Who says we don't believe in American "Exceptionalism" anymore?
Record Breaking Bonuses on Wall Street, are treating the select few
-- "Exceptionally" Well ... thank you very much!
On Street, Pay Vaults to Record Altitude
by Aaron Lucchetti and Stephen Grocer, Wall Street Journal -- Feb 2, 2011
When it comes to paychecks, Wall Street's law of gravity is back in full force: What goes down must come back up.
In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009.
[...]"Things are shifting back to where they were before," said J. Robert Brown, a law professor at the University of Denver who studies compensation and corporate-governance issues.
"back to where they were before" ???
The professor must mean back to Business as Usual ...
