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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: posthumousone who wrote (164998)	11/18/2008 1:25:38 PM
From: GraceZ	Read Replies (2) \| Respond to of 306849

notice plans say bonus wont be paid for people making over 250K You'll find that my estimate is correct, the top 7-8 execs don't get their bonuses and everyone else does. This might lower the amount of bonuses paid by 10-25%. Most top traders are paid far in excess of the CEOs in those same firms because they are paid a percentage on what they make for the firm, their salaries are a very small fraction of what they make. Salary is what you get for failing, along with your pink slip. The City of NY as well as the State of NY would never go along with insisting on cutting out all bonus money, they depend on the tax revs. You are talking about 30 billion that is subject to personal income tax at the highest marginal rate. Not to mention the amounts that get spent within the city and state that all of a sudden disappear.