Posts filed under “Wages & Income”

Pyramid of Misery

From Portfolio, by The Number author Lee Eisenberg.

“The Number” used to be the “Fuck You Number”– the dollar amount that allowed you to tell your boss fuck you. In a recent Portfolio article, Eisenberg’s latest variation is the “I’m Fucked number” — the smallest number that you can get by on.

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via Portfolio

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Source:
The “I’m F*&#ed!” Number
Lee Eisenberg
Portfolio, March 2009

http://www.portfolio.com/news-markets/national-news/portfolio/2009/02/11/Personal-Finances-in-the-New-Economy

Category: Economy, Employment, Markets, Psychology, Wages & Income

Merrill Lynch Bonus Investigation

New York State Attorney General Andrew Cuomo is none too happy with $4 billion in recent Merrill Lynch bonuses! Enjoy: > AG Cuomo. MERpdf Publish at Scribd or explore others: Finance & Investing Business & Legal executive compensati

Category: Corporate Management, Digital Media, Legal, Markets, Wages & Income

Executive Pay & Perks

Nice pair of tables from the NYT: > Sources: In Curbing Pay, Obama Seeks to Alter Corporate Culture STEPHEN LABATON and VIKAS BAJAJ NYT, February 4, 2009 http://www.nytimes.com/2009/02/05/us/politics/05pay.html Scrutiny of Bankers’ Perks Will Grow, Too ERIC DASH NYT, February 4, 2009 http://www.nytimes.com/2009/02/05/business/05perks.html

Category: Data Analysis, Digital Media, Wages & Income

Wall Street Pay

Shorter Floyd Norris: It is one thing when the best-paid people seem to be the smartest and the most accomplished. Those who make much less may not like it, but the differential seems understandable. It is another thing when those people are shown to have committed huge blunders that would have driven their companies out…Read More

Category: Bailouts, Markets, Taxes and Policy, Wages & Income

December Labor Picture Data

via NYT > Source: Jobless Rate Hits 7.2%, a 16-Year High LOUIS UCHITELLE NYT, January 9, 2009 http://www.nytimes.com/2009/01/10/business/economy/10jobs.html

Category: Digital Media, Employment, Wages & Income

NFP is . . . -524,000, Unemployment 7.2%

Today’s big NFP is as close to consensus as we have seen in recent years: within 1k of the estimates: Peter Boockvar writes: December Payrolls fell by 524k, about in line with estimates and well below the whisper of 600k-700k. But, the prior 2 mo’s were revised lower by 154k. The unemployment rate also rose…Read More

Category: Employment, Wages & Income

Impact on Household Balance Sheets

Fascinating comparison from David Rosenberg, as to how the current crisis compares to 2001-02 Tech Wreck and the Great Depression: Aggressive stimulus will only cushion the blow So far, the impact to the household balance sheet is double what was created by the 2001-02 tech wreck, and half the loss incurred during the Great Depression….Read More

Category: Consumer Spending, Economy, Wages & Income

How to Deleverage Balance Sheets

Bouncing around trading desks: Credit Suisse is using a novel approach to deleverage its balance sheet…using its illiquid assets to pay bonuses; using leverage loans and CMBS to pay compensation packages for MDs and directors. The securities will be places in a fund called Partner Asset Facility and employees will be given stakes in the…Read More

Category: Corporate Management, Credit, Derivatives, Markets, Wages & Income

The Walking Zombies of Wall Street

WSJ’s Dennis Berman tells colleague Evan Newmark that although tens of thousands of people have managed to hold on to their jobs, there isn’t much work to go around. Instead, he says, Wall Streeters are working to appear busy.

12/9/2008

Category: Finance, Markets, Video, Wages & Income

Time For Wall Street To Get Real About Bonuses

WSJ’s Dennis Berman and Evan Newmark finally agree on something: In these tough times, it was right for Wall Street executives to forego bonuses. Now is also a good time to create a fair and predictable structure for the future.

11/18/2008

Category: Video, Wages & Income