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Non-Tech : A Lamp For Diogenes!

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From: Arthur Radley12/7/2007 1:19:35 PM
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"What is clear is that home loans were highly lucrative to Wall Street and its bankers. The average total compensation for managing directors in the mortgage divisions of investment banks was $2.52 million in 2006, compared with $1.75 million for managing directors in other areas, according to Johnson Associates, a compensation consulting firm. This year, mortgage officials will probably earn $1.01 million, while other managing directors are expected to earn $1.75 million."

Will be a sad Xmas this year for the mortgage division managing directors. $1.01 million won't buy them much, plus there will be the jealous factor of the non-mortgage managing directors.
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