Banker Salaries In Crisis: Pay Drops To $380,000 In Cash Per Year

[Roland99]

Banker Salaries In Crisis: Pay Drops To $380,000 In Cash Per Year
http://www.businessinsider.com/banker-pay-crisis-bonus-base-millions-2011-4

These are the numbers for mid-career level bankers (people in their 30s or 40s).

The pay breaks down like this:

* Precrisis: About $2.2 million a year. ($200,000 base, $2 million bonus, about 60% of which was paid in cash).

* After taxes: $700,000 cash take home. $1.4 million total.

* Postcrisis: $1.6 million a year. ($400,000 base, $1.2 million bonus, about 60% to 70% is in the form of deferred compensation, largely in company stock). That's about

* After taxes: $380,000 cash.

Cry. Me. A. Fucking. River.

[SoCalNative]

1. Oh noes!

How will they EVER survive on that pittance?

[Roland99]

4. but...but...but...those mid-town Manhattan penthouses ain't cheap....

:cry:

[annabanana]

2. Oh Dear. " Won't SOMEONE please think of the

bankers?" Whatever will they DO?

[closeupready]

3. I think the taxpayers ought to underwrite them for a minimum of $4M each.

Because, this is worse the Fukushima, it's the end of the world. :sarcasm:

[upi402]

5. and with jet fuel costs going thru the roof!

Pooper guy needs to pinch a sympathy turtle:hurts:

[hobbit709]

6. My response

:nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity:

[PBS Poll-435]

7. We need a different pejorative for folks that work 40-50+ hours a week as "Bankers"

And the people that you are referring to.

My friends make 40-50K a year and because of this BS, they don't even get their perks anymore.