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spinbaby Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-21-07 01:38 PM
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Bonuses on Wall Street surge 14 percent
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Source: AP

NEW YORK - This might have been one of Wall Street's most dismal years in a decade, but that hasn't stopped bonus checks from rising an average of 14 percent.

Four of the biggest U.S. investment banks — Goldman Sachs Group Inc., Morgan Stanley, Lehman Brothers Holdings Inc. and Bear Stearns Cos. — will pay out about $49.6 billion in compensation this year. Of that, bonuses are traditionally estimated to represent 60 percent, or almost $30 billion.

Read more: http://news.yahoo.com/s/ap/20071221/ap_on_bi_ge/wall_st... ;_ylt=AkVlVtZkbmKLkbE_Ijfn7j8DW7oF
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  -Bonuses on Wall Street surge 14 percent spinbaby  Dec-21-07 01:38 PM   #0 
  - This makes me sick. nt  asdjrocky   Dec-21-07 01:40 PM   #1 
  - considering food inflation is 22%+ and general inflation is probably 18%  ORDagnabbit   Dec-21-07 01:45 PM   #2 
  - thank goodness!  maxsolomon   Dec-21-07 01:49 PM   #3 
  - Exactly.  Drum   Dec-21-07 02:23 PM   #4 
  - i have read/heard/been told on DU that  maxsolomon   Dec-21-07 02:54 PM   #7 
     - yes, i saw that thread  ldf   Dec-21-07 08:02 PM   #11 
        - I remember posters explaining that their whole income was dependent on bonuses too  YankmeCrankme   Dec-21-07 09:36 PM   #12 
  - Lumpenproletariat?  Jackpine Radical   Dec-21-07 05:28 PM   #9 
  - Seize the money  Newsjock   Dec-21-07 02:30 PM   #5 
  - The equivalent of 992,000 salaried jobs of $50,000.  RUMMYisFROSTED   Dec-21-07 02:33 PM   #6 
  - Disgusting beyond belief. n/t  Lorien   Dec-21-07 04:23 PM   #8 
  - Let's Tell All The Poorest Folks about This  fascisthunter   Dec-21-07 05:43 PM   #10 
  - you think this is bad,  AmandaRuth   Dec-22-07 10:34 AM   #13 
  - These are the same assholes  ProudDad   Dec-22-07 01:29 PM   #14 
  - Well, I guess I know what my midlife career change should be! >.....  indie_ana_500   Dec-23-07 01:04 PM   #15 
 

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