Lunchtime Links: Unsubstantiated rumour suggests Polverino getting $10m

As we speculated last week, Antonio Polverino, the star Merrill Lynch/BofA fixed income salesman who's gone to work for RBS, was probably tempted by a very large package.

According to our sources, $5-7m would not have been unreasonable for a man of Polverino's abilities. The Times followed up on the story over the weekend, citing a unnamed source who said Polverino received $10m and another unnamed source who said he got half that. Either way, the paper said there's agreement that Polverino's package is "huge" and that as a nationalized bank RBS is an awkward place as a result.

US government getting closer to broad regulation of Wall Street pay. (NY Times)

The last thing we need is a government bureaucrat deciding how much is too much, especially on a case-by-case basis. (Clusterstock)

Feinberg (new Wall Street Special Master for Compensation could push for higher pay for executives, not less.) (Wall Street Journal)

Anshu Jain reassures everyone that he has no intention of replacing Vikram. (Independent)

VTB Capital is recruiting three people from Troika Dialog in Russia. (Financial News)

Barclays is hiring in prime brokerage too. (Financial News)

Employees at Barcalys Global Investors could get $585m from sale to Blackrock. (Telegraph)

Ceberus cut one third of its UK staff in the first quarter. (Reuters)

Half the executives at top private equity houses have MBAs. (Financial News)

2017 before Scottish financial services jobs back to 2008 levels. (The Times)

Yes, it is worth getting an education. (Calculated Risk)

How to flee an ailing industry. (Wall Street Journal)