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Reply #55: Before I break down crying hot tears of sympathy, let's get out the calculator, shall we? [View All]

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hatrack Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-22-06 09:59 AM
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55. Before I break down crying hot tears of sympathy, let's get out the calculator, shall we?
Let's take the example of the $40 million bonus awarded earlier this week.

OK, so 100 hours per week X 52 weeks per year = 5,200 hours annually.

$40 million/5,200 = $7,692.30 an hour for the Lucky Ducky at the head of Shearson Pendragon & Whatizface.

And before we weep for the lowly trader slaving to get by on a much smaller salary and bonus combo of, say, $2.5 million, that still works out to $480.77 an hour.

Have to go now - running to the nearest Osco for extra Kleenex.
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