Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Search the Community

Showing results for tags 'Wasnt enough...'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Welcome to DinarVets!
    • Rules, Announcements & Introductions
    • Questions and Tech Support
  • VIP Area
    • VIP Section
    • VIP Section
  • Iraq Topics
    • Iraq & Dinar Related News
    • Dinar Rumors
    • RV & Dinar Questions
    • Opinions, Perspectives, and Your Two Cents on the Iraqi Dinar
    • Chat Logs
    • ISX (Iraqi Stock Exchange)
    • Warka and Iraqi Banking
    • Dinar-ify me!
    • Buying and Selling Dinar
    • LOPster tank
    • Debate Section
  • General Topics
    • Off Topic posts
    • Natural Cures and Health Talk
    • Politics, 2nd Amendment (Gun Control)
    • Iraqi Inspiration and Stories of our Soldiers
    • World Economy
    • Music Videos etc
    • DV Weekly Powerballs.
  • Investing
    • Forex Discussion
    • Penny Stocks
    • Wall Street
    • Gold & Precious Metals
    • Foreign Currencies
    • Tax Discussion
    • Investment Opportunities and Wealth Management

Calendars

There are no results to display.

There are no results to display.

Product Groups

  • VIP Membership Packages
  • OSI Products
  • Just a Text
  • RV Intel and the Cash In Guide!

Genres

There are no results to display.

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Phone Number (for VIP text message)


AIM


ICQ


Jabber


Location


Interests


Biography


Location


Interests


Occupation


My Facebook Profile ID


My Twitter ID

Found 1 result

  1. ByKIM PETERSONMONEYWATCHJune 20, 2014, 8:58 AM Trader sues over skimpy $8.25 million bonus A former Goldman Sachs (GS) trader, still furious at getting only an $8.25 million bonus in 2010, has taken the giant investment bank to court to get paid millions more. Deeb Salem says he helped Goldman earn more than $7 billion and that a little more money in his pocket would only be fair considering all his contributions. He wants about $5 million in additional pay from Goldman. In his petition filed last week in New York's State Supreme Court, Salem said things at Goldman started to unravel when he got a written warning about his 2007 job self-evaluation, Bloomberg reports. In that self-evaluation, Salem reportedly discussed a short squeeze involving derivatives linked to subprime home loans in 2007. His own words were later used by U.S. Senators investigating whether Goldman bet against the mortgage market in 2006 and 2007 in such a way that helped it reap massive rewards as the housing sector tanked. You just don't talk about such things in your job evaluations at Goldman, and Salem said his pay was docked as punishment for those comments. Salem watched his annual bonus go from $15 million in 2009 to $8.25 million the next year and $3 million in 2011. He left the firm in 2012 but soon filed a complaint about his 2010 pay with the Financial Industry Regulatory Authority, Wall Street's self-funded regulator. He tried to get more than $16 million from Goldman in arbitration, including nearly $7 million in deferred stock he felt he was owed. But the authority sided with Goldman Sachs. Now, Salem wants New York's state court to overturn that regulatory decision. Goldman has argued that it has the final say on all bonus amounts and that Salem was aware of the policy. Goldman's lawyer, Andrew Frackman, said during a hearing on the case that Salem received more than $35 million in pay over six years and was better paid than his peers, Bloomberg reports. "He made a ton of money," Frackman said at the hearing, according to Bloomberg. "He's not entitled to more simply because he would like to have been paid more. If that were the case, you'd have traders and bankers in here every day of the week."
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.