YEAH, BABY! Massive Taxpayer-Sponsored Wall Street Bonuses!
Courtesy of Henry Blodget at Clusterstock/The Business Insider
Thank you, Tim Geithner! Thank you, Ben Bernanke! Thank you, Hank Paulson! Thank you, Larry Summers! Thank you, Barack Obama!
Thank you, AMERICA, for making this yet another absolutely great year to work on Wall Street!
[Wall Street] executives acknowledge that the [bonus] numbers being tossed around — six-, seven- and even eight-figure sums for some chief executives and top producers — will probably stun the many Americans still hurting from the financial collapse and ensuing Great Recession.
Goldman Sachs is expected to pay its employees an average of about $595,000 apiece for 2009, one of the most profitable years in its 141-year history. Workers in the investment bank of JPMorgan Chase stand to collect about $463,000 on average…
(Kudos to Citi’s Vikram Pandit, though, who’s forgoing a bonus and taking a salary of $1).
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Louise Story, NYT: 7 Or 8 Figures For the Top Bonuses On Wall Street
See Also:
Goldman’s Response To UK Bonus Tax: Just Pay Its Employees A Lot More
