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JPMorgan Traders Set for Up to 20% Bonus Jump After Record Year
JPMorgan Chase & Co. is planning to boost annual bonuses for its sales and trading workers even as payouts are set to decline across the company.
The biggest U.S. bank may increase variable compensation for traders by 15% to 20% after the business generated a record $23.5 billion of revenue in the first nine months of the year, according to people briefed on the preliminary discussions. Payouts will vary widely among desks depending on performance, and bonuses could still change as the process is in an early stage, said the people, who asked not to be identified because the information isn’t public. A 20% bump for traders will come as a disappointment for those hoping payouts would rise in line with the 48% surge in revenue generated by JPMorgan’s markets businesses so far in what was some workers’ busiest and most stressful year ever.
Executives are preparing smaller payouts for the rest of the firm, with average bonuses likely to be lower than last year as JPMorgan focuses on reining in costs ahead of an uncertain 2021, the people said. The bank also is planning to freeze raises for most employees at the vice president level and above, the people said, echoing plans by Wells Fargo & Co. to freeze raises for top earners. JPMorgan spokesman Brian Marchiony declined to comment. JPMorgan’s plan for rewarding traders contrasts with the talks inside Bank of America Corp., where executives overseeing those operations have discussed keeping that bonus pool close to last year’s level, Bloomberg reported last week. The revelation surprised workers across Wall Street after compensation consultants had predicted the industry would enjoy generous raises.
moar
https://www.bnnbloomberg.ca/jpmorgan-traders-set-for-up-to-20-bonus-jump-after-record-year-1.1529628
Slack Technologies Inc sold by CEO: $27.77m-Nov. 23 & 25
Slack Technologies, Inc. is engaged in offering Slack, a team communication tool. The Company's platform consists of a set of open, documented application programming interface (APIs), developer tools, and an App Directory that lists apps that have met the guidelines. Organizations on Slack use its platform to create internal applications and integrations, ranging from simple notifications to complex internal workflows. Third-party developers build integrations and applications that make it easier for their existing customers to engage with their products as well as find new customers. Slack is a layer of the business technology, where people work together connect all their other software tools and services and find the information they need. Number of employees : 2 045 people.
https://www.marketscreener.com/quote/stock/SLACK-TECHNOLOGIES-INC-60037714/company/
from Nov 25
Salesforce in talks to acquire workplace app Slack
Cloud-based software company Salesforce.com Inc is in talks to acquire workplace messaging app Slack Technologies Inc as it seeks to expand its offerings to businesses, people familiar with the matter said on Wednesday.
https://www.reuters.com/article/us-slack-tech-m-a-salesforce-com-idUSKBN2852PA
https://www.finviz.com/insidertrading.ashx?oc=1775610&tc=7&b=2
How fortuitous that 650K of these shares were sold after the stock gapped up $9 from the tranche sold on Nov 23.
Facebook sold by Mark Zuckerberg COB/CEO: $34.38m- Nov 25 & 27
Moar fundage
https://www.finviz.com/insidertrading.ashx?oc=1548760&tc=7&b=2
VV105 USMC G5 se from Marseille, France after a ground stop for fuel and crew x-departed JBA earlier
Saw this depart earlier and wanted to see where it ended up. SE into the Med
RCAF CFC4103 nw from Kuwait CIty, Int'l Airport
an additional example of fly overs over Israeli Airspace allowed.
nite faggots