Tuesday, 20 November 2007

Wall Street bonuses: let the good times roll!

Northern Rock may be a mess, an absolute fucking disaster - see what happens when you don't employ enough shamans or mystics - but workers on Wall Street will be laughing soon because bonuses are expected to reach an all-time high this year. Forget about sub-prime mortgages. It's flotations, mergers, and acquisitions that are bringing the money in.

It won't be so good over here in Britain though. Goldman Sachs will be all right, as ever. What is Goldman's secret? I wouldn't like to say - maybe another time. Bob Diamond from Barclays probably won't be getting a big bonus this year. He received £15.2 million last year. I haven't had any contact with Bob for quite a while. Bob, if you're reading this - don't be a stranger.