Wall Street Pay 'Vaults to Record Altitude'

[tpsbmam]

Source: HuffPo

In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009.

The increase was fueled by a revenue rebound as the financial crisis recedes in the rearview mirror...

"Things are shifting back to where they were before," said J. Robert Brown, a law professor at the University of Denver who studies compensation and corporate-governance issues.

And:

Bank of America Chief Executive Brian Moynihan got a 67% bump in his total compensation for 2010, the company said Monday. Goldman Sachs Group Inc. tripled the salary of Chairman and CEO Lloyd C. Blankfein and increased his stock-based bonus 40% to $12.6 million.

Read more: http://www.huffingtonpost.com/jonathan-tasini/wall-street-pay-vaults-to_b_817415.html

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(Ed to note that emphasis was added by HuffPo, not by me.)

[Avant Guardian]

1. "Things are shifting back to where they were before"

Ugh!

[Rex]

2. Without a shadow of a doubt, every American now knows that crime DOES pay!

Crime does pay...who could have known! Shock and Awe.

[HCE SuiGeneris]

3. That's...

Stock and awwww :( for me.

[grahamhgreen]

4. Criminals. Bailed out when we had em on the ropes.