Sunday, October 25, 2009

The Whining Of Wall Street

Who cares if Wall Street 'talent' leaves? - Oct. 23, 2009: "...Yet even as they were running themselves into the ground, the firms managed to pay out more than $12 billion in bonuses -- including 1,606 million-dollar-plus bonuses, according to a report from the New York attorney general's office.

'Even a cursory examination of the data suggests that in these challenging economic times, compensation for bank employees has become unmoored from the banks' financial performance,' the report said..."

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