I agree, chump change, but consider that the decisions are often made on the fly and in response to constatntly changing market conditions. Although $1 million may be chump change for the firm, the individual actually transacting as MM has an account that has to be balanced, and a $1 million loss within that account is probably a career ender. If the decisions were made with the consent of the team manager, then two careers might come to an end, or at least cease upward movement. IMHO
doc.feelgoode@yahoo.com
"It ain't what they call you, it's what you answer to." --WC Fields