I have heard that 13% of retained empoyees in equities received no bonus. No Bonus?! Bet they wish they could have gotten severence and unemployment benefits! This was an official statement, but has not been corroborated by anyone that I know of.
One person, who will go nameless, told me that his bonus was not cut at all! He described feeling like the sole survivor of a deadly plane crash. He is happy, but wonders "why me?" Good question. I guess I see his point, but I'm not feeling any sympathy here!! I'd say that he's actually like an unscathed survivor of the crash; around 60-65% of the department limped away from our disaster, but only one (so far) has no wounds to show for it.
Any more data points on comp, positive or negative?
Tuesday, January 29, 2008
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