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If all the trading firms have a policy that bonuses are discretionary, as GS does, then there's really not much you can do. You could negotiate a higher salary
by smackfu 12y ago
If all the trading firms have a policy that bonuses are discretionary, as GS does, then there's really not much you can do. You could negotiate a higher salary, but it's not going to be comparable.
- confluence 12y agoThat's why you jump ship and stick it in base or in a sign up bonus at the new shop. You don't see John Arnold crying over how Enron didn't pay him enough for generating nearly all their profits.
- smackfu 12y agoYeah, it sounds like they verbally promised him the high bonus to keep him from jumping ship to start his own firm.
- confluence 12y agoManagers lying to subordinates in the financial industry to juice returns! How preposterous! Now wait here while I make a verbal agreement to buy a mansion.