Numbers Don't Lie

Friday, January 19, 2007

A bipolar world

In Dec. 2006, the 5 brokerage firms in New York - Merrill Lynch, Morgan Stanley, Lehman brothers, Bear Sterns and Goldman Sachs - paid out $36 billion as bonus to their brokers. Their compensation and bonus together roughly are equal to Vietnam's GDP.
We are living in a bipolar world with huge wealth concentration.
Source: Barrons, Jan 15, 2007

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2 Comments:

Blogger Forty_Two said...

During the first day of the Battle of the Somme in WWI, the British army lost 58,000 dead, the death toll for the American military during the entire Vietnam War.

6:35 AM

 
Anonymous Anonymous said...

I have the wrong job!

8:49 PM

 

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