sox First, on February 15, 2008
...fter all, didn't CEOs, who signed off on such controls, know that their employees, pursuing big bonuses, had an incentive to take bigger risks than shareholders might have recognized? And didn'...
Prisoner Dennis Kozlowski: still unrepentant
in Sox First, on February 5, 2008
...ail for grand larceny, securities fraud and other crimes, for stealing $137 million in unauthorized bonuses from Tyco, abusing company loan programs and selling $410 million in inflated stock, remains...
PartyGaming Loses Another Rung
in Internet Poker, on January 30, 2008
...ost popular online poker rooms . Personally, I miss the extremely soft tables and easy reload bonuses that helped build my current bankroll but now the once juggernaut of online poker is sitting...
Merrill Lynch's bonus pain
in Sox First, on January 21, 2008
... of last year, I did a blog entry looking at how investment bankers were still raking in enormous bonuses, despite the Subprime Meltdown . Indeed, according to research at Breaking Views , bo...
Race For A Seat Poker Tournament
in The Gambling Weblog, on December 30, 2007
....
If you're going to play online Poker , you may as well play at a site that offers appealing bonuses, so check out the full press release about this offer.
Have fun and good luck!
Image Sourc...
Subprime mess won't stop bonuses
in Sox First, on December 21, 2007
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Bonuses might be down but the subprime mess has not stopped the party on wall street . True, some are "doing it hard". After Morgan Stanley, for example, announced it would write...
Bonuses and subprime
in Sox First, on December 3, 2007
...g post last week from Herb Greenberg at Seeking Alpha on whether Wall Street should hand back its bonuses to subprime victims. "During my Power Lunch stint on CNBC yesterday, one of the guests...
Aviation News Update: Flight Attendant Retires &
in The Aviation Weblog, on November 30, 2007
... US Airways and America West Airlines in 2005, will earn USD$550,000 in base salary. Terms for cash bonuses and incentive payments have not changed. In 2006, Parker received USD$880,000 cash bonus and...
New Generation Of Slot Machines Unveiled
in The Gambling Weblog, on November 29, 2007
...ou to stop playing and return to and pick up where you left off.
These games accumulate points and bonuses and when you've had enough you have the choice of cashing out or "saving" the ...
Subprime pay packages
in Sox First, on November 21, 2007
...the ones who are really cleaning up are the financial professionals who are set to take home record bonuses this year. Wall Street's top five firms could pay out $38bn to staff, up $2bn on last y...
Blog Musings
in End Zone Buzz, on November 20, 2007
...im? (Sportaphile)
- A few green bay packers may be in trouble for offering teammates ca$h bonuses, which is against NFL policy. (The NFL Minute)
- Florida State linebacker Geno Hayes had ...
More funny money on Wall Street
in Sox First, on November 14, 2007
...nstitution holding them, which means their value could be written up in good times, delivering huge bonuses when there is an increase in capital value. It also means they could be overvalued in the ev...
The downside of charismatic leaders
in Sox First, on October 29, 2007
...al chairman and CEO Dennis Kozlowski who reportedly pocketed more than $150 million in unauthorized bonuses, and Razorfish co-founder Jeff Dachis who fell victim to his own hype. Jennings has a point...
Pennsylvania Cutting Student Aid
in The Universities Weblog, on October 24, 2007
...student loans and on financial markets.
PHEAA is taking heat from the state legislature for bonuses it has given to agency employees and for luxury retreats that it sends employees on. The sta...
CFO bonuses and material weaknesses
in Sox First, on October 22, 2007
...n CFOs reported ineffective internal controls, they took a substantial pay cut because it hit their bonuses. Furthermore, it was particularly severe for those who were former audit partners or who ser...
Buried treasure, corporate pirates and Sarbanes-Oxley
in Sox First, on October 9, 2007
..." According to Nicholson, the problem is that Congress authorized the forfeiture of executive bonuses under SarbOx section 304 where certain bonuses and profits are forfeited. But, she says, it ...
How Much Are You Making?
in The Personal Finance Weblog, on October 5, 2007
...mpany (~2000 employees worldwide). My boyfriend and I own our home. I make $64K, plus $0-4K/year in bonuses.
35 year old, single, female living in a suburb of Seattle. I'm an office manager makin...
SOX pay for lawyers and accountants
in Sox First, on September 21, 2007
...n Weil Law Department Compensation Benchmarking Survey , pay packages for lawyers rose sharply with bonuses going up by as much as 43 per cent. Total compensation for in-house lawyers rose by 8 to 14 ...
Bodog Poker Blogger Tourney #2
in Internet Poker, on September 11, 2007
...taging the second part of its Online Poker Blogger Tournament.
Bodog, well known for its soft bonuses and even softer ring games, is putting up $125 in tournament credits in addition to the mone...
Hedge Fund Compensation Report Shows Increase in Pay For 2008
in The Hedge Funds Weblog, on September 10, 2007
...he report is an analysis of 2007 compensation paid by U.S. hedge funds including estimates for cash bonuses expected to be paid in early 2008. The data shows that compensation for all titles and job f...
If I Were A Rich Man...
in Eagle Par Birdie, on September 6, 2007
...arners in the game today. They include money won on the course and money made through endorsements, bonuses, appearance fees, corporate outings, etc.
That money is huge. At least double what a player...
Bonus pay and the Rolls Royce waiting list
in Sox First, on August 28, 2007
...om in mergers and acquisitions, hedge fund activity and private equity buyouts in London has driven bonuses to a record high, up 30 per cent to £14 billion which is twice as big as 2006. The real e...
Looking for Nintendo Blogger
in House of Nintendo, on August 7, 2007
...lat fee rate or $225 a month and other financial opportunities such as a virtual shares program and bonuses.
Only those bloggers who fit the above description should apply. Send a brief email requ...
Looking for PC Game Blogger
in PCGamers Blog, on July 27, 2007
...lat fee rate or $225 a month and other financial opportunities such as a virtual shares program and bonuses.
Only those bloggers who fit the above description should apply. Send a brief email requ...
CW Looking 4 Pro Bloggers
in Creative Weblogging, on July 16, 2007
...ation: $225 (US) - paid via PayPal or Moneybookers
7 to 10 posts per week are required.
Traffic bonuses for aggressively growing traffic are available, up to $50 per month additional.
Access to ...




