The 38 largest financial institutions on Wall Street will pay out a total of $145.85 billion in compensation for 2009, an 18 percent increase over 2008 and "slightly more than in the record year of 2007," the Wall Street Journal reports.
(By "slightly," the Journal means a 6 percent increase over 2007, amounting to some $8 billion.)
Contrast this with the state of affairs on Main Street, where average earnings increased 2.2 percent in 2009 -- and that number excludes the 7 million jobs lost since the recession began.
link: Wall Street’s payout for 2009: $145 billion | Raw Story
No comments:
Post a Comment