Financial Math and Matters Made Easy
Posts tagged ‘wall street’
According to today’s New York Post, it’s not all bonuses on Wall Street. In “Blood on the Street: Trader” the NY Post reports that pink slips were distributed last week following the worst fourth quarter in Wall Street history.
The WashingtonPost.com reports in “Dire Year on Wall Street Yields Gigantic Bonuses” that Wall Street’s 5 largest firms paid a record $39 billion (that’s 39 BILLION dollars) in bonuses while 3 of these 5 Wall Street firms lost more than $80 billion. The 5 firms’ combined profit for the year of $11.5 billion was less than the bonuses! Shareholders are left holding the bag for these bonuses while share prices have fallen this year due to poor performance.
As interesting as the article itself is, make sure you click the link to read the readers’ comments. Some of them are priceless. All of them so far express umbrage at the greed. Pathological greed like this sucks the life out of society.
![[Ask]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/ask.png)
![[BlogBookmark]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/blogbookmark.png)
![[Bloglines]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/bloglines.png)
![[del.icio.us]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/delicious.png)
![[Digg]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/digg.png)
![[Facebook]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/facebook.png)
![[Furl]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/furl.png)
![[Reddit]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/reddit.png)
![[Slashdot]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/slashdot.png)
![[Squidoo]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/squidoo.png)
![[StumbleUpon]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/stumbleupon.png)
![[Technorati]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/technorati.png)
![[Windows Live]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/windowslive.png)
![[Yahoo!]](http://www.wheatworks.com/wp/wp-content/plugins/bookmarkify/yahoo.png)
Posts
