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Bloomberg Didn’t Sell Enough Terminals So Now Everyone’s Bonuses Are Getting Whacked
The lower bonus situation on Wall Street isn’t just for the bankers, but for the companies that service the bankers as well.
Since Bloomberg LP failed to meet its quota for selling its famous terminals, everyone at the financial media giant will receive lower bonus payouts, the New York Post reported citing an internal memo.
That means your favorite Bloomberg News reporters and Bloomberg TV anchors will take home a lower paycheck, according to the report.
If you’re not already familiar with the Bloomberg terminal, it’s basically a computer that’s targeted toward financial professionals so they can message other users, obtain real-time market data, news and stock quotes among many other functions.
They’re really awesome.
According to the Post, there are currently 310,000 terminals that are being used worldwide. However, the company only added 13,672 in 2011, which was short of its internal sales goal of 15,000.
So if they sold 1,328 more they wouldn’t be having this lower payout problem. Of course, it’s not exactly the best environment out there on Wall Street.
On a side note, revenue at Bloomberg climbed $720 million, or 10.5%, to $7.59 billion, the Post reported.
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See Also:
- Credit Suisse Does It Again And Pays Bankers In Derivative Backed Bonds
- Moynihan Says Bank Of America Could Save Up To $3 Billion Annually Cutting Costs
- GASPARINO: Here’s The Real Reason Why Morgan Stanley Capped Its Bonuses
6 Charts About The Future Of Learning
Source: http://www.businessinsider.com/future-learning-charts-2011-12
This past summer, the Pew Research Center published a report on the “Digital Revolution and Higher Education.” The whole report is worth a read, but we’re drawn to the charts. Here are a few.
In these, only 15% of college presidents said that most of their students have taken a class online. But half think that 10 years from now, most students will take classes online.
Interestingly, college presidents see a greater educational value for online learning than the general public. Some 51% of college presidents polled said online courses offer an equal educational value, compared to classroom courses, versus just 29% of the public.
Here, we start to see which types of colleges are leading the way in online learning: community colleges and less-selective colleges. Those trends are expected to lead the way, with 4-year private school presidents considering their undergrad student bodies the least likely to be taking online classes.
Not surprising: 62% of college presidents think that more than half of student textbooks will be entirely digital in 10 years. Only 7% of college presidents think that less than 25% of student textbooks will be entirely digital.
What’s helping that trend? Apple’s iPad. Here’s a bonus chart from Kleiner Perkins’ Mary Meeker showing just how fast the iPad is gaining steam relative to the iPhone and iPod.
More from our special report on The Future of Learning:
- 15 Education And Learning Startups You Need To Know
- POLL: What Technology Will Change Learning The Most?
- Teach Your Kids How To Code, Not How To Speak Chinese
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See Also:
- 15 Education And Learning Startups You Need To Know
- Special Report: The Future Of Learning
- POLL: What Technology Will Change Learning The Most?
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On Facebook, A Wal-Mart Employee Is More Valuable Than A Goldman Sachs Employee
Source: http://www.businessinsider.com/chart-of-the-day-facebook-ads-2010-6
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In the real world, using salary as a measure, a Goldman Sachs staffer is worth much more than a Wal-Mart employee. An average Goldman Sachs employee is paid a bonus of $500,000, while the average Wal-Mart employee salary is $20,000.
On Facebook, the opposite is true. In the eyes of an advertiser, a Wal-Mart employee is worth nearly twice as much as a Goldman employee, according to Facebook’s suggested advertising bid prices.
Kim-Mai Cutler at VentureBeat looked at Facebook’s suggested advertiser bid price on per category basis. What she found is pretty interesting.
As you can see in this chart, the most expensive company to target is Facebook. The next most expensive is Wal-Mart. Goldman and Bain employees are duking it out for the cheapest.
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Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.
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