Wall Street bonuses go up again

This increase is even better than the pay increases Congress gives itself. You just can’t lose on Wall Street, even when you lose billions. A few CEOs will not receive bonuses this year and that’s great. (Yes, they’re still doing just fine even without the bonus.)

Perhaps the most offensive bonus has to go to Lehman Brothers CEO Richard Fuld who is gladly gobbling up a comfortable $35 million, despite record losses due to subprime write-downs. Lehman is also being sued by Australian investors who lost up to 86% thanks to the subprime losses. Investors ought to be fuming, but American taxpayers who are bailing out this crowd ought to be going ballistic.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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