2008 Wall Street Bonuses Fell 44%

Where's the news?. This is EXACTLY what to expect when a Ponzi Scheme ends. Considering the ENTIRE U.S. ECONOMY IS SUCH, brace your war-criminal azzes for MORE.

MUCH MORE.

Can those clawbacks include their eyes and teeth as well?

If bonuses are performance based, then shouldn't most of these idiots get nothing? I know there were plenty of small miracles in terms of profiting through the worst of economic times, but unfortunately whomever these geniuses are don't seem to be running the major banks, and they probably got handsomely rewarded by the 8 person hedge fund they work at.

Fucking up so badly as to warrant the need for your government to intervene and give you billions shouldn't be counted as profit, although it is still genius.

Execs will always find ways to compensate themselves; if not immediately, then in the next fiscal quarter or alternate means such as lavish business trips or expensed purchases. These bonus cuts affect mostly the average Wall St worker whose compensation packages revolve around bonuses. The base salary is median but work massive overtime thinking bonuses are guaranteed only to find this year all that extra work was not compensated for as some have received no bonuses.

The executives I work with are getting zip.

the execs i work with got bonuses and then cried poverty and let some workers go... horrific business ethics when everyone is cutting back and losing jobs.

Maybe if the feds weren't spending nearly $1 trillion bailing these guys out so they can continute to re-decorate their offices or fly on private planes, there would be some federal assistance to large cities in need.

The state sets the tax rates, not Wall Street. If the legislators think people who get big bonuses should pay higher taxes, they know what to do about it. At present I believe the state income tax rate is just about flat over a modest income amount, like say $50,000 per year. Of course raising taxes on the rich would inconvenience their relatives, friends and neighbors, but times are tough all over.

I do feel sorry for the strippers and car service drivers.

If you make $10 million 40% less is still $6 million.

If you make 60G 40% less is 36G, that hurts.

Hug a stripper today, but then run fast.

Awwww, no more cash condo down payments and Piaget watches? Such a shame.

I bet strippers are crying their eyes out as well.

Boo Fucking Hoo.

Why no, no one on Wall Street deserves any money! They should all be thrown in jail for having the audacity to invest in the stock market upon which our whole economy depends! It's all a giant conspiracy, didn't you hear? Also, every single person with money on Wall Street personally sold scam sub-prime mortgages. Every single one!

Given how badly the market tanked, and in the bailout's tax burden on the general population, and the threat to national security (who holds all those bonds, the tooth fairy?), bonuses should have dropped 100%. The guys in charge should have their assets frozen and their asses in jail.

If the local pols are so short sighted that they can only worry about their goddamned tax revenues, they should be voted out. Then they should be thrown in jail for aiding and abetting these douchebags through poor oversight.

"So, where are the client's yachts?"

and i suppose average joes like you are entitled to make 5-7% returns on investment every year with no exceptions, right?

AMEN!

Anyone catch the Post this morning with Wall Street Execs eating at McDonalds? haha

yikes! boo hoo!