Wall Street Bonuses — MORE Ancillary News
By BankersBall on Nov 30, 2006 in Cube Life, Lifestyle, NYC, Salaries
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.
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)


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