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Inside views on the jobs market

from Global Investing:

On Bankers and Busing

Bankers are having a rough time of it lately.  It is not just that their companies are collapsing beneath them and their bonuses are the subject of global hate and derision. They also have to put up with the barbs of journalists (who are very familiar with being at the bottom of the popularity pile).

The latest example comes from Tim Dowling, scribbling away for Britain's Guardian newspaper.  Mr Dowling has penned a useful primer for bankers who suddenly find themselves living in the real world.

You can read the complete guide by clicking here.  But Global Investing's favourite tip concerns the use of London's celebrated buses:

"When a bus comes into view, raise your right hand as if you were hailing a taxi. Get on at the front and tell the driver where you are going. He will name a price. Haggling is frowned upon, as is suggesting a route. Buses have no business class as such, but the top deck, if there is one, offers superior views."

The new Wall Street doesn’t include champagne


In the 1987 cult classic movie “Wall Street“, Michael Douglas plays a ruthless stockbroker desperate to cash in on a seemingly endless supply of wealth and swanky perks lavished on hot-shot traders.

Ahhh, the 80s…

More than twenty years later, most would agree that corporate greed still exists — but the perks may be dwindling.

Is Wall Street poised for a makeover?


There’s no question Wall Street is undergoing a transformation of sorts with the recent rash of job losses and do-or-die consolidations. But once the dust has settled – what then?

It just may be the start of Wall Street’s warm and fuzzy rebirth, Forbes reports.

The bright side of financial turmoil


Who says it’s all gloom and doom on Wall Street? Sure, job cuts are fast and furious these days, but the deepening financial crisis is bringing about some interesting unintended consquences.  Time magazine reports that although the government bailout caps the salaries of top executives, it may actually prop up the bonuses of rank and file bankers.

True, those bonuses are substantially lower than they would’ve been had the markets not imploded in recent weeks — but not nearly as low as one might expect.