| > But stop whining. All over the USA, people who work hard, who get great reviews from bosses, customers and peers, who were promised bonuses and profit sharing, are seeing instead slashed pay and benefits. That is, if they are lucky, and not getting RIFed. Most of them are not the subject of congressional investigations.
> If you worked anywhere besides the financial industry at a company in AIG's shape, you wouldn't be getting a bonus, not because of politics, but because there wouldn't be any money to pay one. No, but he'd get a salary. Which he did not at AIG (according to his account). > People in your line of work compensated themselves as if they were founders and early investors in F500 companies, while holding positions that would barely command six figure salaries in other industries. Yes, that's more or less what he said in the article. > I'm sure most readers here on HN would like to be in the position to write a 750k check to charity in the face of a depression. Yes, that's more or less what he said in the article. > That $100 million a year in equity and commodity trading? How much of that was on the back of the tech and housing bubble, and exploding oil prices? Sans the games the guys down the hall were playing with CDS and CDOs, would your returns even have been so high? Perhaps your job also depends on the bubble economy. We'll know by this time next year. |