UK
Nomura said to change its mind about Lehman bonuses – Updated
6 October 2008
Rumour has it that Nomura's suddenly having second thoughts about paying enormous two-year bonuses to the people it's poached from Lehman.
According to one totally anonymous headhunter, the Japanese bank has reached a realisation that this isn't 2006 and has cut its two-year guaranteed packages to one year. "A few people are still getting two-year deals, but most of them have now been rescinded and taken down to one year," he says.
He adds that a high proportion of Nomura's guarantees are for less than 100% of 2007's bonus: "They range from anything from 50% to 130%, with a significant proportion below 100%."
Other headhunters are less certain that the latest move represents much of a change. "Nomura is still paying two-year guarantees to senior staff and there has been no indication that this will alter," says one.
why don't you wait till the story is substantiated rather than rumouring, after all, you dont have to wait that long
anonym 03 Oct 2008
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