Monday, February 07, 2005

Untitled

The associates and VPs found out their bonuses this past Thursday, and they were none too pleased. Well below Street. The analysts are taking bets on who's going to jet next week.

The higher up's bonuses also made me realize how much of a commodity analysts are. Unlike the associates and VPs, our bonuses this past June were at and above Street. Unlike the higher ups, our pay isn't really too dependent on our group's performance, but rather tied to what analysts at other firms get. It's commodity-pricing basically. All analysts on the Street are essentially interchangeable. On the one hand, in situations like this, it's good that our pay won't suck because our group didn't have a good year, but on the other hand, it just reinforces the point that we're commodities, like oil and gas.

Still have yet to make a decision on the third year. I did visit New York though to try to get a feeling of what it would be like to live there. Didn't find out too much, except that if you're drunk, you can be happy anywhere. I think I'm an alcoholic.

Random thought: If cell-phones do cause brain tumors, in 20 years, will all the MDs and lawyers in this world drop-dead? Would this necessarily be a bad thing for society?

Hours spent working this weekend: 0 (it's always a bad sign when you're happy deals get postponed/canceled because it means you get the weekend off)
New people met: 4
Vegas says: Long odds

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