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 - A Lifetime of David Brown Tractors - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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