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Wall Street bonuses

By Robert Knakal 2/25/10 1:59pm

So You Don’t Like the Wall Street Bonuses…

I love New York City. As a New Yorker who wants to see our commercial real estate market thrive, I know that a strong local economy is an essential element to healthy real estate fundamentals. In order for our local economy to be strong, we need a strong financial services sector, and Wall Street Read More

By Chloe Malle 12/08/09 9:29pm

What’s in This Season

Penthouse A at 255 East 74th Street epitomizes the new Wall Street apartment: a sound, convenient investment with all the bells and whistles but none of the glitz. The 76-unit building was designed to cater to families—apartments of three bedrooms or more comprise three-fourths of the building. This is for the family-man banker who values Read More

By Oliver Haydock 11/21/08 8:28pm

City Expects Wall Street Bonuses To Plunge Over 50 Percent

Hold on to your hats, ladies and gentlemen, Wall Street bonuses are headed for an epochal fall. According to estimates from the city Comptroller’s office provided to The Observer today, year-end bonuses will total $14.5 billion for 2008, an over 50 percent drop from 2007, when $28.9 billion was paid out to Wall Streeters.

Of Read More

By Oliver Haydock 11/06/08 4:44pm

Wall Street Bonus Cuts: Who They’ll Hit

According to two experts consulted by the Wall Street Journal, year-end bonuses for Wall Street employees will fall this winter between 20 and 50 percent from last year, when the big investment houses awarded $33.2 billion in bonuses. That would put the total payouts somewhere between $16.6 billion on the low end of the Read More

By Tom Acitelli 10/27/08 5:46pm

Will $20 B. in Bonuses Be Enough To Save Real Estate?

Bloomberg News reports today that Wall Street investment firms, even in the midst of the financial crisis, could dole out as much as $20 billion in year-end bonuses. Goldman Sachs, for instance, currently budgets an average of $210,300 for each employee, a 32 percent drop from 2007's average but still significant.

The real question Read More

By Tom Acitelli 9/10/08 4:00pm

Lehman Watch: Firm To Spin Off Commercial Real Estate Holdings

As investment bank giant (and major New York employer) Lehman Brothers teeters on the brink of joining Bear Stearns in that great trading floor in the sky, the announcement comes that the bank will spin off its commercial real estate holdings into a public company.

From a new Lehman Brothers' release:

The Firm intends Read More

By Tom Acitelli 8/28/08 3:08pm

Bankers, Guard Your Nuts

From the Wall Street Journal this morning:

The securities industry pays well, but employment is highly volatile. And autumn is typically the season of greatest sadness. Horrid credit conditions and this summer's steady drip of firings suggest the ax will fall with full force when Wall Street hobbles back to business after Labor Day. Read More

By Lysandra Ohrstrom 2/12/08 5:02pm

An Empty Wall Street BMW Dealership–But ‘You Should See It Around Bonus Time’

If Manhattan’s masters of the universe are not buying baubles for their partners on Valentine’s Day, what other obvious signs of belt-tightening does one see on Wall Street these days? I visited the Street's BMW dealership—another product of the boom—to see if bankers are skimping on their own toys as well.

The showroom was Read More

By Tom Acitelli 12/20/07 3:27pm

Bear Stearns Reports First-Ever Quarterly Loss, Top Execs to Skip Bonuses

Investment bank Bear Stearns has reported its first-ever quarterly loss. The loss of about $854 million over the fourth quarter of 2006 exceeded fears about how badly the bank's investments in subprime mortgages would affect it, according to The New York Times.

The Wall Street Journal on Wednesday reported that top executives at Bear Stearns Read More

By Tom Acitelli 12/18/07 2:11pm

Goldman Sachs Bonuses to Average $600,000 Per Employee

Goldman Sachs, the world's largest investment bank, is set to report on Tuesday a record annual profit of $11 billion, according to news reports this morning. More importantly for New York City and its real estate market, the average Goldman Sachs year-end bonus is expected to average an astounding $600,000 per employee--about double Read More

By Lysandra Ohrstrom 12/11/07 1:40pm

Wall Street on Jesse Jackson Foreclosure March: ‘These People Are Not Victims’

Despite Jesse Jackson’s warning of an impending “economic tsunami” from the subprime mortgage crisis, the only people marching on Wall Street on Monday afternoon were the business people whizzing past the few dozen protestors chanting “Restructure Loans—Don’t Repossess Homes” on the corner of Broad and Exchange streets.

Most business people strode past picket-wielding demonstrators, Read More

By Julia Heming 12/05/07 6:39pm

Wall Street Bonus Estimates Delayed

The city will have to keep waiting to find out how much Wall Street will take home in year-end bonuses. The state Comptroller's office usually releases by mid-December estimates of the total bonus amount and average bonus per Wall Streeter, but Comptroller spokesman Robert Whalen tells us today that the estimates won't be out until Read More

By Tom Acitelli 11/19/07 8:14pm

Wall Street Bonus Estimate: $38 B.

Bloomberg News reports that the leading Wall Street investment banks could hand out $38 billion in year-end bonuses--or, about $201,500 per employee. The bonuses would be spread amid 186,000 workers at Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns.

And, if history's any guide, the bonuses will then filter into basically Read More

By Tom Acitelli 10/31/07 9:35pm

Comptroller’s Wall Street Report: Meh

We had a chance to parse state Comptroller Thomas DiNapoli's report (PDF) on Wall Street's 2007 performance. Contrary to some earlier media coverage, the report looks mild in its pessimism, preferring a sort of not-too-hot-not-too-cold assessment of the Street's performance and its chances for a prosperous new year. (A release summarizing the report Read More

By Tom Acitelli 10/31/07 3:56pm

So What If Wall Street Bonuses Drop 10 Percent?

Wall Street bonuses this winter may be less than last winter's, but so what?

Even if bouses drop 10 percent--as state Comptroller Thomas DiNapoli predicted yesterday--that would still mean that 2007's total would be higher than every year's total except for 2006, when bonuses hit a record total of $23.9 million. Really, now, would a Read More

The New York Observer

Wall Street bonuses

So You Don’t Like the Wall Street Bonuses…

What’s in This Season

City Expects Wall Street Bonuses To Plunge Over 50 Percent

Wall Street Bonus Cuts: Who They’ll Hit

Will $20 B. in Bonuses Be Enough To Save Real Estate?

Lehman Watch: Firm To Spin Off Commercial Real Estate Holdings

Bankers, Guard Your Nuts

An Empty Wall Street BMW Dealership–But ‘You Should See It Around Bonus Time’

Bear Stearns Reports First-Ever Quarterly Loss, Top Execs to Skip Bonuses

Goldman Sachs Bonuses to Average $600,000 Per Employee

Wall Street on Jesse Jackson Foreclosure March: ‘These People Are Not Victims’

Wall Street Bonus Estimates Delayed

Wall Street Bonus Estimate: $38 B.

Comptroller’s Wall Street Report: Meh

So What If Wall Street Bonuses Drop 10 Percent?

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