Banks Set for Record Pay - 18% over last year!!

[Dave Farber <dfarber () me com>]

> From: "Ronald J Riley (RJR)" <rjr () rjriley com>
> To: <dave () farber net>
> Date: January 14, 2010 09:50:54 PM EST
> Subject: Banks Set for Record Pay - 18% over last year!!
>
>
> Dave,
>
> WSJ is reporting: 
>
> Major U.S. banks and securities firms are on pace to pay their people about
> $145 billion for 2009, a record sum that indicates how compensation is
> climbing despite fury over Wall Street's pay culture.
>
> An analysis by The Wall Street Journal shows that executives, traders,
> investment bankers, money managers and others at 38 top financial companies
> can expect to earn nearly 18% more than they did last year -- and slightly
> more than in the record year of 2007. The conclusions are based on an
> examination of securities filings for the first nine months of 2009 and
> revenue estimates through year-end.
>
> http://online.wsj.com/article/SB10001424052748704281204575003351773983136.ht
> ml?mod=djemalertNEWS
>
> ===
>
> This is absolutely outrageous.  These shysters stole half or more of our
> collective life savings and then bought and conned our legislators into
> giving them a bailout which we will all pay for, every man, woman and child
> will be paying for this for decades.  Nothing has changed in this industry.
> It is staggering and must be reigned in.  When are the people going to wise
> up and start tossing incumbents out?
>
> Ronald J. Riley,
>
>
> I am speaking only on my own behalf.
> Affiliations:
> President - www.PIAUSA.org - RJR at PIAUSA.org
> Executive Director - www.InventorEd.org - RJR at InvEd.org
> Senior Fellow - www.PatentPolicy.org
> President - Alliance for American Innovation
> Caretaker of Intellectual Property Creators on behalf of deceased founder
> Paul Heckel
> Washington, DC
> Direct (810) 597-0194 / (202) 318-1595 - 9 am to 8 pm EST.


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