Wall Street Pay: A Record $144 Billion
Financial Overhaul Has Affected Structure but Not Level; Revenue-to-Compensation Ratio Stays Flat
By LIZ RAPPAPORT, AARON LUCCHETTI and STEPHEN GROCER
OCTOBER 11, 2010
WALL STREET JOURNAL
Pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal.
About three dozen of the top publicly held securities and investment-services firms—which include banks, investment banks, hedge funds, money-management firms and securities exchanges—are set to pay $144 billion in compensation and benefits this year, a 4% increase from the $139 billion paid out in 2009, according to the survey. Compensation was expected to rise at 26 of the 35 firms.
Wednesday, October 13, 2010
WE NEED SOME SIMPLE JUSTICE
The banksters have recovered but the rest of us are still struggling. This means that they've learned nothing from the collapse they are mostly responsible for and we can expect more of the same in the future.
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http://market-ticker.org/akcs-www?post=169158
"John Dillinger had nothing on these guys." Denninger also posts Alan Grayson's letter.
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