There's a compensation tool that accomplishes almost everything we want from incentives. It comes at the end of a year of good performance. It encourages employees to stay longer to realize its full benefit . It is the "raise."
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Photographer: Simon Dawson/Bloomberg
The lights of Canary Wharf, kept on, perhaps, by bankers working late to justify their bonuses.
$2 Million Bonuses Do Nothing For Performance. Europe Is Finally Killing Them.
Photographer: Jonathan Ernst/Bloomberg
JPMorgan Chase CEO Jamie Dimon at Senate hearings prompted by the bank's trading loss.
From the Belly of JPMorgan, a Closer View of the Whale Trade
In JPMorgan's report , a more nuanced picture of traders emerges than the usual idea of cowboys taking crazy risks. It shows a trader very worried about his position, and pushed deeper in by superiors.
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Photographer: Chip Chipman/Bloomberg
Like some of Wall Street's clients, salmon return to their spawning grounds, where they are caught and smoked.
Where Bad Ideas Return to Spawn
A perfect study in Wall Street 's Law of Eternal Return: as Fed buying ends and mortgages slip, property-backed CDOs -- pools of sliced and diced mortgage loans -- are suddenly back.
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Photographer Will Wintercross/Bloomberg News
Dangerous as they can be, prop traders weren't the gorillas who beat up Wall Street.
Prop Trading, the Bogeyman That Didn’t Take Down Wall Street
Is prop trading really the problem with Wall Street? Before you answer, try to recall what caused the collapse of Bear Stearns and Lehman Brothers Holdings during the financial crisis.
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