Bankers Expect Rising Bonus Pay to Break Records in Global Poll

[swag]

http://www.bloomberg.com/apps/news?pid=20601087&sid=a1ZlLqcUMvZg

Oct. 30 (Bloomberg) -- In Washington and on Main Street, politicians and voters are railing against Wall Street’s multi- million-dollar pay packages. In the financial world, most executives expect their bonuses to match or exceed last year’s, with 1 in 10 predicting their best-ever payout.

Having shaken off the biggest economic decline since the 1930s, almost three in five traders, analysts and fund managers believe their 2009 bonuses will either increase or won’t change, according to a quarterly poll of Bloomberg customers. Only one in four see a decline. Asians are the most optimistic about pay and Americans and Europeans somewhat less so.

“The large banks are knocking the cover off the ball,” said Daniel Alpert, managing director of New York-based investment bank Westwood Capital LLC. The industry is “making money, though with government help.”

. . .

The findings “give some fuel to the people who claim that Wall Street hasn’t really gotten it,” said Mark Borges, a compensation consultant at Compensia Inc. in Corte Madera, California. “There really hasn’t been a dramatic cultural shift in these organizations.”

. . .

[no_hypocrisy]

1. Bonuses for losing money.

This is the perpetual Tea Party in Alice In Wonderland.

[dipsydoodle]

2. Bestever payout.

What greater incentive could there be to create an bigger fuck up in the future ? :sarcasm: