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Grab your tiny violin and begin to play - compensation for Wall Street brokers, traders to be the lowest since the crisis in 2008
(
thedailybeast.com
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Generation_D
2012-01-09 09:04:40 AM
Prison sentences would fix that. All the compensation they need.
Jake Havechek
2012-01-09 09:31:33 AM
JUMP!
lucksi
2012-01-09 09:55:30 AM
How much you wanna bet that the bonuses aren't lower, just calculated differently?
Probably including every teller, janitor and fluffer and probably also temps, so that the 385k per employee on average comes together.
Huck And Molly Ziegler
2012-01-09 09:59:26 AM
Here, let me help, take my spare change ... wait, I had some a minute ago ... and by "a minute ago," I mean 2005.
Myrl_Redding
2012-01-09 10:16:11 AM
lucksi
:
How much you wanna bet that the bonuses aren't lower, just calculated differently?
This.
groppet
2012-01-09 10:45:37 AM
So they have to take a less expensive suite when they are in the Bahamas? No turn down service on the bed or mint on the pillow or native children to wipe their butts. Those poor poor people
historycat
2012-01-09 11:57:38 AM
385K? For doing what exactly? What do they contribute?
Nothing.
They are professional gamblers of other people's money.
coffee is for wimps
2012-01-09 12:01:06 PM
If you really want to get mad about the bonuses and other nonsense associated with Wall Street read The Zeroe's by Randall Lane. It will make your head spin and hate those bastards even more
CitizensUnited
2012-01-09 12:01:47 PM
Subby, stick to sociology. I don't think your kind has the mental capacity to handle real subjects.
Parthenogenetic
2012-01-09 12:08:43 PM
groppet
:
So they have to take a less expensive suite when they are in the Bahamas? No turn down service on the bed or mint on the pillow or native children to wipe their butts. Those poor poor people
The BAHAMAS? *snerk* As if...
The Maldives or Mustique. Maybe Dubai, but that's so 2007.
Palm Beach or the Hamptons if you don't care for jet lag.
Generation_D
2012-01-09 01:31:57 PM
Login: CitizensUnited
Fark account number: 738373
Account created: 2011-12-24 20:49:12
Submitted links approved: None
got one for the ignore troll bot list, do not pass go, do not collect $200.
buttery_shame_cave
2012-01-09 01:46:20 PM
the funny thing about averages...
a handful of entries into the table that are excessively large will throw the 'average' completely off.
i *really* doubt that 9/10 employees at these firms makes that much. they'll be lucky if they clear 50-60k.
and you KNOW they're the folks getting cut. after all, how could they cut the salaries of the executives?!? they're the ones making the decisions!
CitizensUnited
2012-01-09 03:28:11 PM
Generation_D
:
Login: CitizensUnited
Fark account number: 738373
Account created: 2011-12-24 20:49:12
Submitted links approved: None
got one for the ignore troll bot list, do not pass go, do not collect $200.
you know who else ignores things they disagree with/don't understand?
Debeo Summa Credo
2012-01-09 03:46:03 PM
historycat
:
385K? For doing what exactly? What do they contribute?
Nothing.
They are professional gamblers of other people's money.
They apparently contribute enough such that their employer's feel they're worth $385k. How much does your employer value your abilities and contribution?
PsyLord
2012-01-09 03:58:11 PM
I like the abcnews article about this a bit more since it has the quote:
"Becoming a partner at a Wall Street firm is very much like becoming an NFL lineman... After a while, your knees go and you're politely shown the door."
/made for a better headline, imo
groppet
2012-01-09 04:00:25 PM
Parthenogenetic
:
groppet: So they have to take a less expensive suite when they are in the Bahamas? No turn down service on the bed or mint on the pillow or native children to wipe their butts. Those poor poor people
The BAHAMAS? *snerk* As if...
The Maldives or Mustique. Maybe Dubai, but that's so 2007.
Palm Beach or the Hamptons if you don't care for jet lag.
Damnit sorry I was thinking poor again.
jjorsett
2012-01-09 05:25:49 PM
CitizensUnited
:
you know who else ignores things they disagree with/don't understand?
Virtually every Fark left-winger.
jjorsett
2012-01-09 05:31:17 PM
The folks who'll really be singing the blues about this are New York City politicians. They get a ton of money from the taxes that the "greedy Wall Street bastards" pay. I have no doubt that they'll now blame those same bastards for not being greedy enough to pull in the big bucks so that they can
fork it over
pay their fair share to NYC.
Zombie Butler
2012-01-09 07:36:06 PM
Myrl_Redding
:
lucksi: How much you wanna bet that the bonuses aren't lower, just calculated differently?
This.
X2 Sounds to me like Wall Street is finally realizing they need good PR (what? we aren't an island? huh. Go figure)
With all of the ups and downs of the market this year I have a VERY hard time believing that article especially when brokers are paid by the trade.
Reverend Monkeypants
2012-01-10 09:35:44 AM
I'm not saying people shouldn't get paid for moving little pieces of paper around.
I am saying people shouldn't get paid much.
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