Billionaire investor, “shares God” Warren Buffett (Warren Buffett) said, when corporate profits decline due to reckless bet and the time the pay of Wall Street professionals need to “cut.”
In an interview with Buffett Business Wire (Business Wire) chief executive said in an interview: “For those who disrupted a large-scale financial institutions for people who must take steps to reduce their salaries. In these people, there are already too people out of their community to bring trouble, but also get rid of these troubles, while very rich. ”
According to the New York compensation consulting firm Johnson Associates Inc forecast of Wall Street bonus in 2009, the total amount of employees may be up 40% over last year to 26 billion U.S. dollars, which was the sub-prime mortgage finance company loan market wrong bet before all these companies eventually had to apply to the federal government rescue.
In contrast, as Berkshire Hathaway Inc. (Berkshire Hathaway Inc) CEO, Buffett’s annual salary of only 10 million U.S. dollars. Buffett’s leadership, the market value of Berkshire Hathaway has reached 150 billion U.S. dollars, Buffett has thus become the second richest man in the United States.
Buffett said: “We have to make changes is the need to ensure that Wall Street’s addition to the ‘carrot’ than there are ‘big stick’. Wall Street can not become a ‘one-way street’, so that employees in both profit in the situation is good to the ridiculous high salaries, but also deterioration in the form 1:00 am to take shelter elsewhere. ”
Last year, Buffett’s Berkshire Hathaway drawn from the 50 billion dollars, to Goldman Sachs Group, has invested in Wall Street history, the group’s highest-paid, most profitable companies. He said in an interview today, the securities industry is the foundation of economic growth, and said: “I do not think Wall Street is ‘evil’”, “We already have a large capitalist system, and therefore, have to have a large capital markets, but the market still has much room for improvement. ”
Data show that since 2007 the mortgage market collapse, global banks and securities firms have suffered more than 1.1 trillion U.S. dollars of capital write-downs and credit losses, leading to Citigroup and Merrill Lynch (Merrill Lynch & Co) and other financial companies CEO to step down to promote the S & P 500 index in March under the lowest level in 12 years of conflict.
Thank you for a very clear and helpful post. I am definitely a violator of many of these rules. I often find myself conflicted when writing a blog post because I see myself writing more than people want to read, but I feel that I have to do the subject matter justice by thoroughly covering it. I feel that by following some of these rules I end up cutting out important aspects to the discussion. I guess you have to find a balance.
[Reply]
Hypotheken? Heel veel hypotheek informatie: verschillende hypotheekvormen, hypotheekrentes, nationale hypotheek garantie, hoe een hypotheek te vergelijken.
[Reply]
Hoeveel kan ik lenen? (hypotheek). Wat worden mijn maandlasten? (hypotheek) … Hoeveel hypotheek heb ik nodig? Hoe hoog is de boete die ik nu zou moeten
[Reply]
BKR problemen? Nu Geld lenen zonder BKR toetsing? Op zoek naar betrouwbare aanbieders? Wij vergelijken banken die u toch kunnen helpen aan een betrouwbare
[Reply]
U wilt geld lenen zonder BKR toetsing? De opties hiervoor worden groter, kijk verder en ontdek hoe u wél geld kunt lenen, snel & eenvoudig.
[Reply]
Well, I believe that clears up a couple of problems for me personally. How about any person else?
[Reply]
What I desire to know is why I must care? I mean, not to express that what youve got to say isnt important, but I mean, its so generic. Everyones talking about this guy. Give us some thing far more, some thing that we can get behind so we can really feel as passionately about this as you do.
[Reply]
Great site and nice text.
[Reply]
Hey. Nice design you have got here. I’m just on the lookout for a fresh theme for my own blog – where did you have this layout? is it free or paid for? Cheers.
[Reply]