Comments on: Expected Bonuses on Wall Street http://6ampacific.com/2009/01/31/expected-bonuses-on-wall-street/ Basab Pradhan's weblog about business and life in a 'flat world'. 6 AM Pacific is the best time for a global conference call. Sat, 13 Mar 2010 08:05:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Bharat Rao http://6ampacific.com/2009/01/31/expected-bonuses-on-wall-street/comment-page-1/#comment-16109 Bharat Rao Mon, 02 Feb 2009 03:45:26 +0000 http://6ampacific.com/?p=310#comment-16109 Basab - agree that bonuses should not come with implicit minimums. Also agree that Hosur Road has always set such expectations while Wall street took at least a minimum bonus for granted. On a separate note, is this a good time for Hosur Road to actually get a bit greedy and take some risk to try and leapfrong to the next level? Some good moves have been made - by acquiring India based Wall Street captives. But should they do more. For instance, offer to take on projects that Wall street cannot afford to fund now in return for access to areas that they wouldn't normally have access to. And do this not on a small, relatively under-the-radar way but think big - setting aside a serious war-chest with some impact to immediate profits. I tend to think of this along nautical lines (<a href="http://eone.vox.com/library/post/feb-1-supertankers-and-supply-ships.html)." target="_blank">http://eone.vox.com/library/post/feb-1-supertanke...</a>To reiterate, many such things are happening. The question is about the scale of such activity. PS - Using "Hosur road" as a generic term for Indian outsourcing and not specifically referring to any company. I wonder why something like that hasn't caught on yet. Basab – agree that bonuses should not come with implicit minimums. Also agree that Hosur Road has always set such expectations while Wall street took at least a minimum bonus for granted. On a separate note, is this a good time for Hosur Road to actually get a bit greedy and take some risk to try and leapfrong to the next level? Some good moves have been made – by acquiring India based Wall Street captives. But should they do more. For instance, offer to take on projects that Wall street cannot afford to fund now in return for access to areas that they wouldn't normally have access to. And do this not on a small, relatively under-the-radar way but think big – setting aside a serious war-chest with some impact to immediate profits. I tend to think of this along nautical lines (http://eone.vox.com/library/post/feb-1-supertanke...To reiterate, many such things are happening. The question is about the scale of such activity.

PS – Using "Hosur road" as a generic term for Indian outsourcing and not specifically referring to any company. I wonder why something like that hasn't caught on yet.

]]> By: How about implicit minimum return for investors? « Angel 4 Angels http://6ampacific.com/2009/01/31/expected-bonuses-on-wall-street/comment-page-1/#comment-16108 How about implicit minimum return for investors? « Angel 4 Angels Mon, 02 Feb 2009 00:48:22 +0000 http://6ampacific.com/?p=310#comment-16108 [...] minimum return for investors? By Krish Implicit minimum bonus? (to use an expression that Basab Pradhan acknowledges if not defends) Huh, that sounds like a boy thing. Mine’s bigger than yours sort of [...] [...] minimum return for investors? By Krish Implicit minimum bonus? (to use an expression that Basab Pradhan acknowledges if not defends) Huh, that sounds like a boy thing. Mine’s bigger than yours sort of [...]

]]> By: Krishna http://6ampacific.com/2009/01/31/expected-bonuses-on-wall-street/comment-page-1/#comment-16104 Krishna Sun, 01 Feb 2009 01:46:13 +0000 http://6ampacific.com/?p=310#comment-16104 Implicit minimum bonus? Huh, that sounds like a boy thing. Mine’s bigger than yours sort of `entitlement’… Like their right to fire staff and going hat in hand seeking tax payer bailouts (in their private jets though) when they screw up. How about the `ticket items’ – mortgages, kids’ schools etc. of the staff that got fired the dour suits messed up business strategies? I think their sense of `entitlements’ should be perched a few notches higher because they likely don’t have much `retained earnings’ (excesses of yesteryears) to fall back on while they sit at home after having lost their jobs. And then, how about implicit minimum return for investors? Implicit minimum bonus? Huh, that sounds like a boy thing. Mine’s bigger than yours sort of `entitlement’… Like their right to fire staff and going hat in hand seeking tax payer bailouts (in their private jets though) when they screw up. How about the `ticket items’ – mortgages, kids’ schools etc. of the staff that got fired the dour suits messed up business strategies? I think their sense of `entitlements’ should be perched a few notches higher because they likely don’t have much `retained earnings’ (excesses of yesteryears) to fall back on while they sit at home after having lost their jobs.

And then, how about implicit minimum return for investors?

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