Wall Street Pay to Set New Record
Posted in Main Blog (All Posts) on October 12th, 2010 4:42 am by HL
Wall Street Pay to Set New Record
The Wall Street Journal reports that Wall Street compensation is on pace to break a record high for a second consecutive year.
“About three dozen of the top publicly held securities and investment-services firms — which include banks, investment banks, hedge funds, money-management firms and securities exchanges — are set to pay $144 billion in compensation and benefits this year, a 4% increase from the $139 billion paid out in 2009, according to the survey. Compensation was expected to rise at 26 of the 35 firms.”
Republicans Still Very Unpopular
A new Bloomberg Poll finds that voters aren’t embracing Republicans as much as they are rejecting Democrats.
“The poll finds Republicans in an anomalous position — poised to make political gains while the party and its policies are unpopular. That stands in contrast to midterm elections in 1994 and 2006, when the insurgent party gained congressional control after polls showed voter attitudes tilting toward them.”
Key finding: 49% of likely voters said they had an unfavorable view of the Republicans, while 45% have an unfavorable view of Democrats.
Said pollster Ann Selzer: “People are insecure. Their own money is tight and the current administration has not convinced them the nation will not go broke from big spending programs. That insecurity does not translate into trust for Republicans, however.”
