際際滷

際際滷Share a Scribd company logo

Wall Street Bonuses: A Bottom-Up Take

Download as PPTX, PDF
Institute for Policy Studies
Institute for Policy Studies

State officials in New York put last year's average Wall Street bonus at $172,860. But that "average" obscures a vast divide between Wall Street's top execs and everybody else.

1 of 1
Download to read offline
Where does all the money come from for Wall Streets huge bonus pools? One new study traces the 2013 revenues of JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley, and six other global banking giants. Additional sources: Office of the New York State Comptroller and U.S. Bureau of Labor Statistics. Noun Project: Roy Verhaag, Wilson Joseph, Luis Prado, Tuk Tuk. Wall Street Bonuses: A Bottom-Up Take Wall Streets average bonus and total pay figures conveniently conceal just how the vast the divide between Wall Streets top executives and workers has become. 2014 bonus outlays for Wall Streets 167,800 employees Earnings of 1,007,000 U.S. full-time minimum wage workers in 2014 $28.5 billion $14 billion Wall Street bonus pool Minimum wage 27% 0% Increase in value since 2009 $6,012,000 Source: Bank of England Quarterly Bulletin, 2015 Q1 $68,000,000Take the 2014 salary and bonus of the three top executives at Goldman Sachs Add in the salary and bonus of 200 Goldman office workers making just over $30,000 a year All these people together averaged $363,830 in salary and bonus, the average 2014 take-home of people employed on Wall Street $34.6 billion $105 billion Revenues of top 10 investment banks One-quarter of global big bank revenue comes from delivering services that support the real economy of jobs and paychecks. Three-quarters of big bank revenue comes from speculative wheeling and dealing in everything from derivatives to currency trades. In 2014, bonuses on Wall Street added $172,860 on average to the $190,970 Wall Streeters averaged in salary. How huge has Wall Streets bonus pool become? Institute for Policy Studies, Off the Deep End, March 2015 Originally published in the April issue of Too Much, the Institute for Policy Studies newsletter on excess and inequality. Subscribe at www.toomuchonline.org.

More Related Content

Wall Street Bonuses: A Bottom-Up Take

  • 1. Where does all the money come from for Wall Streets huge bonus pools? One new study traces the 2013 revenues of JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley, and six other global banking giants. Additional sources: Office of the New York State Comptroller and U.S. Bureau of Labor Statistics. Noun Project: Roy Verhaag, Wilson Joseph, Luis Prado, Tuk Tuk. Wall Street Bonuses: A Bottom-Up Take Wall Streets average bonus and total pay figures conveniently conceal just how the vast the divide between Wall Streets top executives and workers has become. 2014 bonus outlays for Wall Streets 167,800 employees Earnings of 1,007,000 U.S. full-time minimum wage workers in 2014 $28.5 billion $14 billion Wall Street bonus pool Minimum wage 27% 0% Increase in value since 2009 $6,012,000 Source: Bank of England Quarterly Bulletin, 2015 Q1 $68,000,000Take the 2014 salary and bonus of the three top executives at Goldman Sachs Add in the salary and bonus of 200 Goldman office workers making just over $30,000 a year All these people together averaged $363,830 in salary and bonus, the average 2014 take-home of people employed on Wall Street $34.6 billion $105 billion Revenues of top 10 investment banks One-quarter of global big bank revenue comes from delivering services that support the real economy of jobs and paychecks. Three-quarters of big bank revenue comes from speculative wheeling and dealing in everything from derivatives to currency trades. In 2014, bonuses on Wall Street added $172,860 on average to the $190,970 Wall Streeters averaged in salary. How huge has Wall Streets bonus pool become? Institute for Policy Studies, Off the Deep End, March 2015 Originally published in the April issue of Too Much, the Institute for Policy Studies newsletter on excess and inequality. Subscribe at www.toomuchonline.org.