Apples and Oranges:
172,000 people who work 80- or 100-hour weeks for years on end vs. 30 million people who, well, don’t
Not trying to get in anyone’s face, I’m just saying.
A columnist for the Baltimore Sun puts this year’s bonus season in a global perspective:
Now I do not begrudge the bonuses or the amounts. That’s the way it works, and as long as shareholders think it’s OK, that’s how it will continue to work. But, seriously, something’s wrong with this picture. According to the CIA’s ranking of gross domestic products (purchasing power parity) around the world, $21.5 billion is more money than the GDP of each of two-thirds of the world’s countries. The 2005 bonus amount distributed among 172,000 people was exactly the same as the 2004 GDP of Afghanistan, population 30 million.
Street Bonuses Dwarf Some Economies [Baltimore Sun]
Apples and Oranges:
172,000 people who work 80- or 100-hour weeks for years on end vs. 30 million people who, well, don’t
Not trying to get in anyone’s face, I’m just saying.
Wow!That first comment is beyond obnoxious!
Next entry: Bubble Shmubble Say Flush Wall Streeters
Previous entry: Hong Kong Bankers Defecting in Droves