Wednesday, December 20, 2006

Big Numbers..........

Maybe the markets are due for a correction one of these years. The head dude at Goldman Sachs was awarded well over $50,000,000 in pay this year. The guy at Morgan Stanley who has only been there maybe 18 months has already made close to $70,000,000. Nothing wrong with either picture. Both stocks have done well. I hear the average bonus for employees at Goldman will be in the $600,000 range. Chump change really when compared to the $600,000,000 our man, Michael Milken, at my old firm of Drexel Burnham Lambert made in 1986.

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