Quote from Sniemiec:
Your title: Raises Base Pay From 180k to 300K
Bloomberg's Title: Bank of America May Raise Investment Banker Salaries
Sounds like they are having problems retaining people. All the smart people are leaving...
Quote from Hansel H:
Leaving and going where exactly?
Quote from ARD45:
I would assume they are doing this because bonuses will be almost non-existent. Makes sense to me, but the publicity isn't really a good thing.
Boutique firms. Better banks. Startups. Smaller/more discrete firms in general.
It's been a very common topic of discussion lately.
Quote from Sniemiec:
Your title: Raises Base Pay From 180k to 300K
Bloomberg's Title: Bank of America May Raise Investment Banker Salaries
Sounds like they are having problems retaining people. All the smart people are leaving...
Quote from Hansel H:
Leaving and going where exactly?

Quote from ByLoSellHi:
Those f**kers are simply taking taxpayer money, skirting the bonus tax, and paying the ass clowns at that idiotic bank in a manner designed to get around that tax.
Mind you, if BofA was NOT taking taxpayer dollars, I could care less if they paid these employees 5 million a year, 10 million, whatever.
But these pieces of shit want to take 45 billion dollars from taxpayers, and pay the same ass clowns who can't tell a good loan from a bad loan the same or higher amounts of money?
F**k them!!!