The Suffering of the FIRE Elite

[BigBagel]

http://www.bloomberg.com/news/2011-1...kers-fret.html

I feel especially bad for the 27 year old forced to make do with $500,000 a year. It's not fair!

[dcarrigg]

Re: The Suffering of the FIRE Elite

Gas on the FIRE.

[Slimprofits]

Re: The Suffering of the FIRE Elite

An era of decline and disappointment for bankers may not end for years, according to interviews with more than two dozen executives and investors. Blaming government interference and persecution, they say there isn’t enough global stability, leverage or risk appetite to triumph in the current slump.

We have several regular posters on Itulip that this paragraph sums up perfectly

[GRG55]

Re: The Suffering of the FIRE Elite

Shrinking business in the financial sector worldwide, bank layoff announcements every week, an industry headed back to utility status...how else are they going to cover Sir Fred's pension payments?

Will the horror ever end...

RBS Cancels Christmas for Investment Bankers

Oct 14, 2011 6:32 AM MT

[GRG55]

Re: The Suffering of the FIRE Elite

And for those that don't have Sir Fred to fund...well they get pick new office furniture apparently. Bank fees in Canada too high? Just wait...

OMERS, CPPIB to develop new RBC headquarters

TORONTO— The Canadian Press

Published Friday, Oct. 14, 2011 9:26AM EDT

Last updated Friday, Oct. 14, 2011 10:43AM EDT

Two of Canada's largest pension plans are teaming up to build a 30-storey office tower in downtown Toronto that will become the new national headquarters for Royal Bank of Canada.

The development, to be called RBC WaterPark Place, is a 50-50 joint venture between the Canada Pension Plan Investment Board and Oxford Properties Group, the real estate arm of OMERS, the Ontario Municipal Employees Retirement System...

...It is being built on the north side of Queens Quay between Bay and York Streets, with construction slated to begin later this year RBC will make WaterPark Place the new national headquarters for its Canadian Banking business and occupy more than half of the 930,000-square-foot property.

More than 4,000 RBC employees are expected to move into the new space beginning in the third quarter of 2014...