I’m the last guy to defend Wall Street, but how does this compare with other companies? I’ve been under the impression for a long time that payroll accounts for the majority of operating costs in most industries, which would indicate that these are less extravagant (in this context) than might be supposed.
1 Response to Update: Wall Street Compensation
Mickey
October 12th, 2010 at 4:05 pm
I’m the last guy to defend Wall Street, but how does this compare with other companies? I’ve been under the impression for a long time that payroll accounts for the majority of operating costs in most industries, which would indicate that these are less extravagant (in this context) than might be supposed.