The haves- and have-nots economy
December 19th, 2006 by Joe
Christmas is looking especially rich this year on Wall Street.
- Total Wall Street bonuses this year: $23.9 billion.
- Change from last year: +17%
- What the top “golden 25″ execs at Goldman Sachs will get as bonus: approximately $25 million each.
- How much Lehman Brothers and Bear Stearns are giving out: an amount equal to $300,000 per employee (distributed only to a privileged few in the company, of course.)
- Morgan Stanley CEO’s bonus: $40 million in stocks and options.
And:
- Average salary of New Yorker working outside Wall Street: $56,634 in 2005.
Tags: banking, economy, wall-street
Posted in Economy/Economics
