Posted by Disgusted on March 20, 2008 at 23:13:52 from (12.213.112.59):
My 401K plan has lost tons of money lately but Wall Street handed out a record 38 billion in bonuses for 2007.They had their worst year since 2002 losing 74 billion in equity.
186,000 employees at the top 5 investment banks in NYC each averaged $201,500 in bonuses for 2007 since they did such a wonderful job..Their salaries average over $100,000 each so their total compensation is over $300,000.This is about $144.00 per hour. Meanwhile the average wage earner makes $16-17 per hour.
And you thought auto workers were overpaid at $25 per hour! Wall Street is totally out of touch with reality!!
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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