Word: bankers
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More typically, an investment banker at the managing-director level who earned a $1.5 million bonus last year will collect between $2 million and $2.3 million this year. A midlevel bond trader may well draw $750,000, about 50% more than in 1995 (which was a very good year). At Morgan Stanley, bonuses will increase anywhere from 30% to 40%, with the biggest checks going to investment bankers who handled stock deals, and mergers and acquisitions...
...same time, non-American firms like Deutsche Bank, Union Bank of Switzerland and Britain's NatWest are trying to muscle in on the gold mine by hiring away some of the hottest prospectors. Deutsche Bank lured investment banker Frank Quattrone from Morgan Stanley, apparently by offering the kind of deal that made it easy for him to walk away from a reported $10 million job at his old firm. Goldman Sachs is attempting to stave off poaching by creating a new rung on the corporate ladder: junior partners, who will share some of the riches traditionally reserved for full partners...
...American banker and a Mexican homemaker, he grew up in Mexico City and played baseball well enough to be drafted by the then Kansas City Athletics after attending a prep school in New England. At his father's insistence, Richardson left baseball behind and chose Tufts University, ending up with a master's degree in international relations. After a three-year stint as an aide on the Senate Foreign Relations Committee, he moved to New Mexico to run for Congress...
...before his suicide on July 27, 1890, the work was estimated at $40 million in the late 1980s. But in 1989 the French government declared it a "national monument" and forbade its exportation, thus torpedoing its worth on the international art market. Collector Jacques Walter auctioned it off to banker Jean-Marc Vernes for $11 million in 1992; he then sued the French government for "spoliating" its value, and, incredibly, Walter won $29 million in compensation. After Vernes died last spring, his widow put the picture up for sale...
...antics of the presidential family are all too visible for Belgrade's protesters. What angers them most, however, is Milosevic's invisible transactions. Mladjan Dinkic, an assistant professor of economics at Belgrade University, believes that Milosevic, a former banker, has spirited huge amounts of money out of the country and into banks in Greece, Israel and Cyprus, where Milosevic's friend Borka Vucic runs an offshore private bank. The money, argues Dinkic, was extracted from ordinary Serbs during rampant hyperinflation and siphoned to foreign bank accounts from a network of black-market currency vendors and quasi-government banks. Even...