MORE BONUS PROBLEMS

Nomura bought part of Lehman Bros. and somehow the American MOTU managed to snooker Nomura just as AIGFP snookered the American tax payer. Here it's not the case that they are in the same corporate culture, so how do these people do it?

Tension simmers at Nomura as Lehman bonuses loom
Fri Mar 27, 2009 3:14am EDT
By Michael Flaherty

HONG KONG (Reuters) - Things are getting tense at Japanese brokerage Nomura Holdings. ...Nomura, which bought Lehman's Asian, European and Middle Eastern divisions in a bid to raise its global profile and get instant access to places like China, Dubai and London.

Nomura offered a lucrative incentive plan just as the financial industry hit its worst downturn in recent memory.

The plan: a guarantee they would earn their 2007 bull market salary and bonus. That would add up in many cases to more than $3 million apiece, depending on which department they worked in, sources said.

Some guarantees were offered for 2-3 years, they added.