People in the bank are still not happy about the very strong likelihood of no bonuses, because they budget for them, but yeah - things could be so much worse.
Say! look at you! You look just like me! We're very pretty.
Buffybot ,'Dirty Girls'
Natter 63: Life after PuppyCam
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
msbelle - Feb 05, 2009 12:03:09 pm PST #5195 of 30000
I remember the crazy days. 500 posts an hour. Nubmer! Natgbsb
Toddson - Feb 05, 2009 12:03:12 pm PST #5196 of 30000
Friends don't let friends read "Atlas Shrugged"
My mother once hit a deer - killed the deer and left her car in bad enough shape that she got stuck in a small rural town in Virginia for several hours. The local police wanted to know what she wanted done with the deer ... if she wanted it for the meat. Being the committed supermarket hunter that she is, she told them anyone who wanted it could have it.
Matt the Bruins fan - Feb 05, 2009 12:04:22 pm PST #5197 of 30000
"I remember when they eventually introduced that drug kingpin who murdered people and smuggled drugs inside snakes and I was like 'Finally. A normal person.'” —RahvinDragand
Yeah, I haven't gotten a raise in a couple years, and just lost matching funds on my 401k, but all in all I'm pretty happy to have a steady job with no salary cuts given the shape of the publishing industry.
Jesse - Feb 05, 2009 12:11:30 pm PST #5198 of 30000
Sometimes I trip on how happy we could be.
People in the bank are still not happy about the very strong likelihood of no bonuses, because they budget for them, but yeah - things could be so much worse.
That's no joke though -- I was stunned when I found out that the guy I knew at Citi made more than his salary in bonus. I didn't realize it was so significant, but I guess that's how banks work.
Kathy A - Feb 05, 2009 12:13:56 pm PST #5199 of 30000
We're very stretchy. - Connie Neil
made more than his salary in bonus
Seriously?!? Wow. And here I am at my company for 16 years, and my total in bonuses is about $250. (They really don't do bonuses in legal publishing, at least not for non-salespeople.)
Sean K - Feb 05, 2009 12:14:18 pm PST #5200 of 30000
You can't leave me to my own devices; my devices are Nap and Eat. -Zenkitty
Was it here that we were being somewhat judgey about octuplets woman? Because I was feeling kind of judgey about her too, until I found out that Bill O'Reilly was being judgey about her, too.
Agreeing with him in any way about this just leaves too much of a bad taste in my mouth. The woman wants to have fourteen kids, and maybe even twelve more.... have at it.
Tom Scola - Feb 05, 2009 12:18:16 pm PST #5201 of 30000
Remember that the frontier of the Rebellion is everywhere. And even the smallest act of insurrection pushes our lines forward.
made more than his salary in bonus
Yes, that's pretty much the standard here in investment banking. I'm in IT, and it's not the case for me, but my bonus is still a significant fraction of my salary.
Trudy Booth - Feb 05, 2009 12:21:15 pm PST #5202 of 30000
Greece's financial crisis threatens to take down all of Western civilization - a civilization they themselves founded. A rather tragic irony - which is something they also invented. - Jon Stewart
That's no joke though -- I was stunned when I found out that the guy I knew at Citi made more than his salary in bonus. I didn't realize it was so significant, but I guess that's how banks work.
Or in this case DON'T work.
I'm over here all "Guys, you FUCKED UP." If you expect to get it even when you run your company into the ground and need the Federal Government to bail you out that bonus isn't exactly a performance-based thing, is it?
Now, I am as concerned about the negative effect on the luxury goods economy as the next guy. Here's a thought, since I didn't run an bank into the ground I'm already more qualified for that bonus than the guy who did. Give ME the million or two and I will keep Cipriani's and Danielle in business. That's just the kind of giving chick I am.
Toddson - Feb 05, 2009 12:30:23 pm PST #5203 of 30000
Friends don't let friends read "Atlas Shrugged"
I know a number of places used to routinely give significant bonuses. I've worked for non-profits for the last ... lotta years ... if we're not supposed to make a profit, then it's OK if we don't, right?
Jesse - Feb 05, 2009 12:30:34 pm PST #5204 of 30000
Sometimes I trip on how happy we could be.
Basically, I think the bonus thing is a bad PR move. Just give people $300K salary, instead of $150K salary, $150K bonus.