Lunchtime Links: 10 people who will supposedly earn $10m at Goldman Sachs
Following Lloyd Blankfein's glowering performance at the FCIC hearings yesterday, ABC News has assembled a list of ten people, two of them in London, one of them a woman and one over 50, who it says will probably earn more than $10m this year. They are:
1) Pierre-Henri Flamand, London-based global head of prop trading group Goldman Sachs Principal Strategies.
2) Ashok Varadhan, global head of foreign exchange trading in North America.
3) David Heller, head of global equity.
4) Ed Eisler, head of interest rate trading.
5) Raanan Agus, manager of internal hedge fund Goldman Sachs Investment Partners.
6) Marc Spilker, co-head of asset management.
7) Harvey Schwartz, head of global sales and co-head of the securities division.
8) Isabelle Ealet, London-based global head of commodities.
9) Gordon Dyal, global head of M&A.
10) Richard Friedman, global head of merchant banking (principal investment division).
After tax, a 1m pay packet in London turns into 491k. (Bloomberg)
Bankers are just bonus snaffling Marxists. (The Times)
Banks that have already repaid TARP capital will not be spared the fee, and nor will firms that got no TARP money to start with. (Reuters)
What was that about Goldman giving to charity? (Telegraph)
This is probably Lloyd's last job. (Floyd Norris)
Soros Fund Management is said to be opening an office in Hong Kong. (DealBook)
"Most MBAs are not thinking about working in the gaming industry after business school. Our message was, 'Hey, don't sit in a cubicle and do Excel modeling all day." (Bloomberg)
New EU Commissioner Michel Barnier says he's not going to be taking orders from Paris, London or anywhere else. (Guardian)
"All I ask [of the Tories] is that once the election is over, can we see the end to 'banker-bashing'." (Financial News)