$18 billion for Wall Street bonuses, sixth best year on record
Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year.
That was the sixth-largest haul on record...
If you ask me, they deserve every penny.
I mean, these guys looted over two trillion dollars of public money, with no transparency and no accountability. Isn't that worth a bonus?
UPDATE And meanwhile, from the Department of Remember What Happened to Louis XVI:
On Wall Street, where money is the ultimate measure, some employees apparently feel slighted by their diminished bonuses. A poll of 900 financial industry employees released on Wednesday by eFinancialCareers.com, a job search Web site, found that while nearly eight out of 10 got bonuses, 46 percent thought they deserved more.
Such a sense of entitlement...