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.
Sphere: Related Content

Tags: , ,

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.