Still not happy …

… but at least there’s a semi-reasonable explanation for the most widely reported statistic regarding 2010 compensation; one that I can live with if I have to. Now, if we could just get our stock back out of the doldrums and performing again, at least my worries about the future would diminish, even while I’m […]

Buy buy buy!

Combine one part nervous traders, one part Greek crisis and one part trader error. Stir in one part central bank complacency. Bring to boil. Panic. That combination produced one of the wildest days ever in financial markets, with the Dow Jones industrial average, at one point, down almost 1,000 points while the euro sank to […]

Apparently, Lehman WAS murdered

The Murder of Lehman Brothers: An Insider’s Look at the Global Meltdown On the first anniversary of the murder of Lehman Brothers, Joseph Tibman, a 20-year veteran and senior investment banker, reveals in plain English, the people and forces that share responsibility for this catastrophe. His shattering account is told as only a true Lehman […]

Lehman Brothers “murdered”?

Ever wanted to know what causes a major investment bank to go belly-up? On January 29, 2008, Lehman Brothers Holdings Inc. (“LBHI”) reported record revenues of nearly $60 billion and record earnings in excess of $4 billion for its fiscal year ending November 30, 2007. During January 2008, Lehman’s stock traded as high as $65.73 […]

Let’s talk compensation … and customer service.

You know what I find frustrating? From today’s Wall Street Journal: And now, for what you’ve all been waiting for: Morgan Stanley’s compensation totals: Sure, the bank’s swing to a fourth-quarter profit of $617 million gets all the headlines, but here at Deal Journal, our eyes naturally seek out the compensation line on that profit […]

Pay for pay?

You’ve heard of pay-for-play, right? How about pay-for-pay? Here’s an idea that seems to make some sense. Don’t limit Wall Street pay and bonuses, but require higher FDIC premium payments if a bank’s pay structure is deemed to be “risky”, such as incentive bonuses for writing more loans (which leads to bankers writing riskier loans). […]