Big banks have decided that big pay trumps good PR. In a move that is sure to irritate an already outraged public, major U.S. banks paid out $145 billion in compensation in 2009, up 18% from 2008 according to a study by The Wall Street Journal. The survey covered 18 financial firms and showed that pay packages were 32% of the revenue of these firms. Some firms quarreled with the paper's methods, but its figures are probably not far off the mark.
The Money Man Behind Rick Santorum: Who Is Foster S. Friess?
Savings Experiment: Snow Removal
Why Your 2012 Tax Bill May Jump By $8,000
Savings Experiment: Tissues vs. Toilet Paper
Wrecks to Riches: Hunting Sunken Treasures from Cape Cod to the Costa Concordia
