From ibtimes.com:
Wall Street is set to witness a record rise in employee compensation for the second consecutive year, according to Wall Street Journal.
About 35 securities and investment firms are expected to pay $144 billion in compensation and benefits in 2010, up 4 percent from $139 billion in 2009, according to a survey, WSJ said. While compensation is set to rise at 26 firms, revenue increase may be seen in 29 of the 35 institutions, the survey showed.
It’s so nice that there’s no one who can stop all this from happening. It’s like we don’t mind our money being taken out of our pockets and put into the pockets of a comparative handful of people. >_<
I think I smell a candidate for effyou.org this week!
Story found via Frederic’s Tumblr.
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