Posted by Leonard Steinberg on March 13th, 2014 Wall Street’s profits in 2013 were the seventh-largest ever: the combined profits of Goldman Sachs, JPMorgan Chase and other banks and brokers fell by 30% and revenues across the industry were flat, yet New York City collected $3.8 billion in Wall Street-related taxes last year, the second most ever!… [Read More]
WALL STREET PAY RIGHTEOUSNESS = HUGE 2013 BONUS $$$
Posted by Leonard Steinberg on November 27th 2013 Another story of mis-guided righteousness has emerged today: As a reaction to the outrage over excessive banker-pay, starting in 2009, the biggest Wall Street firms were pressured to pay their top money-makers in restricted stock, which usually vested in 3 or 5 years, rather than cash bonuses. The… [Read More]
BRACE YOURSELF: 2010 WALL STREET BONUS BONANZA COMING!
2010 Bonus pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal……so brace yourself for a real estate boost this coming Winter in New York. About three dozen of the top publicly held securities and investment-services firms—which include… [Read More]
BONUSES WILL BE STRONG THIS YEAR…..
It is very early in the year to be talking about bonuses…..but because bonus season fuels Manhattan luxury real estate so much, we thought now would be a good time to remind buyers that buying before those bonuses are paid out is ALWAYS smart. We know some will disagree with this philosophy, so we will… [Read More]