Word: wall
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...make $100 million dollars on Wall Street, so the old joke goes, is to start with $200 million...
...answer to the first question, at least in Oxy's mind, appears to be yes. The answer to the later question is, once again, get to Wall Street...
While the amount Hall would have gotten paid is unusual even for Wall Street, how he got paid is not. Hall had a pay package with Citigroup that guaranteed him a percentage of the profits of his group. Recruiter George Stein of Commodity Talent says it's normal for traders to get paid as a percentage of their division's profits. Most contracts guaranteed traders around 9% to 11% of their group's profits, before compensation. What's unusual about Hall is that he reportedly receives as much as 20% of his unit's profits, which sets...
...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...
...only 7.30 a.m., but the front door of house number 54A is already open. Outside, a short, bald man dressed in a neat, black-checked shirt and faded gray trousers stands beneath the nondescript building's huge windows, bows his head and puts it against the wall in a sign of obeisance. Arun Mukherjee, an accounts clerk in his late 40s, has been stopping here at Mother House, Mother Teresa's home in Kolkata, on his way to work every morning for decades. For him, the building is no less than a temple. "I feel very calm when I stop...