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Thread: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Survey

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    Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Survey

    While most Americans aren’t expecting their incomes to rise with the cost of living in the near future, more than 60 percent of Wall Street professionals say they anticipate their bonuses will be higher or the same as the bonus they earned in 2010, according to a recent survey.Sixty-two percent of Wall Street workers said they’re expecting a bonus that’s in line with last year’s or higher, according to a survey from eFinancialCareers.com. And while still a firm majority, that’s down from last year, when 71 percent of survey respondents said they expected the same or higher bonus than what they received in 2009.
    The decline in expectations is likely due to a drop in confidence in big bank employees. The survey found that 38 percent of big bank employees anticipate a drop in their bonuses from last year, compared with 36 percent that are expecting an increase.
    Big bank employees may be skittish because of a rash of recent layoff announcements. Bank of America plans to layoff 30,000 employees in an effort to trim about $5 billion per year the company announced last month. Barclays announced in August that it would slash about 3,000 jobs this year, while UBS said it plans to axe 5,000 jobs.
    Bonus plans likely won’t be announced until January, but if last year is any indication Wall Street workers should expect their bonuses to fall. The average Wall Street bonus was down 9 percent in 2010 as the reforms in those Dodd-Frank Act aimed at curbing bonuses pushed in fact base salaries and deferred compensation up.


    Read more @: [url=http://www.huffingtonpost.com/2011/10/10/wall-street-bonus-survey_n_1003641.html[/url]



    yea! While the rest of the country suffers and the rich *i mean excuse me "job creators"* get bonuses.... What a hunk of bull****!
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    Last edited by TheDemSocialist; 10-10-11 at 06:17 PM.


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    Re: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Surve

    It's the deal they struck. You want the same? Go to your boss and prove you're worth what they make.

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    Re: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Surve

    Quote Originally Posted by coolwalker View Post
    It's the deal they struck. You want the same? Go to your boss and prove you're worth what they make.
    great attitude - get yours and screw everybody else... and when somebody complains ... tell them to do it to somebody else.

    Makes me want to stand at attention and sing America the Beautiful.
    Last edited by haymarket; 10-10-11 at 08:18 PM.
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    Re: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Surve

    Quote Originally Posted by TheDemSocialist View Post
    Read more @: [url=http://www.huffingtonpost.com/2011/10/10/wall-street-bonus-survey_n_1003641.html[/url]



    yea! While the rest of the country suffers and the rich *i mean excuse me "job creators"* get bonuses.... What a hunk of bull****!
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    [/COLOR]
    If you spent more time and effort trying to better yourself and less time pissing and moaning about what a few others are getting you might have a better sense of satisfaction. I don't ever hear the whining left complain about people like Jennifer Aniston or Charlie Sheen getting a million dollars per week for some silly show but they void in their panties over what some wall street bond traders get.



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    Re: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Surve

    Quote Originally Posted by haymarket View Post
    great attitude - get yours and screw everybody else... and when somebody complains ... tell them to do it to somebody else.

    Makes me want to stand at attention and sing America the Beautiful.
    you completely misinterpreted what he said.

    He noted that those wall street employees (who often face more risk and tension and stress than 99% of America does) made a bargain and are reaping the rewards

    do you think you are owed some of their bonuses?



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    Re: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Surve

    Quote Originally Posted by TurtleDude View Post
    If you spent more time and effort trying to better yourself and less time pissing and moaning about what a few others are getting you might have a better sense of satisfaction. I don't ever hear the whining left complain about people like Jennifer Aniston or Charlie Sheen getting a million dollars per week for some silly show but they void in their panties over what some wall street bond traders get.
    I never did understand the double standard in earnings from the left. I don't begrudge anyone their earnings at any level or legitimate occupation, I bust butt and hope to someday have the contract opportunity to become filthy rich.


    If anything the consequences of bad or even simply errant investment or other financial professionals' decisions can be of great fiduciary consequence and thus it is a stressfull job, those people earn their dollars by scrapping with numbers on a daily basis, sometimes having to convert **** to Shinola whereas the liability for an actor, or athelete is not that great, the producer or team owner and their pocketbook are at stake and the former gets paid regardless. Music is a little different in that the acts are responsible for any advances, but that has a much smaller chance of the big payoff than hitting big in the atheletic or acting world anyway.
    Neither side in an argument can find the truth when both make an absolute claim on it.

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    Re: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Surve

    Quote Originally Posted by coolwalker View Post
    It's the deal they struck. You want the same? Go to your boss and prove you're worth what they make.
    That isn't the deal that was struck. I do not have a problem with huge bonuses. If someone gets $500 million as a bonus it's really none of my business.

    The problem is Wall Street has being doing so well because the government (this includes Obama) is seeing to it with their policies. Make your million dollar bonuses, just not off the taxpayers expense.

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    Re: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Surve

    Quote Originally Posted by TurtleDude View Post
    you completely misinterpreted what he said.

    He noted that those wall street employees (who often face more risk and tension and stress than 99% of America does) made a bargain and are reaping the rewards

    do you think you are owed some of their bonuses?
    No, nor were they owed my tax dollars when the screwed up.

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    Re: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Surve

    [QUOTE]
    Quote Originally Posted by 1Perry View Post
    That isn't the deal that was struck. I do not have a problem with huge bonuses. If someone gets $500 million as a bonus it's really none of my business.
    The bonuses may well have been tied to the bottom line regardless of how that happened.

    The problem is Wall Street has being doing so well because the government (this includes Obama) is seeing to it with their policies. Make your million dollar bonuses, just not off the taxpayers expense.
    Bailouts prolong incorrect IMO. I wasn't a fan of any of the bailouts from the Bush admn. to Obama and I agree that they should never have been done. That being said if the contract was written to the bottom line and the numbers increased the employees may technically have a court case if the bonuses aren't issued. Then again I admit that is speculation as I don't have any information of the contract structure.
    Neither side in an argument can find the truth when both make an absolute claim on it.

    LMR

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    Re: Most Wall Street Workers Say They Expect Same Or Higher Bonus As Last Year: Surve

    [QUOTE=LaMidRighter;1059861814]
    The bonuses may well have been tied to the bottom line regardless of how that happened.
    But we know what did happen. If you do not want people dictating your pay, do not ask them to save you from ruin.

    Bailouts prolong incorrect IMO. I wasn't a fan of any of the bailouts from the Bush admn. to Obama and I agree that they should never have been done. That being said if the contract was written to the bottom line and the numbers increased the employees may technically have a court case if the bonuses aren't issued. Then again I admit that is speculation as I don't have any information of the contract structure.
    There was a solution to this but it wasn't pursued because Geithner was only interested in saving his pals. This is the one problem I do have with the OWS crowd. Much of their displeasure should be directed at Geithner but so far I do not see it.

    The solution.........We agree (which I still would have been against) to bail you out as long as all past compensation contracts are null and void.

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