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Lunchtime Links: Rich adult, popular child

To detract from the horror of the markets and the fact that this post is slightly late again (mouse meltdown), we'd like to highlight some new research suggesting that if your bonus was small and you are struggling to afford lunch from Pret a Manger, it is not the fault of your adult self: a study by Essex University shows that popular children - measured in terms of peers who said they were their best friends- earn more. Every additional friend at school means an extra 2% of adult income. It is not clear whether you can make amends by befriending lots of people in your 30s.

UKFI rejects Lloyds bonuses (Telegraph).

Some salaries at UBS are being raised to about 300k (CNBC).

"We strongly believe that the industry must respond to the requirement for a more sober and reasonable approach to compensation." (Telegraph).

Obama' tax whack on people making more than $250k. (CNN).

Goldman partners strapped for cash courtesy of Buffett. (The Times).

Goldman and JPMorgan Caz will make $500m advising HSBC. (Bloomberg)

Deutsche says it's selectively hiring in FX technology. (Financial News)

Deutsche's heads of distressed debt trading leave. (Bloomberg)

Merrill clears out Russian bankers. (Wall Street Journal)

More people go boutique. (DealBook)

MI5 alert on bank riots. (Daily Express)

Protesters hang effigy of a banker. (Thisismoney)

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AUTHOReFinancialCareers UK Insider Comment
  • To
    TonyM
    3 March 2009

    master of the universe...Al Pacino would be proud. Do you follow up that little gem to the girls with..."Say hello to my little friend...." ;)

  • ma
    master-of-universe
    3 March 2009

    I agree. Network is the most profitable think you can have, and it is better to start early. Big network=more good biz opportunities=more money (forget HH)

    BTW: ASW is interesting stuff, recently quite popular to start/develop biz relations. Got several opportunities from there from BB (!!)
    Also, good way to pick up girls, it works....you know, in our world "when you get the money, you get the power. Then when you get the power, then you get the women".....

  • To
    Todd
    2 March 2009

    I don't have a Facebook profile and don't tell you how much I earn.

  • Ro
    Rob
    2 March 2009

    I think Henry is one of the funniest people out there, I dont know why everyone here gets so up tight about his postings!! Henry can you come and be a comedian at my wedding?

  • Sl
    SlimShady
    2 March 2009

    did it ever occur to you jokers that there could be several copycat "Henrys" out there? It has been known to happen on other internet threads.

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.