Thursday, October 30, 2008

Those Rich Wall Streeters....

I can't stand it any longer. Wall Street, Main Street. Wall Street bad, make money by crush Main Street.

Well, let's take a look at Citigroup for example:

2007: 275,000 total employees

2007: $34.435 billion in compensation and benefit expenses

2007 average compensation per employee: $125,218.18

Now, that includes:

Chuck Prince (no longer with Citi): $41 million

Win Bischoff: $6.99 million

Vikram Pandit: $3.16 million (slated to make over $100 million in 2008)

Gary Crittenden: $12.79 million

Michael Klein (no longer with Citi): $19.3 million

Sallie Krawcheck (no longer with Citi): $12 million

Lewis Kaden: $8.3 million

Stephen Volk: $10.25 million

My point is that there are thousands upon thousands of moderately paid employees at these firms. They did not participate in the windfall of profits from the real estate/mortgage/CDO/SPV debacle. And I just listed the executive suite, there were several others that made millions. How many Citigroup employees would not see tax increases if Obama were to be elected???????

1 comment:

Anonymous said...

amen brother