Fury at $2.5bn bonus for Lehman's New York staff

Fury at $2.5bn bonus for Lehman's New York staff

www.independent.co.uk

Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.


The revelation sparked fury among the workers' former colleagues, Lehman's 5,000 staff based in London, who currently have no idea how long they will go on receiving even their basic salaries, let alone any bonus payments. It also prompted a renewed backlash over the compensation culture in global finance, with critics claiming that many bankers receive pay and rewards that bore no relation to the job they had done.

(visit the link for the full news article)

This is unconciousable... it should be confiscated and applied to their bailout.

Of course the bush minor administration will do no such thing.

www.independent.co.uk
(visit the link for the full news article)

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