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Disney Rewards Loyal Actors – The Avengers’ Sliding Pay Scale



Robert Downey Jr. The Avengers

Chris Hemsworth, like Robert Downey Jr. as Iron Man, now gets paid in the tens of millions for his role as Thor in the “Avengers” movies.

When he started out in Disney’s Marvel Cinematic Universe (MCU) Hemsworth’s first role as Thor in 2011 paid just $150,000 to the then new, but rising star.

Just one year later in 2012 Downey Jr. was getting $50 million for the “The Avengers.” Though Downey Jr.’s first role as the Iron Man in 2008 only paid $2.5 million.

Hemsworth is catching up in Disney’s pay scale, which seems to reward actors who stay in its movie franchises. His last role as Thor in “Avengers: Infinity War” paid him $15 million.

How Are Other Disney MCU Actors Paid?

Chris Evans – Captain America

Chris Evans
Evans was paid just $1 million for “Captain America: The First Avenger” in 2011 but reached the popular $15 million pay check for “Avengers: Infinity War” in 2017.

Chadwick Boseman – Black Panther

Again, following Disney’s low first movie payment, Boseman was paid $2 million for “Black Panther” in 2017.

Brie Larson – Captain Marvel

Brie Larson

Already an Oscar winner and the first female superhero to have her own movie in the Marvel franchise, Larsen has bucked the trend and managed to negotiate $5 million for her first role in “Captain Marvel” in 2019.

Highest Paid Actors in 2018

Including on onscreen, offscreen, and royalties earnings, Forbes reports that for 2018, Downey Jr. will be the third-highest paid actor earning a total of $81 million. Hemsworth hits fourth place earning a total of $64.5 million.

Despite not having a hit movie in a few years, George Clooney is topping this year’s list of highest paid actors earning $239 million between June 2017 and June 2018.

The world’s top 10 highest paid actors in 2018 earned $748 million between them. That top 10 list also includes Dwayne ‘The Rock” Johnson, Jackie Chan, and Will Smith.

Scarlett Johansson is 2018’s highest-paid female actress, earning $40 million, and highlighting a still present pay gap between male and female actors.

Maybe Larsen, as the first female to have her own movie in Disney’s MCU, will be closing that pay gap next year.

Featured image from Wikipedia.

Melanie Kramer is a freelance fintech, blockchain, and cryptocurrency journalist/writer with a background in business and economics and an avid interest in global politics and money markets.

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How They Lost Their Fortune

Rogue Traders – Ex Deutsche Bank Traders Face up to 30 Years in Jail



Deutsche Bank traders

You win some you lose some, right? The world of trading is a high risk, high reward one. But when traders get rogue and start dabbling in illegal matters, the wins quickly turn into losses. American Matthew Connolly and Britain’s Gavin Black, both former Deutsche Bank traders, were found guilty yesterday for their roles in manipulating the Libor rate. They now face up to 30 years in the slammer and $1 million fine.

What Happened?

When anything in the trading world is manipulated for personal gain, (think insider trading, rate manipulation) you’re skating on fairly thin ice. Connolly headed up Deutsche Bank’s New York pool trading desk, while Black was a derivatives trader in London. The pair conspired to manipulate Libor on a wire transaction and were found guilty by a jury in New York.

While the news is a further stain on Deutsche Bank’s reputation, a financial institution with a less-than-clean slate, Connolly and Black stand to lose the most. Although it’s unlikely they’ll carry out the entirety of their sentences, staring at a 30-year stretch is not an enviable position to be in.

It is, however, a victory for the US Department of Justice, that has charged many banks for manipulating Libor but prosecuted relatively few individuals with success.

Connolly was convicted of conspiracy on two counts of wire fraud but cleared of a third charge against him. Black was found guilty of both charges against him–of conspiracy and wire fraud.

What Is Libor Anyway?

LIBOR stands for the London Interbank Offered Rate. This is the interest rate that banks charge for borrowing a large amount of money and essentially, a global interest rate benchmark.

16 banks are polled every day on what their rate will be. The top four and bottom four are removed and the Libor rate for the day is calculated from the average of the middle. Check out this handy explainer video if you want to know more:

Deutsche Bank Traders Setting an Example

According to the chief of the DoJ’s criminal division, Brian Benczkowski, quoted in Bloomberg:

“Matthew Connolly and Gavin Black undermined the integrity of our financial markets by manipulating Libor… The justice department and its law enforcement partners will aggressively investigate and prosecute individuals and financial institutions who engage in this sort of misconduct.”

The two former traders were indicted in 2016 after the Deutsche Bank’s $775m Libor settlement the year before.

Both Connolly and Black’s attorneys insisted that the men were innocent. They said that the fight was far from over and that they would be appealing the verdict, making post-trial motions and continue to seek justice.

Featured image from Bloomberg.

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