WSJ: Street's Weather: Bonus Showers

[question everything]

Street's Weather: Bonus Showers

Compensation Is Set to Rise 20%, But Some Bond Players May Find
That They Will Come Up Dry
By SUSANNE CRAIG
Staff Reporter of THE WALL STREET JOURNAL
November 8, 2005; Page C1

NEW YORK -- Wall Street executives are gearing up for a bonus bonanza this year but some of the players who pocketed big payouts in previous years may not be so lucky this time around.

Overall, compensation on Wall Street is expected to go up an average of 20% this year and many executives will see even bigger gains, according to a soon-to-be-released study by New York-based executive search firm Options Group.

Investment bankers, who arrange mergers and stock offerings for corporations and have received a smaller percentage of the bonus pie in recent years, are expected to be among the Street's biggest winners this year, with compensation rising 20% to 25% on average, according to the study.

(snip)

Write to Susanne Craig at [email protected]

URL for this article:
http://online.wsj.com/article/SB113141870174290857.html (subscription)

[kysrsoze]

1. Gotta earn your $ some way, considering the market is going NOWHERE

The rich get richer while everyone else suffers.

[question everything]

3. The return of the 80s with Gordon Gekko saying "Greed is Good."

I once heard that Michael Douglas was surprised to get so many investors bankers and other Wall Street people thanking him for that performance. They obviously did not get it that the character was bad, that greed was horrible.

Instead of investing in their companies, hiring more people, corporations, now sitting on a lot of cash, go on merger and acquisitions. While doing that, many good middle class jobs get lost, as well as any pensions.

It used to be that entrepreneurs were the millionaires in this country. They took chances, often failed, losing all their - and others' - money but sometimes winning big.

Since Reaganomics of the 80s, it is the facilitators of mergers and acquisitions that get the spoiled. Win or lose - they get their percentage and bonuses while the rest of us are left out in the street.

[ThoughtCriminal]

2. Kent Brockman reporting

"Looks like we'll all be taking golden showers."