Retire Young Retire Rich?

by Income MARKETING Opportunities EZWORKSYSTEMS

The highly generous pay packages include $172 million for Merrill Lynch & Co. CEO Stanley O'Neal from 2003 to 2007, before it was bought by Bank of America in 2008, and $161 million for Bear Stearns

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Co.'s James Cayne before the bank collapsed and was sold to JPMorgan Chase & Co. in June 2008.
in 2008 when the U.S. government was bailing out the industry with a $700 billion financial rescue package
According to Bloomberg Wall Street's five biggest firms paid over $3 billion to their executives from 2003 to 2008,
http://tinyurl.com/Investment-Banking-com
investment bankers make obscene amounts of money

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Review on Retire Young Retire Rich?

Investment banking is often criticized for the enormous pay packages awarded to those who work in the industry. According to Bloomberg Wall Street's five biggest firms paid over $3 billion to their executives from 2003 to 2008, "while they presided over the packaging and sale of loans that helped bring down the investment-banking system."
The highly generous pay packages include $172 million for Merrill Lynch & Co. CEO Stanley O'Neal from 2003 to 2007, before it was bought by Bank of America in 2008, and $161 million for Bear Stearns
Co.'s James Cayne before the bank collapsed and was sold to JPMorgan Chase & Co. in June 2008.
- en.wikipedia.org
economy and how it will impact
Get ready for higher unemployment, slower wage growth
slowing business activity and reduced consumer demand from those working in financial services, the impact will be felt by every sector of the economy.
financial crisis; jobs will be lost in all sectors
City Boys who are not going to see the same bonus payments
financial services are also likely to suffer
loss of jobs
. Businesses are likely to find it increasingly difficult to find credit, especially the cheap credit
will reduce the ability of businesses to expand and capitalize on opportunities
result is that financial markets have seen billions of dollars wiped out...
the U.S. government was bailing out the industry with a $700 billion financial rescue package...
"By any standard of human fairness, of course, investment bankers make obscene amounts of money."
Investment Banking
There are two main lines of business in investment banking. Trading securities for cash or for other securities: Private equity funds, mutual funds, life insurance companies, unit trusts, and hedge funds are the most common...
the United States maintained a separation between investment banking and commercial banks. An investment bank is a financial institution that assists individuals, corporations, and governments in raising capital by underwriting...

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