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Last year, 5 investment banks injected a total of $36 billion in bonuses to their staff

 
Anonymous Coward
User ID: 268412
United States
08/10/2007 08:20 PM
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Last year, 5 investment banks injected a total of $36 billion in bonuses to their staff
"Goldman Sachs; Morgan Stanley; Merrill Lynch; Lehman Brothers and Bear Stearns are about to reward their 173,000 employees with $36 billion in 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, Bank of America 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. Bonuses range from $150,000 to over $20 million. Managing Directors bonuses range from $700,000 to $7 million."

[link to activerain.com]
Anonymous Coward (OP)
User ID: 268412
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08/10/2007 09:48 PM
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Re: Last year, 5 investment banks injected a total of $36 billion in bonuses to their staff
bump
Anonymous Coward
User ID: 207220
United States
08/11/2007 01:14 AM
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Re: Last year, 5 investment banks injected a total of $36 billion in bonuses to their staff
OP, excellent catch. Makes today's pump by the FED little more than covering unwarranted corporate greed.
Anonymous Coward
User ID: 171603
United States
08/11/2007 01:15 AM
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Re: Last year, 5 investment banks injected a total of $36 billion in bonuses to their staff
Hook me up, I've been out of a job since Bush took office.
Pit Viper

User ID: 219427
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08/11/2007 01:22 AM
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Re: Last year, 5 investment banks injected a total of $36 billion in bonuses to their staff
Very nice find!!
Scor~Pios -AKA- Pit Viper

'When the people fear their government, there is tyranny;
When the government fears the people, there is liberty.'
Thomas Jefferson

Never underestimate the stupidity of the American people.

"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds." - Samuel Adams
Anonymous Coward (OP)
User ID: 268412
United States
08/11/2007 01:27 AM
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Re: Last year, 5 investment banks injected a total of $36 billion in bonuses to their staff
If the investment banks stop paying these exorbitant bonuses (which, of course, they won't), there would be more liquidity available than what the Fed injected.
Anonymous Coward
User ID: 171603
United States
08/11/2007 01:33 AM
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Re: Last year, 5 investment banks injected a total of $36 billion in bonuses to their staff
Nothing can stop GREED.





GLP