WSJ puts up a table on compensation for some of the biggest banks, hedge funds, asset managers, and stock and commodities exchanges. The number: a record $140bn. Yes, that’s higher than the $130bn that was paid when the market was at its peak back in 2007 and before everything came tumbling down.
Here’s the table:
Some things to note: Look at Blackstone’s compensation as a % of its projected revenue. Even the absolute number. Wowzers. And among the investment banks, it isn’t surprising that Goldman has the biggest in an absolute basis. Meanwhile Morgan Stanley also will be paying more than Citi and BofA would to its employees.
Then again, that’s just WSJ’s prediction. Although higher or lower than that, I suppose it wouldn’t be so wrong for me to declare, let the compensation bashing begin.