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Co-op Boards Over Bonuses

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Wall Street's bonus babes used to rule the roost when it came to attractive co-op purchasers, but boards now look at bonuses like the plague, JhoRo reports: "'If you were bidding against someone from Wall Street who had this kind of bonus history, you couldn’t compete. First of all, they were willing to outbid you, and second of all, the sellers were willing to take them over somebody else,' says Gumley Haft Kleier president Michele Kleier. 'Bonus used to be the favorite word in everybody's vocabulary. Now salary is a much more attractive word.' Admits one Upper West Side board member: 'We're definitely cautious across the board now, especially when someone’s touting their bonus.'" [NYMag]