Bankers’ bonuses: The (small) change we need
‘Twas the night before bonus season, when all through the White House many an adviser was stirring with the fierce urgency of acting now.
Later today JP Morgan will be the first big Wall Street bank to announce exactly how much its masters of the universe will receive in bonuses for simply doing their jobs. No [...]
Brain food: An anthropologist visits Wall Street
A new ethnographic study by Karen Ho reveals the inner life of American bankers
Anthropologists used to study the alien: pygmies in rainforests with blowdarts and more piercings than a knife-thrower’s assistant. Nowadays, however, few societies are more foreign than that found on Wall Street. After all, what could be more outlandish than the tribes of [...]
Bankers’ bonuses: Golden Sacks
And so it begins again. Goldman Sachs, the Wall Street bank that makes rivals green with envy, is gearing up for the end-of-year bonus season. Its giveaway fund is £10bn and rising, meaning that bankers will score an average £323,000 (emphasis on average; plenty of the traders will walk if they do not pocket far [...]
Obama’s speech to Wall Street one year on
The president’s address on the anniversary of the collapse of Lehman Brothers analysed in full
4pm: Even the oratorical skills of Barack Obama must be stretched by this one. How do you deliver a speech to Wall Street on the eve of the first anniversary of its near-collapse and explain to the world how virtually nothing [...]
