More Good News
50% drop in Wall Street bonuses? Yup. Here it is:
http://biz.yahoo.com/rb/080929/business_us_newyorkstate_jobs.html
Good thing we love our work so much that we'd do it for free...
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Poll
WSO Employment Rate: for those of you searching for a job, have you received an offer yet?
Yes
52%
No
48%
Total votes: 105
New groups
Remember those "industry
Remember those "industry guys" in the other topic claiming bonuses wouldn't be affected!
Well at least they will have
Well at least they will have a job.
word
Well at least they will have a job.
word.
Remember all those "finally
Remember all those "finally someone who knows what they are talking about" guys in the other thread claiming bonuses wouldnt go down because ROE would remain robust?
Right...
Remember those "let's
=)
.
Remember all those "finally someone who knows what they are talking about" guys in the other thread claiming bonuses wouldnt go down because ROE would remain robust?
Right...
I believe everyone came to the general consensus that bonuses would go down in the short term. Most people were debating whether they would be the same in the long term.
nt
Remember all those "finally someone who knows what they are talking about" guys in the other thread claiming bonuses wouldnt go down because ROE would remain robust?
Right...
I believe everyone came to the general consensus that bonuses would go down in the short term. Most people were debating whether they would be the same in the long term.
Exactly. In the short term they will definitely go down because of the economy.
No one ever provided a good reason why they will systematically drop (becoming a bank holding company does not count at all--people at JPM, Citi, etc. always got the same comp as those at independent banks).