<\body> Stories in America: The Economy is Flourishing...

Tuesday, October 17, 2006

The Economy is Flourishing...

for some.
Wall Street workers took home nearly $300,000 on average last year as profits from trading and merger advising fueled record earnings, New York State Comptroller Alan Hevesi said.

Wall Street compensation averaged $289,664 per person, 5.1 times the average $56,634 for workers citywide, the comptroller said in a study released Tuesday. The highest-paid bankers and traders can command eight-figure pay packages.

Bonuses totaled a record $21.5 billion, or $125,500 per person. The securities industry paid out $48.8 billion, while generating $2.1 billion of taxes for the city, Hevesi said.

2 Comments:

At 10/17/2006 11:55 PM, Blogger Jack Boo said...

Actually.....

"The rich were better off under Clinton than Bush."

This has a man-bites-dog flavor, but when you look at the donor bases of the two parties it shouldn't really be a surprise.

http://instapundit.com/archives/033246.php

(But don't worry, the press isn't making a big deal about it.)

 
At 10/18/2006 1:52 AM, Blogger Jack Boo said...

Another day and another reason to be a proud democrat...

http://www.redstate.com/stories/archived/democrat_blackmails_united_states_senator

 

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