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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1 Comments:

Anonymous Anonymous said...

I have the wrong job!

8:49 PM

 

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