Banker bonuses are down and bankers are having to adjust to the new realities, according to an article posted on WSJ.com. In "Honey, They Shrunk My Bonus" the spending habits of Wall Street bankers are examined in the new reality of lower cash bonuses. Interesting read, but my feeling is that this likely doesn't apply to star investment bankers. Failure to pay these stars market rate will mean that the talent will move to private firms where they can earn market rates without the public scrutiny. As a result, there could be a talent drain from the major bulge-bracket firms. Here's the link:
About this Blog
This Blog is a collection of thoughts on a variety of topics of interest to me, including:
All original works on this site are
© 2011-2020 Allen J. Latta. All rights reserved. Neither this website nor any portion thereof may be reproduced or used in any manner whatsoever
without the express prior written permission of Allen J. Latta.
LP Corner® is a registered trademark of Campton Private Equity Advisors. Used with permission.
DISCLAIMER: Readers of this Blog are not to construe it as investment, legal, accounting or tax advice, and it is not intended to provide the basis for the evaluation of any investment. Readers should consult with their own investment, legal, accounting, tax and other advisors to the determine the benefits and risks of any investment.
Private equity investments involve significant risks, including the loss of the entire investment.
This Blog does not constitute an offer to sell or the solicitation of an offer to buy any security.