It probably shouldn’t come as much of a shock that the employees of a business that’s shutting down will most likely not be receiving bonuses this year but we can still allow them their pain.

“Level laid off all the analysts and PM’s. The only people left are executive committee, technology, accounting, 3 traders, and 1 ops analyst, maybe a few admins/random people. What sucks is that many employees had part of their 2010 bonus “deferred” until June 30, and signed documents of some sort that basically indicated they might not get any of it if the fund isn’t around. Obviously the laid off won’t be getting that money but it’s unclear if anyone left will either.  Apparently they money may have to go to paying for other obligations like rent and potential legal fees.”

Article courtesy of Dealbreaker

Earlier today, it was suggested that Steve Eisman was “weighing” leaving FrontPoint Partners, after he told the Journal, “At this point in my career, I want to have more control over my destiny.” Apparently the speculation was way off base, forcing Steve-o to clarify his statement.

A departure from the firm is in no way what he was driving at, imbeciles.

“I am in discussions on a structure which will provide me with greater operational flexibility and control over my own business,” Eisman said in a statement. “I will be managing money for FrontPoint and its clients for years to come.”

Do you see the distinction? He was just saying he wants more power, and he’s gonna get it. Do not test his patience on this one.

FrontPoint’s Eisman To Stay, Seek More Control [FINalternatives]

Article courtesy of Dealbreaker

Yesterday it was suggested that bonuses at JPMorgan will be roughly equal to 2009. Apparently that’s only if you’re lucky.

We’re told that the expectation bonuses will be flat year on year was “optimistic.” Apparently they will be “down about 10 – 15% across the board in IB.”

Article courtesy of Dealbreaker

“Interview me.” Apparently his board also specifies that he’s looking for a gig in investment banking but, you know, beggars, choosers, etc. Will JD throw him a bone? I’d like to think so but I guess we’ll have to wait and see.

Article courtesy of Dealbreaker

@joelmchale http://tweetphoto.com/18300945 This is what I'm looking at right now. Yeah, that's a guy in an Earth costume in a (cont) http://tl.gd/rptn7
about 4 hours ago via UberTwitter

@shameheadboy Who fuckin orders a salad at the counter??!!! @DavidKatzenberg http://tweetphoto.com/18322066
33 minutes ago via UberTwitter in reply to DavidKatzenberg

@MissKellyO And…… My bubba Luke is waiting for me at hotel with room service yesssssssssss!
1 minute ago via Echofon

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@StoneRokk Apparently, if u renew ur license after it expires, u HAVE TO take the written test. By default, you turn into a bad driver cause it expired
about 4 hours ago via UberTwitter
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@EthanSuplee Colds make me sick.
26 minutes ago via web

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@mattavelli You'd think by now they'd make walkers with the tennis balls already attached
2 minutes ago via Echofon

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@LoBosworth omg coachella is so close. i can already feel that desert burn.
about 2 hours ago via web

Article courtesy of Los Angeles | Guest of a Guest – Los Angeles People, Places, Parties & Nightlife

@joelmchale http://tweetphoto.com/18300945 This is what I'm looking at right now. Yeah, that's a guy in an Earth costume in a (cont) http://tl.gd/rptn7
about 4 hours ago via UberTwitter

@shameheadboy Who fuckin orders a salad at the counter??!!! @DavidKatzenberg http://tweetphoto.com/18322066
33 minutes ago via UberTwitter in reply to DavidKatzenberg

@MissKellyO And…… My bubba Luke is waiting for me at hotel with room service yesssssssssss!
1 minute ago via Echofon

-
@StoneRokk Apparently, if u renew ur license after it expires, u HAVE TO take the written test. By default, you turn into a bad driver cause it expired
about 4 hours ago via UberTwitter
-
@EthanSuplee Colds make me sick.
26 minutes ago via web

-
@mattavelli You'd think by now they'd make walkers with the tennis balls already attached
2 minutes ago via Echofon

-
@LoBosworth omg coachella is so close. i can already feel that desert burn.
about 2 hours ago via web

Article courtesy of Los Angeles | Guest of a Guest – Los Angeles People, Places, Parties & Nightlife

We are big fans of the speakeasy Death & Co. in NYC.  Apparently the co-owner, David Kaplan is planning to take his “Sophisticated cocktail bar” into down town Los Angeles. [Via Eater]. The 2,000 square foot space with a pre-existing liquor license “deal is just about complete.  Alex Day, the mixologist that made Death & Co. what it is in NYC will be moving to LA next month to head up the operation.

[Cocktails Get new Company At Death & Co]

[Death & Co. Owner Plans Downtown LA Bar]

Article courtesy of Los Angeles | Guest of a Guest – Los Angeles People, Places, Parties & Nightlife