Re:Banks Paid $32.6B in Bonuses Amid U.S. Bailout (2009)
by gutnor on Monday February 09, 2015 @01:01PM
(#9022554)
I work in banking. For trader, M&A and other related positions, the contractual bonus rate is/was(?) often 100%.
A lot were fired, they hired back, then fired again. Not sure what the overall impact had been, but for the ones I know, after the crisis it has been like a continuous Christmas. Lot of cash/cheap money to buy cheap flat/houses all around, kids and early retirement at 32.
A lot were fired, they hired back, then fired again. Not sure what the overall impact had been, but for the ones I know, after the crisis it has been like a continuous Christmas. Lot of cash/cheap money to buy cheap flat/houses all around, kids and early retirement at 32.