Wall Street bonuses lower this year

Saw this and thought "a single tear runs down my sweaty cheek".

link

Wall Street banks will announce their annual compensation and bonuses starting this month, and forecasts are generally expecting cutbacks across the board though the rewards will still be rich at least by non-1 percenter standards.

"Obviously this is not a good year for Wall Street compensation and an awful lot of the pressure is going to fall on managing directors," Brad Hintz, research analyst with Sanford C. Bernstein & Co., who said lower compensation -- largely paid from stock -- and volatility in the markets will lead to higher turnover and attrition.

IMAGE(http://net4baby.com/baby/images/stories/main/crying_baby.jpg)

You know that "first world problems" meme? I think we need a "2%'er problems" meme.

But how will they feed their families?? We need to organize a Goodjer collection ASAP.

Clear evidence that Obama's Euro-Kenyan Socialist policies are harming the economy.

Those greedy, whiny bastards.

\Bathes in energy industry stock

How can jobs be created if we won't give them money? We are all doomed!

On Wallstreet this year
the only trickle down near
Paleo's one tear.

Irongut wrote:

On Wallstreet this year
the only trickle down near
Paleo's one tear.

Well played.

93_confirmed wrote:

But how will they feed their families gold-flake covered pizza?? We need to organize a Goodjer collection ASAP.

ftfy

[size=24]SOMEONE PROTECT THE JOB CREATORS[/size]

Perhaps of the banks would actually lend out some of that f*cking money they stole or got from the government they might actually make some money.

But nooooo, they just stuffed their coffers and doubled everyones interest rate.

93_confirmed wrote:

But how will they feed their families?? We need to organize a Goodjer collection ASAP.

Presumably they'll have to feed them regular Bentleys, rather than solid gold Bentleys.

10 print "This porridge is too hot."
20 print "This porridge is too cold."
30 ** This porridge is just right **
40 goto 10

http://www.huffingtonpost.com/2012/01/11/wall-street-workers_n_1199514.html

"The feeling is compensation is never really going to come back, which is something entirely new," the anonymous ex-Wall Street worker told New York Magazine as part of their Workplace Confidential series. "After the tech bubble, no one questioned it wouldn't come back. We all knew it would. Now it's different. It's just no fun."

No fun? Oh man.

My heart bleeds for them.

"Flow my tears," the fund manager said.

To complete the reference:

Flow, my tears, fall from your springs!
Exiled for ever, let me mourn;
Where night's black bird her sad infamy sings,
There let me live forlorn.

Down vain lights, shine you no more!
No nights are dark enough for those
That in despair their lost fortunes deplore.
Light doth but shame disclose.

Never may my woes be relieved,
Since pity is fled;
And tears and sighs and groans my weary days
Of all joys have deprived.

From the highest spire of contentment
My fortune is thrown;
And fear and grief and pain for my deserts
Are my hopes, since hope is gone.

Hark! you shadows that in darkness dwell,
Learn to contemn light
Happy, happy they that in hell
Feel not the world's despite.

IMAGE(http://sfbook.com/images/books/large/flow-my-tears-the-policeman-said.jpg)

This is what happens when you give so much money to so few people that money itself becomes scarce.

We have reached Peak Income!

Tanglebones wrote:

IMAGE(http://sfbook.com/images/books/large/flow-my-tears-the-policeman-said.jpg)

I'm sayin'.

DSGamer wrote:

http://www.huffingtonpost.com/2012/01/11/wall-street-workers_n_1199514.html

"The feeling is compensation is never really going to come back, which is something entirely new," the anonymous ex-Wall Street worker massive douchebag told New York Magazine as part of their Workplace Confidential series. "After the tech bubble, no one questioned it wouldn't come back. We all knew it would. Now it's different. It's just no fun."

No fun? Oh man.

I suspect to see these people camped out on Wall Street holding signs that say "WE ARE THE 99.5%".

Just heard a story on NPR the other day that Rolls Royce had a record year last year mostly due to purchases in China and the US despite a global economic meltdown.

So the news that Wall Street bonuses are incrementally smaller than they were last year (but still in the obscenely fcuking huge territory) .... well, let's just say I don't have a lot more than the single tear.

IMAGE(http://byfiles.storage.msn.com/y1p2SI6MDItyDcvzvAZZJkjDEPZTmwM2KGTcCQBDh4ir8ybm9z7dCnPRLprydt2AsiBKrZCvAM2daQ?PARTNER=WRITER)

I want a gun that shoots bacon too.

Paleocon wrote:

Just heard a story on NPR the other day that Rolls Royce had a record year last year mostly due to purchases in China and the US despite a global economic meltdown.

So the news that Wall Street bonuses are incrementally smaller than they were last year (but still in the obscenely fcuking huge territory) .... well, let's just say I don't have a lot more than the single tear.

IMAGE(http://byfiles.storage.msn.com/y1p2SI6MDItyDcvzvAZZJkjDEPZTmwM2KGTcCQBDh4ir8ybm9z7dCnPRLprydt2AsiBKrZCvAM2daQ?PARTNER=WRITER)

The cars I see driving around my office are pretty ridiculous. NOBODY WANTS A CANDY PINK LAMBORGHINI, COMRADES.

Is that a new shade of eyeshadow, Paleo? Fetching!

LobsterMobster wrote:

Is that a new shade of eyeshadow, Paleo? Fetching!

It's my David Bowie look. Don't judge.