Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (297098)	3/19/2009 12:44:39 AM
From: Elroy	1 Recommendation Read Replies (3) \| Respond to of 793801

Any idea of what the actual salaries are? I have a friend who is mid-level at one of the bulge bracket investment banks. His annual salary is ~$120k, and expectations of "bonus" are ~$150k (bad year)-$400k (good year). His Manhatten rent for a normal 2 bedroom is ~$65k per year, then you've got utilities/food/whatnot for wife and two kids. He couldn't live on his $120k salary given rent (for a normal 2 bedroom apartment) and income tax. One problem with interpreting all this bonus hullabaloo is that in the investment banks the "bonus" is pretty much assumed, it's not necessarily a reward for exceptional behavior/work/performance. I don't know the story with AIG, but it may be similar. If the company just raised the person's salary to $300k per year and paid zero bonus, would that be OK?