Wall Street Bankers Make Stunning $145 Billion for 2009

Before you go, we thought you'd like these...
Big banks have decided that big pay trumps good PR. In a move that is sure to irritate an already outraged public, major U.S. banks paid out $145 billion in compensation in 2009, up 18% from 2008 according to a study by The Wall Street Journal. The survey covered 18 financial firms and showed that pay packages were 32% of the revenue of these firms. Some firms quarreled with the paper's methods, but its figures are probably not far off the mark.
Read Full Story

People are Reading

The Latest from our Partners
1 - 3 of 15