13 Oct '11, 8pm

Bankers Make More Money Than Everyone, Complain About It | Care2 Causes

Bankers Make More Money Than Everyone, Complain About It | Care2 Causes

Even though Wall Street has been occupied for the better part of the past month, the bankers who work there have every reason to be cheery. It turns out that Wall Street bankers make more than five and a half times as much as other private workers in New York City. At more than $300,000 a year, their salaries have gone up 16.1% in the past year, according to a new report by the New York State Comptroller Office. One might think that with all that good news, they’d pop open some extraordinarily expensive champagne or engage in other expensive popular banker behaviors . But no, instead they decided to complain that they aren’t making enough money. In a new series of interviews edited by Bloomberg , bankers vent their frustrations with the stagnant economy and having to accept “recalibrated” salaries to reflect reduced revenue. According to the article, Michael Karp, a Wall S...

Full article: http://www.care2.com/causes/bankers-make-more-money-than-...

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