{"id":451,"date":"2009-01-28T06:16:47","date_gmt":"2009-01-28T14:16:47","guid":{"rendered":"http:\/\/hodakvalue.com\/blog\/?p=451"},"modified":"2009-01-28T06:35:11","modified_gmt":"2009-01-28T14:35:11","slug":"the-bonus-results-are-in-drumroll","status":"publish","type":"post","link":"http:\/\/hodakvalue.com\/blog\/the-bonus-results-are-in-drumroll\/","title":{"rendered":"Wall Street bonus results are in (drumroll)"},"content":{"rendered":"

OK, Andy, you can stop hyperventilating<\/a> now about how much certain other New Yorkers are making.\u00a0 The media and politicians have been fretting about how much Wall Street bonuses would be this year.\u00a0 The nominees were:<\/p>\n

1)\u00a0 Up three percent<\/a> (!)<\/p>\n

2)\u00a0 It should be zero<\/a> (Barney Frank)<\/p>\n

3)\u00a0 Down about 25 percent<\/a> (Alan Johnson, Wall Street comp specialist)<\/p>\n

4)\u00a0 Down 30 to 50 percent<\/a> (yours truly)
\n<\/a><\/p>\n

And the correct answer is (drumroll, please):\u00a0 down 36.7%<\/a> per worker; 44% overall
\n<\/a><\/p>\n

I’d like to think that our AG’s obsession<\/a> with how much these bankers make has contributed a little to this comeuppance.\u00a0 Alas, the market’s work is swift while the wheels of justice grind on at their deliberate pace.\u00a0 I’m sure Andy and Co. will press ahead, however, making it as difficult as possible to pay anything to those greedy bastards on Wall Street, tamping those bonus dollars down for as long as possible.\u00a0 Of course, Andy’s own job is secure.\u00a0 It’s up to his compatriots to figure out what to do with the $1 billion in state tax revenue and $275 million in city taxes that have evaporated with those bonuses.<\/p>\n","protected":false},"excerpt":{"rendered":"

OK, Andy, you can stop hyperventilating now about how much certain other New Yorkers are making.\u00a0 The media and politicians have been fretting about how much Wall Street bonuses would be this year.\u00a0 The nominees were: 1)\u00a0 Up three percent (!) 2)\u00a0 It should be zero (Barney Frank) 3)\u00a0 Down about 25 percent (Alan Johnson, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,5,21],"tags":[],"class_list":["post-451","post","type-post","status-publish","format-standard","hentry","category-economics","category-executive-compensation","category-politics"],"_links":{"self":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/comments?post=451"}],"version-history":[{"count":10,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/451\/revisions"}],"predecessor-version":[{"id":461,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/posts\/451\/revisions\/461"}],"wp:attachment":[{"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/media?parent=451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/categories?post=451"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hodakvalue.com\/blog\/wp-json\/wp\/v2\/tags?post=451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}