Wall Street's pay day

While we're on the subject of rich and poor, perhaps it's worth noting that in this season of Wall Street bonuses Goldman Sachs is topping all comers, with reports that 25 employees of the firm are in line for $25 million bonuses each and that a handful might see their checks reach the $100 million mark. CEO Lloyd Blankfein, on the job for barely three months, is on tap for a $50 million pay day, Goldman executives told the NY Post. Goldman is not alone. This year’s bonuses will be up by 15 percent to 20 percent over last year, making this the best year for Wall Street salaries since the technology boom of 1999 to 2000, according to data compiled by Financial News . This is the week that bonuses will be announced. Beyond the craziness at Goldman, a $2 million to $3 million check is pretty common these days.



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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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