Some people are not suffering (via The Wall Street Journal): As financial firms rebounded last year, Wall Street bonuses for employees in the New York City securities industry rose almost 17% to $20.3 billion in 2009, according to a report released Tuesday by the New York State comptroller.
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Compensation"
A Banker’s “Market” Worth: It’s A Rigged System
Posted on 05 February 2010.
We are angry, rightly so, about the obscene bonuses and pay given to bankers and the financial mandarins who destroyed the economy. Part of the problem is that the political dialogue–parroted by the traditional media and the political leaders who are bought and paid for by the financial industry– never questions a basic premise: that […]
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The Greed Continues
Posted on 11 January 2010.
Bankers are nervous about the bonuses they are about to get: Goldman Sachs, JP Morgan Chase and other big banks are bracing for a renewed public and political backlash against their compensation plans as they prepare to unveil multi-billion dollar bonus packages. Under pressure from government, banks are already saying they will devote the […]
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The $100 Million Man
Posted on 03 August 2009.
In today’s installment of The Audacity of Greed, we bring you the story of Andrew Hall: In a few weeks, the Treasury Department’s czar of executive pay will have to answer this $100 million question: Should Andrew J. Hall get his bonus? Mr. Hall, the 58-year-old head of Phibro, a small commodities trading firm […]
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