Tuesday, February 27, 2007

Big Paydays at Wall Street I-Banks

Yet another reason to believe I got into the wrong line of work. Lehman Brothers one of the go-to Wall Street investment banking firms reported that its income rose to $4 billion dollars this year up 23%. That wasn't the interesting part though. The Wall Street Journal is reporting that based on SEC filings the company's top three officers took home $92.3 million dollars this year. Not bad for a year's work, of course these paychecks are small potatoes compared to what some of Lehman's competitors like Goldman Sachs paid out.