forced hundred of billions in taxpayer-funded bailouts, bankers are
still finding ways to line their own pockets.
The Wall Street Journal is reporting that bonuses at publicly traded
banks hit $135 billion in 2010. That's a record high for compensation
on Wall Street. It works out to about $141,000 per employee.
This $135 billion represents a 5.7 percent increase in combined
compensation for the same group of companies in 2009.
Unlike before the market crash of 2008, Wall Street is taking measures
to at least look like it's reformed. The bulk of the increase in
compensation is in two areas: increased base salaries and deferred
compensation. Both are an attempt to blunt previous criticism of
traders taking a "short term" mentality and unwise risk-taking.
http://www.wyattresearch.com/article/wall-st.-bonuses-record-135-billion-for-2010/22884
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