Latest On The Bonus Front
More in BUSINESS NEWS
back-up- Meet Goldman Sachs' Newest Managing Directors
- Geithner On Financial Regulatory Reform
- Free Job Postings Until 31.03.2010
- Bank Tells Staff To Knock Off Early To Make Babies
- 'Do I Seem Like A Guy Who Throws Chairs ?'
- Best Place To Work Update
- Office Humour - Warning, Some May Find This Offensive
- City Bankers Prepare For Disaster Scenario
- John Thain Defends Wall Street Bonuses
- Click Here To Register For Free News E-Mail Alerts
- Lazard Names New CEO
- Top Firm Told To Give Up Bonuses
- Government Accused Of Botching Major Bailout
- UBS Reveals Its Hand
- The Dash For Trash
- Too Big To Fail
- 'Sorry - But Christmas Is Cancelled'
- Regulator To Have Power To Tear Up Banker Pay Contracts
- IT Programmers Accused Of Being Madoff Accomplices
- Cityboy On Corporate Social Responsibility
- Top Firm To Unveil Turnaround Strategy
- The Obvious Candidate To Succeed Ken Lewis Is Ken Lewis
- Quit The UK To Avoid Higher Taxes - Poll Results
- Bankers Forced To Take Second Jobs To Make Ends Meet
- Goldman Kitten Payments Go A Stray
- More Compensation News
- Best Place To Work 2010 - Vote Now
- Banker Eye Test
- Goldman Sachs - View From The Top
- The Lloyd's Prayer
- Exec Claims Hedge Fund Boss Hired Hit Man To Kill Her
- $125m-A-Year Banker's Wife Says She Was Treated Like 'Mail-Order Bride'
- 'The Sell Out'
- 'Many Of You Have Seen Life Savings Vanish'
- Tough Times For Expenses - £5 For Lunch
- Tragic Banker Rehearsed Suicide Before Killing Himself
- Bear Stearns Fraud Case - The Verdict
- Even More Compensation News
- CEO Says That History Will Vindicate Him
- Traders Desperate To Get 'The Clap'
- Reservoir Gods
- Who Was Mr Angry During The Financial Crisis ?
- JPMorgan Chase Compensation Letter
- Regulator Warns - 'Yes, That Does Mean People Go To Jail'
- Brokers Complain Of Bailed-Out Banks Bullying Tactics
- Best Place To Work - Previous Winners
- Best Place To Work 2009 Results - The Top 100 Firms
- CEO Says He Could Top Himself & People Would Cheer
- Top Firm Hires 78-Yr-Old / Ex-Boss Says 'Sorry' For Citigroup
- Top Firm Said To Be At Loggerheads
Related Content
- Best Place To Work 2010 Latest (18/11/2009)
- Vic Daniels - Grumpy Old Man Latest (02/10/2009)
- More Bonus News (19/10/2009)
- More Bonus News (07/11/2009)
- 'The Bonus Bubble Burst Tonight' (17/09/2009)
- Banks Sign-Up To UK Bonus Reforms (01/10/2009)
And, amidst all this talk of 'loads of money', spare a thought this Xmas time for the little people. How about the cleaners ? Well, they won't get much of a bonus. But at least those who work at Morgan Stanley in London will receive some cheer. According to the Times 'City Diary' column, the firm's cleaners have just been awarded a pay rise to £6.70 an hour (around $12).
Anyway, back to the serious stuff. Here's the latest gossip/rumours on bonuses:
Private bankers in Asia look set for a bumper year. The war on talent in this area is likely to result in bonuses, on average, rising 50% this year. According to a Boston Consulting Group study, base salaries are also likely to take a hike of up to 30%.
Top energy traders are also likely to receive bonuses up 50% (up to $10m each) on last year, as firms will earn around $8bn in commodities-related revenues in 2005.
Finally, it seems it won't be all good news on the comp front if you work in a top US law firm. Sullivan & Cromwell confirmed last week that salaries and bonuses are not likely to increase on last year. And Cravath Swaine & Moore have now come out and said broadly the same thing.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
