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Is this across the board from senior to analysts?
No details yet, just showed up on "breaking news"
You're an idiot.
Did you even read beyond the first 2 sentences? 20% of their total compensation? Its 20% of their bonus amount is being paid right now and in stock.
http://online.wsj.com/article/SB121502581181123671.html?mod=hpp_us_what…
The article says they are receiving 20% of their bonus in all stock since the stock price is so low. 20% right now, and the remaining 80% in January.
I don't know when LEH regular bonus payout period is, but the article said nothing of them not being able to pay bonuses on time, so I'm assuming the January bonus payout is not out of the norm.
they are trying to take advantage of the low stock price in order to help their employees take advantage of the upside once things return to normalcy (kind of like options-back-dating, without the associated scandal).
i guess management figures that the stock has hit a low and that employees will likely gain from pricing the stock-based portion of their end-of-year compensation at such a low price.
this aged well
The Lehmanites on this site are quite sensitive
Not really, honestly. That was a pretty big misread by the original poster.
Terms of the awards call for Lehman employees to get the equivalent of 20% of the stock award they received in 2007 as a down payment for their 2008 compensation. They will get the rest of their 2008 compensation, comprised of cash and stock, next January.
It sound pretty damn good. Knowing the stocks in the toilet and can only go up. Good work, Fuld.
I'm not sure what markets you follow where stocks "can only go up." I'd be willing to bet the Lehmanites would much prefer cash to stocks that vest over a three-year period.
Keep drinking the Kool-Aid...
________________________________________ø__________________________________________ "Now that my friend is a clear cut case of him or me. And you best believe it ain't gonna be me."
lmao
actually what the OP posted is exactly what the WSJ had up for their breaking headline
________________________________________ø__________________________________________ "Now that my friend is a clear cut case of him or me. And you best believe it ain't gonna be me."
LEH is not going to go up anytime soon. LEH employees would rather have cash, and invest abroad or buy cheap real estate, rather than waiting around.
Cash is not trash in this economy
Wrong lol
The majority of us realize headlines are meant to sound ridiculous and catch your eye, so you read carefully whatever is being fed to you. Without shocking, misleading headlines, the world is probably pretty boring.
So what are the actual numbers?
Sorry guys, when the story first broke on WSJ it was one sentence in the "Breaking News" box that read something to the extent of "Lehman employees receive bonuses equal to 20% of total compensation." I later realized my mistake... the headline was a bit deceiving.
i'd rather have cash and be able to decide if I like LEH at current prices...
lehman is simply trying to conserve cash. Or rather they are effectively creatively raising cash through a stock offering.
I wonder how LEH's stock price ended up?
Why did you comment on a thread from 7 years ago?
This is a pretty hilarious thread in retrospect.
I raised this before to the administrators of this website. Threads where no posts were made in the last 2-3 years should be locked. That being said, funny thread.
What would happen if you found threads like this and just cluttered the first 1-5 pages of I-Banking Bullpen with bumps?
Oh God, that is the most evil thing I could imagine.
Bump anyone know more?
lmao
Interested, following
Crazy how Credit Suisse did something similar this cycle...
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