By Christine Harper
Nov. 6 (Bloomberg) -- Never in the history of Wall Street have so many earned so much in so little time.
Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos. are about to reward their 173,000 employees with $36 billion of bonuses. That's a 30 percent increase from last year's record, and it doesn't include the billions more that will be paid by Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co., the three largest U.S. banks, as well as the hundreds of hedge funds and private-equity firms that constitute the financial industry.
Enriched by the unprecedented value of takeovers, equity trading and credit derivatives, ``this year will be the best ever for the major brokerage firms,'' said Brad Hintz, an analyst at New York-based Sanford C. Bernstein & Co.
Read the rest here.......and don't forget to bring a napkin for imminent, excessive drooling.
Not too shaby...
Just need one more banana....
Alright i'm done posting useless things..
How about that Mexican presidential inauguration?
seeing how analysts get a shit piece of that, pick up your jaws off of the floor.
Wonder how next year will compare...
does anyone know when banks payout?
January
are they saying that the 30% increase doesn't even include JPM, Citi, etc.. their grammar makes it seem that way but I have a hard time believing that
Well done
sweet
makes me want to do this even more...
gah!!
can't wait
I am sure they all earned it.
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