Wall Street Bonuses — MORE Ancillary News

Quarterly or yearly pressure to perform just too much? If you’re looking for a firm that takes a slightly more long-term approach to things, you might want to consider Generation Investment Management, the firm started by Al Gore. Generation pays bonuses on a three-year timetable, according to this article from the Guardian.

The idea behind it is to incent analysts and managers to think beyond the three-month horizon.

***
Meanwhile the NY Observer wonders whether real estate brokers will be peeing in their pants after the bonus cash starts buying up Manhattan.Past years indicate that while total sales volume doesn’t increase in Q1 and Q2 following bonus season, bonuses typically lift prices. And there’s the psychological effect, too.

And for all of those invested in the Manhattan real estate market, but not working in finance, you can thanks bankers’ bonuses for the tidy little profit you made by flipping your apt –

“‘If you take away our bonuses, our marketplace could be something like Miami or California, where they’re seeing a great deal of price depreciation,’ said Christopher Mathieson, the managing partner at luxury boutique JC DeNiro & Associates.” (NY Observer)

Post a Comment