Lunchtime Links: The shape of bonuses at Goldman and BarCap

We're a little late on this, but as you are undoubtedly aware greater light has been shed on the dimensions of bonuses at Goldman and BarCap.

BarCap, according to the Financial Times, plans to defer up to 100% of bonuses for its 11 member executive committee for three years, and more than 75% of bonuses for its next 2,000 staff for three years. 'Lower ranking' persons will have around 50% of their bonuses deferred.

Goldman, meanwhile, has capped bonuses for its 100 London partners at 1m. As Robert Peston is keen to point out, this doesn't mean that all other staff won't be earning 1m. The partners have apparently foregone instant compensatory gratification in order to be, 'be seen to be exercising the restraint on remuneration which the Chancellor of the Exchequer has urged on all bankers.'

"I will work non stop to make sure Goldman Sachs stays on top for as long as I breathe. I'm not asking you to do this for me, I'm asking you to do this for us."

(The eFinancialCareers Student Centre)

Three out of four people want the UK government to put a cap on bankers' salaries. (Financial Times)

we're now up to four competing conceptions of financial regulatory reform: Treasury's, Frank's, Dodd's, and Volcker's. And that's just within the Democratic party. (Reuters)

Myners wants a review into why banking has "permeated so many corners of society." (Telegraph)

Blame quants for the crisis. (Wall Street Journal)

If we want them to get up in the face of the prop trading desk, we should be tripling the budgets of the regulatory agencies. (Megan McCardle)

Renaissance Capital plans to hire 200-250 extra staff this year. (Financial News)

SocGen and Credit Agricole are contemplating a joint venture. (Bloomberg)

LBS tops the FT's rankings of MBA schools. (FT)

Why we love Temasek's bonus plan. (Wall Street Journal)

5,000 jobs are being created at McDonalds. (Telegraph)