Most of the CEOs at banks and investment houses are losing their bonuses this year, so what not let every employee at the firms share their pain? Even if they did nothing to deserve it? Some of them may have actually made money for the firm.
Who cares? The tidal wave carries everyone out to sea.
Referring to Goldman Sachs (GS), The New York Post writes, “Everyone from the investment bank’s senior executives to rank-and-file employees are expected to feel the pinch from the smaller bonus pool, with jet-setting bankers seeing their bonus shrink as much as 80 percent, while lower-level workers could see their bonuses fall by half. “
Douglas A. McIntyre