Wednesday, December 22, 2010
O won't someone please help these poor souls!
Vanity Fair informally polled Wall St. bankers to find out how they felt about their bonuses after the excellent year their companies had.
Wall Street's five biggest banks had a banner year in 2010, racking up their second-highest revenues on record, and to celebrate they put aside some $90 billion for year-end bonuses. But an informal poll suggests that more than half of the people receiving those bonuses feel they aren't getting enough.Poor babies!
Vanity Fair's Foster Kamer went to Wall Street and carried out an informal poll asking bank employees how they felt about their bonuses. He found that, of the 98 people surveyed, 56 percent said their bonuses were "not enough."
Sixty-one percent of those polled said they received a bonus this year, while 39 percent said they didn't. Even if all the respondents who didn't get a bonus were among those who wanted more, that still leaves about one-third of those with bonuses wanting more.
"Of the 61 percent who said they received a bonus, 85 percent were men — and just 15 percent were women. And we really tried to talk to women," Kamer writes.
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