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- - Lehman's Bonus Pool (http://www.cougarguard.com/forum/showthread.php?t=22726)

8ballrollin

09-22-2008 03:20 AM

Lehman's Bonus Pool

This report doesn't say how long the bonus pool had been set aside, and I realize on Wall Street you eat what you kill, but to have a $2.5B bonus pool for 10,000 people as the walls of the firm crash down on shareholders is a bit much. They're lucky the shareholders don't just get out their pitchforks and torches to exact retribution.

It looks as if the shareholders are the only party not divorced from risk.

Quote:

Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.

http://www.independent.co.uk/news/bu...ff-937560.html

(link from drudge)

Clark Addison

09-22-2008 01:26 PM

Quote:

Originally Posted by 8ballrollin (Post 268161)

Sure, you can make this sound bad, but you have to realize that something like $1B of that will go to 10 or 20 people, so that only leaves like $150,000 per person for the rest of them.

MikeWaters

09-22-2008 01:36 PM

if it makes you feel any better, for a lot of these guys, a $1 million bonus is nothing compared to what they lost when the stock went down.

I've been feeling terrible about how poorly they have done. I don't know how I would make it on 1 million.

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