from an article in the times today:
*"...a former Lehman Brothers trader who had 11 years of bonuses locked in as shares until next year, watched helplessly as his dreams of early retirement evaporated. At their height, the shares were worth several hundreds of thousands of pounds. Many of his former colleagues at the bank, which he left in March, would be much worse off, he said. 'For managing directors, 50 or 60 per cent of their bonuses were paid in stock, so for some people that would mean $2.5 million to $3 million. I know a lot of people at Lehman who have spent the money already - they have bought holiday homes or other things.' "
*
average wage in the UK for a Lehman worker £335,000
the poor downtrodden fat tongued, fat tied, wanker bankers
my heart bleeds for you.
from an article in the times today:
*"...a former Lehman Brothers trader who had 11 years of bonuses locked in as shares until next year, watched helplessly as his dreams of early retirement evaporated. At their height, the shares were worth several hundreds of thousands of pounds. Many of his former colleagues at the bank, which he left in March, would be much worse off, he said. 'For managing directors, 50 or 60 per cent of their bonuses were paid in stock, so for some people that would mean $2.5 million to $3 million. I know a lot of people at Lehman who have spent the money already - they have bought holiday homes or other things.' "
*
average wage in the UK for a Lehman worker £335,000
the poor downtrodden fat tongued, fat tied, wanker bankers
my heart bleeds for you.