Will Emerson- Margin Call 2011
I come back to this movie, time and again and I like the boardroom scene the most.
In the scene at the roof top of office building with Peter and Seth, he says that out of the 2.5 million that he made last year, he spent on
Tax: 1.25 million = 50%
Mortgage: 300k = 12%
Sent to parents: 150k = 6%
Car: 150k = 6%
Restaurant: 75k = 3%
Clothes: 50k = 2%
Rainy Day: 400k = 16%
and Entertainment (booze, etc.): 125k = 5%
I am curious if the breakup of Will Emerson's annual expenses is kind of standard for all the top guys. Cheers!
Umm, eh. Bumpity bump?
woah
I love this movie too and particularly this scene. Let's have fun and analyze:
First, the very believable:
Then medium believable
The movie logic / overkill
$48K in clothes is only 4 Kiton suits ($40K), 10 ties ($2K), 4 pairs shoes ($2K), and $4K for everything else including cuff links, collared shirts, casual wear and watches.
I think the restaurant portion could be higher, especially when paying the bill for groups.
Very fair point. I'm not thinking big brain enough. Suits and watches particularly. Restaurants if treating dates, or group (like team) could be higher, I agree. This was a neat thought exercise.
What group were these guys in? Lol I’m assuming S&T but I’m pretty new to this world. Also, what level is he at? MD? SVP? I just wanna put it into perspective cuz the movie is amazing especially that scene
He mentions that he had been with the firm 10 years. For conservatism let's say he has been with the firm the whole time and started 10 years ago. He could feasibly be a Director who is very successful / top bucket every year. Pre-crisis top bucket Director could feasibly be paid as much as a successful MD nowadays.
QuiltEmerson
Spending is still the same, except that I'm driving a Ferrari 488 now which set me back way more than 150k.
Such a criminally underrated movie with great actors, great plot and provides a realistic insight that is depressing and educational.
It’s very good but I think it’s overshadowed by the two ends of the spectrum. The Big Short is grim, dark, and painfully tethered to reality making it such a fantastic movie. Then there’s Wolf of Wall Street which is so outlandish it appeals to the beer crushing GoingToBeAStockBrokerBro-OhWaitThoseDon’tExist-NorthwesternMutualHereICome bros. This movie lies in the middle. My personal preference is The Big Short if I had to pick.
Audibly lol’d at NWM.
WoWS: What people think I do
Big Short: What I actually do
Margin Call: How I actually feel
With the exception of giving his parents 10%, I wonder how much of this can a VP or MD can relate to this.
So a trader and I just saw this posted on efinancial for the figures paid to risk takers and he and I were like WTF? This can't be right, as we're both on the inside. Not even close. Maybe before the Volcker rule days when large material risk taking wasn't negatively viewed.
https :// news.efinancialcareers. com /us-en/3003200/salaries-and-bonuses-traders-natwest-markets?_ga=2.118138953.1761932552.1581339407-1983256017.1572536697
I read that this morning as well and highly questioned it. Thing that caught my eye is it's outside the usa so maybe they get around the regulations, I'm not exactly sure.
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