I hope you enjoy this hateful, hurtful, offensive kick to your s***-stained teeth this Monday morning, America.
"Wall Street firms are again recruiting commodities traders with promises of $1 million bonuses as prices of raw materials rise.... You are definitely seeing $1 million-or-more guaranteed bonuses coming back for 2009.... Some firms have introduced a quarterly “loyalty’’ payout this year in addition to salaries and bonuses.... Bonuses paid by banks to their fixed income groups, which typically include commodities, should expand by 40 to 50 percent this year."
So as YOU are LOSING JOBS by the HUNDREDS of THOUSANDS a month, Amurikn, PRICES are going to RISE -- and BANKERS are giving out $1 million dollar bonuses.
And they wonder why we are angry....
"Banks luring traders with big bonuses" by Chanyaporn Chanjaroen and Lars Paulsson, Bloomberg News | August 17, 2009
LONDON - Wall Street firms are again recruiting commodities traders with promises of $1 million bonuses as prices of raw materials rise.
Bank of America Corp. plans to boost its commodities headcount by 25 percent. Barclays PLC will increase staff about 6 percent. Morgan Stanley is recruiting traders in shipping. The banks declined to comment on compensation.
“You are definitely seeing $1 million-or-more guaranteed bonuses coming back for 2009,’’ said George Stein, managing director at the New York-based recruitment firm Commodity Talent LLC. “These bonuses would be for new hires who are movers and shakers, those who can double the size of business within a short period of time.’’
Oil has increased 99 percent and copper has rallied 98 percent since February.
Gee, and the paper was just crowing just crowing about about the low cost of oil.
Yeah, readers, the lying and looting has gotten to me.
The hiring also comes after financial companies cut more than 328,800 jobs, or 4.9 percent of the global total, after credit markets collapsed two years ago. “The business is picking up, and banks had trimmed so much they are making emergency hires,’’ said Jason Kennedy, chief executive of London-based Kennedy Associates.
Kennedy said he has moved at least 10 people in the past two months with guaranteed bonuses of $1 million, including commodity positions.... Compensation is coming under greater scrutiny since the world’s biggest financial companies wracked up almost $1.6 trillion of losses and write-downs. Citigroup Inc., Bank of America, American International Group, and Wells Fargo & Co. were among the biggest recipients of $385 billion of government funds to financial firms contending with the worst global slump since World War II.
Yup, one days it's the Great Depression, next day WWII. Excusing the f***ing looting, lying banksters, same f***ing thing every day.
JPMorgan, Citigroup, Morgan Stanley, and UBS AG are among banks said to have increased salaries amid restrictions on bonuses. JPMorgan, Goldman Sachs, and Morgan Stanley, all based in New York, repaid the government, removing them from restrictions on compensation.
Yup, they repaid us all and we all made a profit. I'll see you leaches in hell where I will feast upon your disemboweled organs.
Some firms have introduced a quarterly “loyalty’’ payout this year in addition to salaries and bonuses to retain top performers, said Jakob Bloch, managing director of Hampshire, England-based Commodity Appointments Ltd.
“It’s a sweetener....,’’ he said.
I hope their f***ing teeth rot.
Bonuses paid by banks to their fixed income groups, which typically include commodities, should expand by 40 to 50 percent this year, according to Johnson Associates Inc., a New York compensation consultant.
--more--"
Is this truly the ONLY THING you BASTARDS understand?
