Numbers out today.
Apparently IB bonuses are “20% down at the senior management level, 10% for the absolute peons, and 10-15% for everyone else.”
That’s all we know for now, let us know if there’s anything you’d like to get off your chest.
Article courtesy of Dealbreaker
Cuts going down circa now.
Apparently “exotics is in the process of getting hosed, though not everyone in the group knows it.” That is all we know so if anyone’s got any other details they’d like to get of their chest, feel free to do so at this time.
Article courtesy of Dealbreaker
Geoffrey Raymond, the greatest artist of our time is releasing the Liquidated Fuld and has requested annotations. If you’re not a former Lehman employee but still have something you’d like to get off your chest, feel free, Raymond only asks that ex-Brothers identify themselves as such so that he can put their love notes in a different color so they can be clearly identified by Fuld.
Article courtesy of Dealbreaker
FYI, someone’s hearing, that allegedly, “a large macro fund is blowing up today – liquidating all of their positions. Moving the commodity markets right now.” (If anyone knows anything else about this they’d like to get of their chest, feel free to do so at this time.)
Article courtesy of Dealbreaker
Go with me on this.
I’m asking because apparently Geoffrey Raymond, the preeminent artist of our time, is selling the above for $40,000. If you’re interested but need to see it up close before writing a check, Raymond is displaying it right now in front of the NYSE. In related news, who here pictured JC having that much chest hair? I personally never gave it much thought but now confronted with the question I’d have to say yeah, he’s probably pretty rug-like. (Perhaps not so much as a result of genetics but one misguided summer as a lifeguard on Jones Beach, not realizing the consequences of taking a razor to his chest.)
Article courtesy of Dealbreaker