Might want to check out Lazard that posted a $140MM loss, because they paid a record comp ratio of 71% of their $1.6B revenue as comp figures. Last year their ratio was around 55-57%, meaning that if they paid the same compensation ratio, they could have posted around a $300MM profit. Nice, at least some banks still care about paying big bonuses rather than reward their shareholders
Trending Content - Investment Banking Forum
| +455 | Don’t work at UBS - UBS Sucks | 44 | 1h |
| +330 | Article - UBS’ Investment Bank Keeps Losing Ground | 43 | 22h |
| +216 | Should My Intern Get a Return Offer? | 59 | 20h |
| +61 | Getting Laid in IB? | 28 | 1d |
| +56 | F*ck it I'm Going to Med School | 19 | 3d |
| +51 | Living in greenwich as an analyst? | 10 | 9h |
| +40 | Intern keeps sleeping at work - what to tell them | 22 | 3h |
| +33 | Quick Thoughts on CVC AI Sale Process | 5 | 21m |
| +31 | Nauseous every morning for past 3 years in IB, anyone else? | 20 | 13h |
| +27 | NYC Associate Budget | 9 | 1d |
Career Resources
just to clarify, it's the same average comp of 500,000 per employee, as Goldman Sachs. Lazard also is trying to get rid of all deferred comp plans, and have accelerated earlier deferred plans to pay now. Awesome, what would bruce say?
In school they never taught 'bout hamburgers or steak Elijah Muhammed or the welfare state But I know And I know because of KRS-One Yeah and I know And I know because of KRS-One
Because he's droppin', dropoin', dropin' science, droppin history With a whole heap of style and intelligency Yes, I know And I know because of KRS-One Yeah, and I know I know because of KRS-One
Because we don't want to pay money fee to hear the same old sounds Watch him, he'll take hip-hop to a higher ground And I know (How do I know?) And I know because of KRS-One Yeah, and I know And I know because of KRS-One And I know And I know because of KRS-One And I know And I know
Good thing? Bad Thing?
Harum expedita omnis reprehenderit rerum totam eaque. Maxime accusantium rerum deleniti odio fuga.
Sint temporibus dolor illo ut facilis odio illo. Quis eius quam quia necessitatibus vitae ratione. Officia et eos adipisci molestias at quo aliquid.
Quia adipisci error possimus et illo. Culpa doloribus et est ullam et omnis. Non aliquam vel earum dolores sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...