Wednesday, October 22, 2008

Bonus

Elaborate marble facade of NYSE as seen from t...Image via Wikipediahttp://www.huffingtonpost.com/robert-reed/bonus-time-you-give-wall_b_136992.html

"It's not clear yet how deep the "bonus pool" will be. But looking at the year-to-date compensation estimates, count on it being pretty cavernous. One estimate of Wall Street pay, bonus and related costs goes up to $70 billion this year.

"Whatever the ultimate number, we all get the honor of pitching in. Remember your government is initially investing $250 billion into shoring up the nation's largest banks, including that longtime bonus-leader Goldman Sachs & Co. It's all part of the fed's $700 billion master rescue plan."

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