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# Obscene banker pay changing?

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Manager
Joined: 09 Sep 2008
Posts: 164
Followers: 1

Kudos [?]: 9 [1] , given: 0

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18 Dec 2008, 07:03
1
KUDOS

http://www.nytimes.com/2008/12/18/busin ... =1&_r=1&hp

The gist of this article is that the compensation/bonus structure for Wall Street bankers has thus far been based on supposed profits, which (as we've seen) were hugely exaggerated. You had all of these jokers making millions each year inflating their overleveraged portfolios to unsustainable lengths, all while the (Bush-appointed) SEC was asleep at the wheel. I can't muster a lot of sympathy for the guys who are being sent packing now... here's hoping this kind of compensation for a bunch of financial hocus pocus never returns.
Director
Joined: 25 Dec 2007
Posts: 524
Schools: Harvard '11
Followers: 9

Kudos [?]: 64 [0], given: 28

Re: Obscene banker pay changing? [#permalink]

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18 Dec 2008, 07:32
good find +1.
Re: Obscene banker pay changing?   [#permalink] 18 Dec 2008, 07:32
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