09-22-2008, 03:20 AM | #1 | |
Senior Member
Join Date: Jan 2006
Location: WA
Posts: 1,287
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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:
(link from drudge)
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"Five to one... One in five No one here gets out alive" |
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09-22-2008, 01:26 PM | #2 | |
Senior Member
Join Date: Jul 2007
Location: North Carolina
Posts: 638
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Quote:
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. |
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09-22-2008, 01:36 PM | #3 |
Demiurge
Join Date: Aug 2005
Posts: 36,365
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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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