Word: topness
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Dates: during 2000-2009
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...also stress the importance of mentoring in the book. Why do you think this is so important? Young women need more role models and mentors. We can't get to the top key positions because the men are there and they are threatened because we are smarter than them...
...early October, Citigroup sold its commodities-trading division Phibro to energy company Occidental Petroleum. Citi was motivated to dispose of the unit because of pressure from regulators to curtail the pay of Phibro's top trader Andrew Hall, who made $100 million last year, and reportedly has a contract that would award him roughly the same amount in 2009. Oxy declined to comment on Hall's compensation. But the energy giant says Hall will remain with the unit at Oxy. Hall had threatened to leave Citi if his pay was cut, which means Oxy is probably honoring his contract. Says...
...crisis were supposed to dramatically downsize what bank executives - including hotshot traders - get paid. But a year later, little seems to have changed. Banks, which have roared back to profitability this year, look poised to dole out billions of dollars in year-end bonuses for 2009. Alan Johnson, a top Wall Street compensation consultant, estimates that Wall Street Christmas pay will rise 35% from the figure a year ago. That means Wall Street bonuses could total as much as $19 billion...
...gold paydays at financial firms are about to become a hot topic - again. In the next week or so, Kenneth Feinberg, the U.S. Treasury Department's special master of compensation who is scrutinizing pay packages at bailed-out banks, is expected to release a report on the 75 top pay packages at the seven firms that have received the most government support. Feinberg may say some of the salary deals are too rich and need to be reduced...
...they will pay their employees in year-end pay. Bonuses at Goldman Sachs, for instance, are on track to average over $650,000 per employee. Many people will get paid much more. Johnson says if Hall had stayed at Citigroup he might have been the only person at a top bank to receive a $100 million payday this year. But plenty of other folks will come close. He estimates that about 100 investment bankers and traders will receive a bonus of $10 million or more...