A British newspaper is reporting that the employees of the London office of the now bankrupt Lehman Brothers are outraged that the New York office employees will share in 2.5 billion, yes, that's right, billion, in bonuses. Since there are reportedly 10,000 employees in the New York office, the 2.5 billion averages out to $250,000.00 per employee. Not bad pay for driving your company into bankruptcy.
This is from the article:
Lehman Brothers’ British staff reacted with fury when told that colleagues at Lehman’s New York office were expected to share in a $2.5 billion bonus bonanza while they would be paid just until the end of the month.
This is the kind of stuff that drives ordinary mortals crazy about the so-called "Masters of the Universe" who run Wall Street. They apparently can run their businesses, and perhaps the country, into the ground, but they walk away with millions of dollars in payouts.
As the Telegraph article notes, "It looks like those that will suffer the most from the Lehman Brothers collapse are those at the bottom of the corporate chain while many of those at the top will be looked after."
No surprise there. The pigs always make sure their pork is protected.