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)