Posted by Disgusted on March 20, 2008 at 23:13:52 from (12.213.112.59):
My 401K plan has lost tons of money lately but Wall Street handed out a record 38 billion in bonuses for 2007.They had their worst year since 2002 losing 74 billion in equity.
186,000 employees at the top 5 investment banks in NYC each averaged $201,500 in bonuses for 2007 since they did such a wonderful job..Their salaries average over $100,000 each so their total compensation is over $300,000.This is about $144.00 per hour. Meanwhile the average wage earner makes $16-17 per hour.
And you thought auto workers were overpaid at $25 per hour! Wall Street is totally out of touch with reality!!
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
... [Read Article]
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