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Reply #1: Weep not [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-17-08 06:36 PM
Response to Original message
1. Weep not
From 2006:

http://www.bloomberg.com/apps/news?pid=20601087&refer=h...

"Nov. 6 (Bloomberg) -- Never in the history of Wall Street have so many earned so much in so little time.

Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos. are about to reward their 173,000 employees with $36 billion of bonuses. That's a 30 percent increase from last year's record, and it doesn't include the billions more that will be paid by Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co., the three largest U.S. banks, as well as the hundreds of hedge funds and private-equity firms that constitute the financial industry."


For the record, that's $208,000 each on average.
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