Saturday, December 25, 2010

The Truth About Wall Street Bonuses in 2010: A Survey

Even when they were sent up to Capitol Hill and down again into the trenches of recovery, it was a very good year for bankers: record revenues, salary increases, cute new nicknames from Matt Taibbi — it was almost like 2008 never even happened. The money kept flowing, and yet it didn't; for the denizens of Wall Street still small enough to fail, the cash kickbacks amounted to a new trend this bonus season: the Zeros.

But you can't believe everything the Times tells you, even if the Street's biggest firms have set aside more than the GDP of 13 entire countries (see left). You believe in the people. So we went down to the financial district late last week asking every banker we could find — at the bars, on the street corners, out front of a steakhouse — to take a short, unscientific, yet revealing survey. Here's what the 98 respondents (81 men and 17 women) told us....

Source: http://www.esquire.com/blogs/politics/wall-street-bonuses-2010?src=rss

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