Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

 

8,300 Unique Visitors In The Past Day

 

Powered by Squarespace

 

Search The Archive Of 15,000 Videos

SEARCH THE DAILY BAIL

 

 

Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"


Get Our Videos By Email

THE FED UNDER FIRE: Must See Clip

Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
SEARCH
« Thursday Morning Links (Bill Clinton Edition July 23, 2009) | Main | Ratigan, Nassim Taleb & Stephen A. Smith Discuss Too Big To Fail »
Thursday
Jul232009

Bonus & Compensation Watch: Morgan Stanley, Goldman Sachs and JPMorgan Compared

So you thought Wall Street's days of surreal compensation structures had become forgotten because of the bailouts and near collapse of all the majors last Fall.  Think again.  Today we had news that Morgan Stanley has set aside 72% of total revenues from the 2nd quarter for employee compensation.  And this in a Q where Morgan Stanley reported a net loss to shareholders of $1.3 billion, and a $159 million loss from continuing operations.

This 72% figure compares to a decade-long street average of 48% of revenues being set aside for pay, bonuses and benefits.  Bloomberg has a nice compensation breakdown comparing Morgan Stanley to Goldman Sachs and JP Morgan.

First-Half Revenue, Compensation and Head Count from Bloomberg:

                   Revenue       Comp         Employees   Comp/Employee

Morgan Stanley $8.36 bln $5.91 bln 62,215 $95,009

Goldman Sachs $23.2 bln $11.4 bln 29,400 $386,429

JPMorgan $15,7 bln $6.01 bln 25,783 $232,983

PrintView Printer Friendly Version

EmailEmail Article to Friend