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Thursday, May 10, 2012

Reuters Money: Exclusive: Merrill MVPs earn half firm's revenue, big paychecks

Reuters » Money 2012
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05/10/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Exclusive: Merrill MVPs earn half firm's revenue, big paychecks
NEW YORK (Reuters) - The multimillion-dollar signing bonuses that big brokerages are doling out to recruit elite brokers may seem excessive, but internal reports from Merrill Lynch show why firms are willing to pay top dollar for a top broker.
American Funds clamps down to improve bond fund
BOSTON (Reuters) - American Funds succeeded for decades with a simple strategy of dividing its giant funds among multiple managers who each operated independently.
Stern Advice-Good student debt, bad student debt
WASHINGTON (Reuters) - It wasn't that long ago that high school seniors and their parents met astronomical college loans with a shrug and a signature: Whatever it took to send junior to his "first choice" school was a small price to pay.
Analysis: Investors vent frustration over Mexico rates message
MEXICO CITY (Reuters) - Investors wrong-footed by the Mexican central bank's decision not to cut interest rates last month are calling for policy makers to fine tune their message to markets.
Fidelity launches two new stock funds to tap global dividends
BOSTON (Reuters) - Fidelity Investments has tapped one of its up-and-coming portfolio managers to run two new mutual funds geared toward finding companies around the world that have stable cash flow and a willingness to pay dividends.
Zoe Cruz's Voras Capital hedge fund shutting down: source
(Reuters) - Zoe Cruz, the former Morgan Stanley co-president, is closing her Voras Capital Management hedge fund and returning investor money, a source familiar with the fund said.
At hedge fund confab, talk of devaluing the euro
LAS VEGAS (Reuters) - Economists gathered in Las Vegas for a hedge fund conference were focused on the crap games going on in Europe.
U.S. money funds added euro zone bank debt in April
NEW YORK (Reuters) - U.S. prime money market funds raised their holdings of euro zone bank debt in April, resuming their return to this sector this year after scaling back exposure in March, a report from J.P Morgan Securities released on Wednesday showed.
Green Mountain founder feeling burned by stock flap
WATERBURY, Vermont (Reuters) - The founder of embattled Green Mountain Coffee Roasters Inc said he felt the company treated him unfairly by ousting him as chairman after a share sale that broke company rules but defended its commitment to doing the right thing.
Management Tip of the Day: Build a better business case
BOSTON (Reuters) - To build the best business case, don't rely on preconceived notions, and remember to pull in various stakeholder before charging ahead, says Harvard Business Review.
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