Word: banking
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...Johnson predicts that the average managing director at an investment bank, a title typically earned after eight years on the job, will receive a bonus of $625,000. That's down from nearly $1.1 million last year, but it is still 15 times the income of the average American household. Top bankers could receive as much as $1 million. Even a bond trader just out of business school could see his or her bank account enriched by as much as $170,000 this Christmas. "The firms have had an extremely difficult year," says Joan Zimmerman, a Wall Street career coach...
...Earlier this month, the government announced that it planned to quickly inject $125 billion of the $700 billion economic rescue package into nine of the nation's largest financial firms, including Wall Street titans Goldman Sachs and Morgan Stanley, as well as Bank of America, which recently acquired securities firm Merrill Lynch. That, along with other Treasury Department moves to rescue Wall Street, will mean the wallets of many investment bankers will be fatter than they would have been...
...kept a relatively low profile through his campaign. But his grandmother was anything but low key during her career. Dunham was a trailblazer in her day in the 1960s and 1970s, a Caucasian female who rose in 1970 to become one of the first two female vice presidents at Bank of Hawaii, the islands' largest bank at the time. After she retired in the mid-1980s, she has mainly kept to herself in the Beretania apartment, cared for mostly by Obama's sister, Maya Soetoro-Ng. Soetoro-Ng does appear on her brother's campaign; she and her husband...
...They were gambling with other people's money.That's the point, with society's money. Banks are gambling with society's money, funds are gambling with investors' money - it's one layer better. So we should have more risks taken by funds and less risk taken by banks, because banks have a severe agency problem. ... When I trade I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line. He has an agency problem, and like [former Merrill Lynch CEO] Stanley O'Neal...
...magic button on the shades, we are transported to a techno-psychedelic dream world where, as usual, T-Pain is hanging at the bar and the strip club like he has no home. Usually singers brag about how all they do is show up anywhere—club, bank, or nursing home—and immediately attract five girls on each arm. But in this video, T-Pain gets real in confessing his awkward attempts to holla. Have you ever been in the VIP room of your favorite club with a girl kissing on you and just when you think...