Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: clochard who wrote (154932)	8/5/2011 2:25:00 PM
From: Salt'n'Peppa	Respond to of 206124

Should we feel sorry for the poor Wall Street investment bankers??? blogs.wsj.com And the hits just keep on coming for Wall Street workers. This week’s stock market swoon was essentially a giant pay cut for the finance industry. Restricted shares now represent between 10% and 50% of all Wall Street compensation with the share rising in step with seniority, according to Alan Johnson, managing director of New York-based pay consultancy Johnson Associates Inc.. Those paid in options, rather than stock, are in even worse shape. When investment bank are laid off, they almost always lose unvested options and traditionally have 90 days to exercise vested options. The equities dive yesterday and today dragged piles of those share rights underwater and those unlucky enough to find themselves out of work in coming weeks won’t be able to wait for them to get back into payout territory. Consider a banker who had a slug of options vest in the past year as part of a compensation package. If the share rights were priced anywhere near the market rate in the past three years, odds are good they are no longer in the money. Just look at the one-year stock moves for U.S. traded shares of the investment-banking firms that have announced layoffs lately: Barclays: -39% Credit Suisse: -34% Goldman Sachs: -18% HSBC: -14% UBS: -16% Robert Benowitz, a labor lawyer and partner with New York-based Rick Steiner Fell & Benowitz LLP, has been busy the past few months fighting for Wall Street’s castoffs. More than anything else, he is trying to convince his clients’ former employers to extend the 90 day window on exercising options or lowering the exercise price on piles of options. “It’s terrible,” he said. “They’ve worked very hard for these awards and they’ve actually been awarded the awards and now they’re going to lose them.” Companies are reluctant to tinker with their pay plans, particularly given the amount of heat Wall Street has taken for its pay practices recently. However, Benovitz did score a victory for a “very senior” manager at a prominent bank. The fact that the man had drawn up the firm’s vesting schedule didn’t hurt.

To: clochard who wrote (154932)	8/5/2011 3:37:36 PM
From: t4texas	4 Recommendations Read Replies (2) \| Respond to of 206124

clochard, your two sentences are a non sequitur. fortuitously i can read and speak german. this article you posted in german only says a geothermal trial the city of basel, switzerland, was doing caused some kind of quake. i could find nothing that said how many feet or meters into the earth they penetrated. i could find nothing in the article about fracing or explosions in the earth for the geothermal tests. maybe you could help me out in finding that info, if available. all i learned was they say basel is not suitable for geothermal.

To: clochard who wrote (154932)	8/7/2011 12:04:53 PM
From: t4texas	13 Recommendations Read Replies (1) \| Respond to of 206124

clochard, i don't mind chasing a red herring sometimes, but you guys will post Anything that looks like it will fool people into thinking that fracing has dire problems, including a 2006 geothermal problem in switzerland. in switzerland there was no fracing, and there was no shale to penetrate. i understand if you knew jack scheiße about some of the stuff you post, you would not have much to post. so you post anything whether credible or not. but can't you find enough bogus info to post in english so everyone can read and understand what your posted links say. this link below says the driller used an incorrect sealant for the Rock wall (what were they thinking?) in the drill hole. it says the sealant was not designed to withstand sulfuric acid. the sulfuric acid formed when anhydrite (calcium sulfate) in the basel soil was mixed with water. that is what caused the tear in the rock wall in the drill hole. (t4texas editorial is why did they not use high quality steel pipe instead of a building Rock wall with a sealant?) badische-zeitung.de this is the original link you appended that you imply has something to do with fracing around the city of basel, schweiz. this whole geothermal mess in basel had absolutely nothing to do with fracing shale. there was no shale involved. read the other links i have provided to see the problem was a rock wall with some kind of sealant under high pressure water that failed when sulfuric acid dissolved the sealant and pushed lots of water close to the surface of the land. badische-zeitung.de this link talks about some of the legal stuff. these guys drilled down 16000 feet, built some kind of rock wall around the bore hole with a mistaken sealant that sulfuric acid would dissolve (they ignorantly or fraudulently said it would not be dissolved by sulfuric acid), put high pressure water on the bore hole, and the rock wall developed tears when the sealant failed. that was the cause of the earth quake in the basel area. badische-zeitung.de badische-zeitung.de