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Ear to the Ground

Cash Bonuses Down, Compensation Up on Wall Street

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Posted on Feb 23, 2011
Flickr / Tracy O (CC-BY-SA)

Big banking execs on Wall Street might have noticed a slight pinch in their cash bonuses last year, but that doesn’t mean those clever business minds didn’t find a way to make up for it through other financial channels.  —KA

BBC:

Cash bonuses for Wall Street bankers fell by 9% to an average $128,530 (£79,259) in 2010, according to New York state Comptroller Thomas DiNapoli.

[...] He also said financial reforms meant a shift toward more deferred compensation and higher base salaries.

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rico, suave's avatar

By rico, suave, February 24, 2011 at 6:23 pm Link to this comment

samo:

The mistake you make is thinking that Wall Street types even know you exist, let alone care about you enough to hate you. They don’t hate you. They don’t even think about you, unless you want to spend some money with them.

You are the one who obsesses about the rich all day long. Quit your self-loathing and take care of yourself.

paloma blanca:

What can I say? Your erudition is breathtaking.

Report this

By samosamo, February 24, 2011 at 3:08 pm Link to this comment

****************


whitedove

Wish it was that simple but for them it is VERY personal and
taking the money and leaving won’t do. The utter destruction of
the class or underlings as they think of those beneath them is of
paramount importance, our very heartbeats increase their
hatred. To let them have our money and leave would only make
more livid their hatred once they saw the new economy we
would create.

Which makes it very odd that a group or level of people would
‘knowingly’ start their own destruction by destroying the people
who are the major structure of the current, be it really
ostensible, economy.

But hatred knows no limits. Just ‘start’ to read Howard Zinn’s
‘The People’s History of the United States’(go to a bookstore or
library and read the first few pages) which shows this is not a
unique ‘american’ thing but a psycho defect that came from
Europe. The Native americans weren’t perfect but they were a
much nobler people than the european invaders.

Report this

By SarcastiCanuck, February 24, 2011 at 1:51 pm Link to this comment
(Unregistered commenter)

Well thats a relief.I was getting tired of banking execs coming up to me on the street and bumming quarters to fill up thier Porsches.There is justice after all….

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A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
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