Posted by Disgusted on March 20, 2008 at 23:13:52 from (12.213.112.59):
My 401K plan has lost tons of money lately but Wall Street handed out a record 38 billion in bonuses for 2007.They had their worst year since 2002 losing 74 billion in equity.
186,000 employees at the top 5 investment banks in NYC each averaged $201,500 in bonuses for 2007 since they did such a wonderful job..Their salaries average over $100,000 each so their total compensation is over $300,000.This is about $144.00 per hour. Meanwhile the average wage earner makes $16-17 per hour.
And you thought auto workers were overpaid at $25 per hour! Wall Street is totally out of touch with reality!!
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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