That is so wrong.
On Oct 29, 8:36 pm, "Mercury.Sailor" <[EMAIL PROTECTED]> wrote:
> I have only one word for this, Disgusting!
>
> Broken Securities Industry Still Has $20 Billion to Pay Bonuses
>
> By Christine Harper and Serena Saitto
>
> Oct. 27 (Bloomberg) -- Five straight quarters of losses and a 70
> percent slide in its stock this year haven't stopped Merrill Lynch &
> Co. from allocating about $6.7 billion to pay bonuses.
>
> Goldman Sachs Group Inc. and Morgan Stanley, both still on track for
> profitable years, have set aside about $13 billion for bonuses after
> three quarters, down 28 percent from a year ago. Even some employees
> at Lehman Brothers Holdings Inc., which declared the biggest
> bankruptcy in U.S. history last month, will get the same bonus they
> received a year ago.
>
> The worst financial crisis since the Great Depression, a $700 billion
> taxpayer bailout, public outcry over excessive pay and the demise of
> three of the biggest securities firms won't deter Wall Street from
> offering year-end rewards to employees on top of their salaries,
> compensation experts say.
>
> http://www.bloomberg.com/apps/news?pid=20601109&sid=aVann0.cv9Tw&refe...
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