How One Goldman Sachs Trader Made More Than $100M

Re:How One Goldman Sachs Trader Made More Than $100M by nstj on Wednesday October 19, 2016 @10:55PM (#12749483)

@dang - the profits were for the firm, so the title is clickbaitish.

Suggested alternative: "How One Goldman Sachs Trader Made His Firm More Than $100m"

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Re:How One Goldman Sachs Trader Made More Than $100M by Sarki on Thursday October 20, 2016 @04:37AM (#12750624)

"The gains were the work of Tom Malafronte, a managing director on the bank’s high-yield-bond desk in New York."

A "Managing Director" so I'm pretty certain that he didn't do it himself, his team(s) did. Frankly annoyed by this recurrent praise for management people, at this level such a guy never dips a toe in the trenches.

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Re:How One Goldman Sachs Trader Made More Than $100M by osullivj on Thursday October 20, 2016 @05:05AM (#12750742)

MD on a major bank trading floor is very much a hands on job. Probably supervising between 2 & 20 junior traders, ultimately tesponsible for their positions, and setting strategy. An IT MD in a bank would have headcount in the 100s.

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Re:How One Goldman Sachs Trader Made More Than $100M by zump on Thursday October 20, 2016 @05:38AM (#12750884)

What's their bonus like?

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Re:How One Goldman Sachs Trader Made More Than $100M by osullivj on Thursday October 20, 2016 @05:35PM (#12756392)

I know a trading Director for a rates desk who got GBP2.2M EOY 2007. MD would be more.

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Re:How One Goldman Sachs Trader Made More Than $100M by dizzylight on Wednesday November 02, 2016 @04:02AM (#12852964)

not too much for fix income sector

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Re:How One Goldman Sachs Trader Made More Than $100M by nstj on Thursday October 20, 2016 @06:31AM (#12751110)

What's a management person?

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