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  1. #1
    What? 3rdgensooner's Avatar
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    Bonuses on Wall Street




    Even after being sent up to Capitol Hill and down again into the ignoble trenches of recovery, it was a great year for bankers: record revenues, salary increases, cute new nicknames from Matt Taibbi — it was almost like 2008 never even happened. The money kept flowing. Yet, for some of the denizens of Wall Street still small enough to fail, the cash kickbacks amounted to a new trend this bonus season: "the Zeros," or those supposedly snubbed of the bonuses they expected.

    But you can't believe everything the Times tells you, even if the Street's biggest firms set aside more than the GDP of 13 entire countries (see left). You believe the people. So we went to the financial district late last week asking every banker we could find — at the bars, on the street corners, out front of a steakhouse — to take a short, unscientific, yet revealing survey. Given guys like Morgan Stanley CEO James Gorman, who's promising to take any employees leaking bonus information to the media and escort them out of the building himself, it wasn't easy, but we still found 98 respondents (81 men and 17 women) who were willing to talk.

    Here's what they told us.

  2. #2
    SoonerFans.com Elite Member
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    Re: Bonuses on Wall Street

    I can't believe a picture involving pie and boobs hasn't gotten more responses.

  3. #3
    What? 3rdgensooner's Avatar
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    Re: Bonuses on Wall Street

    iknowryte

  4. #4
    Drunky Town Limnologist Fraggle145's Avatar
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    Re: Bonuses on Wall Street

    $0-$25K That is more than my entire salary. ****'em. ****'em right in the ear. Boo-****in-hoo.
    Quote Originally Posted by yermom
    your puny brain can't understand the awesomeness of God
    Olevet Posse - Dirty Lib

  5. #5
    Sooner All-Big XII-2-1+1-1+1 DIB's Avatar
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    Re: Bonuses on Wall Street

    Quote Originally Posted by Fraggle145 View Post
    $0-$25K That is more than my entire salary. ****'em. ****'em right in the ear. Boo-****in-hoo.

    I earn a bonus every year, because of my hard work. Some of it is tied to company success and some of it is tied to personal goals. If I reach my own goals and help the company reach it's goals, then I feel I deserve my bonus. If these Wall Street types are doing the same, then they deserve it.

    If Company X would have made $1 Bill, but I helped them make $2 Bill, don't I deserve a piece of that? Why should all that money go to shareholders, when I am doing all the work?

    Not everyone in the finance industry is evil. In fact, many of us didn't fail or take money from the government. Many wanted the government not to bail out crappy banks/wall street firms. The government shouldn't reward bad behavior. The other banks/firms should have been allowed to benefit from running their companies the right way.

  6. #6
    What? 3rdgensooner's Avatar
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    Re: Bonuses on Wall Street

    Quote Originally Posted by DIB View Post
    Not everyone in the finance industry is evil.
    Perhaps not, but you are.

  7. #7
    Sooner All-Big XII-2-1+1-1+1 DIB's Avatar
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    Re: Bonuses on Wall Street

    Quote Originally Posted by 3rdgensooner View Post
    Perhaps not, but you are.
    True, but that is unrelated to my professional position.

  8. #8
    SoonerFans.com Elite Member Penguin's Avatar
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    Re: Bonuses on Wall Street

    Quote Originally Posted by DIB View Post
    If I reach my own goals and help the company reach it's goals, then I feel I deserve my bonus.

    So does every single working stiff in America.
    Quote Originally Posted by proud gonzo
    you're weird

  9. #9
    Sooner All-Big XII-2-1+1-1+1 dwarthog's Avatar
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    Re: Bonuses on Wall Street

    Quote Originally Posted by My Opinion Matters View Post
    I can't believe a picture involving pie and boobs hasn't gotten more responses.
    What pie?

  10. #10
    Sooner All-Big XII-2-1+1-1+1 I Am Right's Avatar
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    Re: Bonuses on Wall Street

    Mine's BIG!

  11. #11
    SoonerFans.com Elite Member
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    Re: Bonuses on Wall Street

    Quote Originally Posted by Penguin View Post
    So does every single working stiff in America.
    But we're not all as important as that guy.

  12. #12
    Sooner All-Big XII-2-1+1-1+1
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    Re: Bonuses on Wall Street

    Quote Originally Posted by My Opinion Matters View Post
    I can't believe a picture involving pie and boobs hasn't gotten more responses.
    too much pie,not enuff boobs.

  13. #13
    Sooner All-Big XII-2-1+1-1+1 dwarthog's Avatar
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    Re: Bonuses on Wall Street

    Quote Originally Posted by Penguin View Post
    So does every single working stiff in America.
    Was the bonus an agreed upon part of their compensation package with stated achievement levels?

    If so and they upheld their side of the deal, then they deserve to get the bonus.

  14. #14
    Sooner Benchwarmer hipsterdoofus's Avatar
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    Re: Bonuses on Wall Street

    Evil rich people...how dare they be rewarded for achieving...

    Now...if the company was spending money it didn't have for huge bonuses...well...crap, that would kind of be like the govt spending money it didn't have...
    <a href=http://i74.photobucket.com/albums/i259/hipsterdo0fus/hipster.jpg target=_blank>http://i74.photobucket.com/albums/i2...us/hipster.jpg</a>

  15. #15
    Sooner All-Big XII-2-1+1-1+1 AlboSooner's Avatar
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    Re: Bonuses on Wall Street

    LOl at the notion that Wall Street has achieved. Unless "achieving" means running the economy into the ground and suckering the government to bail you out, then proceed not to loan money to small businesses but rather give expensive bonuses to themselves. Yeah ACHIEVEMENT!!!

    Wealth is never created in vacuum.

  16. #16
    Sooner All-Big XII-2-1+1-1+1 cccasooner2's Avatar
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    Re: Bonuses on Wall Street

    Wanted to put in the Christmas Vacation rant but no sound.
    Mike Stoops: "F*ck me. " - Quoted during the FAMU game following the 1st quarter timeout for 12 men on field.

  17. #17
    Sooner All-Big XII-2-1+1-1+1 mgsooner's Avatar
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    Re: Bonuses on Wall Street

    If only people knew what type of bonsues people in the O&G industry are getting these days...

  18. #18
    Sooner Benchwarmer hipsterdoofus's Avatar
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    Re: Bonuses on Wall Street

    People always want someone to be mad at...
    <a href=http://i74.photobucket.com/albums/i259/hipsterdo0fus/hipster.jpg target=_blank>http://i74.photobucket.com/albums/i2...us/hipster.jpg</a>

  19. #19
    SoonerFans.com Elite Member
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    Re: Bonuses on Wall Street

    Quote Originally Posted by AlboSooner View Post
    LOl at the notion that Wall Street has achieved. Unless "achieving" means running the economy into the ground and suckering the government to bail you out, then proceed not to loan money to small businesses but rather give expensive bonuses to themselves. Yeah ACHIEVEMENT!!!

    Wealth is never created in vacuum.
    It's easy to "achieve" when you're taking your interest free gov't loan and, instead of loaning that, putting it into a stock market that is being propped up by the Fed printing presses.

  20. #20
    Sooner All-Big XII-2-1+1-1+1 DIB's Avatar
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    Re: Bonuses on Wall Street

    Quote Originally Posted by AlboSooner View Post
    LOl at the notion that Wall Street has achieved. Unless "achieving" means running the economy into the ground and suckering the government to bail you out, then proceed not to loan money to small businesses but rather give expensive bonuses to themselves. Yeah ACHIEVEMENT!!!

    Wealth is never created in vacuum.

    So, you know all the people in Wall street that received a bonus? You know what their contractual goals were and whether they met them? You wouldn't possibly be making an unfair generalization of an entire industry based on the failing of a subset of that industry.

    Maybe the government should get out of the business of propping up bad businesses (failing banks, firms and car companies) and then people that do good work wouldn't get demonized based on the industry they work in.

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