wall st. bonuses

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Did anyone catch this story.  If these dudes would pool their bonuses for a decade,
they could afford to fund their own war.


January 11, 2006
Wall Street Bonuses Hit $21.5 Billion
By THE ASSOCIATED PRESS

NEW YORK (AP) -- Bonuses at Wall Street firms climbed to a projected record of $21.5
billion last year as revenue grew, according to the New York state comptroller's
office.

Comptroller Alan Hevesi said Wednesday that 2005's bonus tally was $2 billion more
than the old record, which was set in 2000. In 2004, Wall Street bonuses came to an
estimated $18.6 billion.

Last year's average bonus was pegged at $125,500, also a record, Hevesi said.

Revenue at Wall Street firms rose 44.5 percent through the first three quarters of
2005, climbing to the highest level since 2000, the year when the stock market
peaked, Hevesi's office said. The mergers-and-acquisitions business accounted for
most of the surge.

''The securities industry had a very good year during 2005,'' Hevesi said.



--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu