- 28,830
- 17,443
- Joined
- Mar 22, 2003
the thread about nothing...
- Thread in 'General' Thread starter Started by Renaldo Balkman,
- Start date
jpzx
Supporter
- 57,532
- 27,219
- Joined
- Feb 7, 2008
When a job with a significant salary bump comes up, even if that means Winnipeg
- 28,830
- 17,443
- Joined
- Mar 22, 2003
What do you do again brother?
jpzx
Supporter
- 57,532
- 27,219
- Joined
- Feb 7, 2008
Treasury specialist at the Minneapolis Fed Reserve Bank
- 30,207
- 40,471
- Joined
- May 25, 2004
I’m over it man, I plow snow at MSP airport, if it’s not snow it’s freezing rain.
jpzx
Supporter
- 57,532
- 27,219
- Joined
- Feb 7, 2008
Saw where you said you can make $100k a year in a thread being a street sweeper if that is the same/similar
- 7,443
- 12,355
- Joined
- Jan 26, 2003
@1:04 the story starts
- 30,207
- 40,471
- Joined
- May 25, 2004
Yeah it’s not hard to make 100k+ these days in the trades. My snowiest month at the airport I made 17k.
I’m ready to get out of the airport though. It’s boring AF.
- 28,830
- 17,443
- Joined
- Mar 22, 2003
Head over to DC - I got friends at the Fed there
jpzx
Supporter
- 57,532
- 27,219
- Joined
- Feb 7, 2008
Well well. I’ll hit you up if that’s an option for me, thanks my dudeee
- 8,628
- 8,331
- Joined
- Aug 14, 2012
I’m a LAUSD grad
….
kdawg
Staff member
- 11,032
- 12,530
- Joined
- Jun 25, 2003
Wordle 650 5/6
- 11,058
- 17,011
- Joined
- Aug 21, 2010
Finally moved into my new work office. Desk was dirty ASF! Last two in here looked like they never took some cleaning wipes to it or bothered to vacuum. Good thing it’s laundry weekend. Got all filthy.
- 5,426
- 2,423
- Joined
- Aug 22, 2007
In a bit of a weird situation at work.
I sourced a new transaction from one of my counterparts at another bank. Basically got a call from a guy, Bob, who asked if we’d be interested in putting money in a challenging deal that he’s working on. I said yes. The fee that they were initially thinking of paying (let’s just say it’s $250K), was too low for my boss to consider doing the deal within my group. Dude said he wanted $500K.
I went back and told Bob that we were struggling with the fee being offered and we need $500K to do it. Bob went back to the company that he’s working with, and they agreed to the higher fee.
I go back and get the approval to move forward, and my boss tells everyone that we will ask for $625K, an additional $125K. I’m like ok…I already went back and asked for double, now I’m going back again and asking for more? In my mind we’re getting greedy, because the return already works for us at a $500K fee. We’re getting a 30% net return on putting funds into this deal which is more than fair. The additional $125K would only boost the return to 32%. It just feels a little greedy and disingenuous to go back to the guy I have to work with on the next deal, and the next deal and be like hey so we’re good to go….only if we get $125K. I might push back on that. I’m all about the $$$ but it just feels shortsighted to keep going back for more after I said we need X amount, when the next few deals I work with Bob on will more than make up for the 2% return we’re missing by not getting that additional $125K on this one.
Not using real numbers but that gives you an idea.
I went back and told Bob that we were struggling with the fee being offered and we need $500K to do it. Bob went back to the company that he’s working with, and they agreed to the higher fee.
I go back and get the approval to move forward, and my boss tells everyone that we will ask for $625K, an additional $125K. I’m like ok…I already went back and asked for double, now I’m going back again and asking for more? In my mind we’re getting greedy, because the return already works for us at a $500K fee. We’re getting a 30% net return on putting funds into this deal which is more than fair. The additional $125K would only boost the return to 32%. It just feels a little greedy and disingenuous to go back to the guy I have to work with on the next deal, and the next deal and be like hey so we’re good to go….only if we get $125K. I might push back on that. I’m all about the $$$ but it just feels shortsighted to keep going back for more after I said we need X amount, when the next few deals I work with Bob on will more than make up for the 2% return we’re missing by not getting that additional $125K on this one.
Not using real numbers but that gives you an idea.
Last edited:
- 28,830
- 17,443
- Joined
- Mar 22, 2003
So where did you net out?
usabasketball08
I was just superseded on a deal I didn’t want to make that another partner did.
usabasketball08
I was just superseded on a deal I didn’t want to make that another partner did.
Last edited:
- 8,628
- 8,331
- Joined
- Aug 14, 2012
bendover you delete IG!? I ain’t seen ya
Yea papa
Been deleted since Jan 1
Should be back mid year.
Congrats on the baby by the way brodie, super happy for you king. Welcome to fatherhood!
- 28,830
- 17,443
- Joined
- Mar 22, 2003
Thx fam fam - it's been a wild adventure!
- 5,426
- 2,423
- Joined
- Aug 22, 2007
So where did you net out?
I was just superseded on a deal I didn’t want to make that another partner did.
Yo, congrats on the baby!!!
Haven’t made a decision yet.
6 Rings G.O.A.T.
Supporter
- 135,820
- 116,443
- Joined
- Feb 11, 2006
- 42,488
- 177,807
- Joined
- Oct 28, 2013
darthska
Staff member
- 46,206
- 30,361
- Joined
- Apr 30, 2004
Lying through her damn teeth.
- 42,488
- 177,807
- Joined
- Oct 28, 2013
- 1,194
- 4,083
- Joined
- Sep 6, 2022
- 7,365
- 23,227
- Joined
- Nov 7, 2019
