American Economy To Transfer $5 Trillion To Banker Pay And Bonuses

[RCD]

This article is ridiculous.

When I was trying to break it down by the numbers to get an average employee annual salary I realized it was impossible.  This article throws around the term 'banker'  with zero clarification.  Does that mean I should hate my teller for stealing my hard earned money??  Customer service reps of banks are raping and pillaging the American economy??

It at one point accused the 'mainstream megabanks', which I will assume is any bank with an investment banking division.  Wells Fargo, JP Morgan, Bank of America, Goldman Sachs, PNC, Citigroup, Morgan Stanley, AIG........  Already you're talking about well over a million employees.  Those are just American based banks.  Credit Suisse, Barclays, Lloyds, Deutsche Bank, RBS, RBC...... There's another half million AMERICAN employees.  Throw in hedge funds, private equity...... Hundreds of thousands more.

So based on those broad numbers..... $2.2T/ 5 years= $440B annually.  $440B/2M employees= $220,000 per employee.  However,  the lions share of that is going to 10,000 or so upper level employees.  That leaves you with at most $100,000 per employee (which is extremely generous).  That (in the best case scenario) is a strong, but middle class wage for millions of American workers.  Seems about fair to me.

I am with Captain Zissou . This thing is poorly constructed and has no real information. FIGURES DEFY LOGIC AND BASIC RULES OF MATH

[Midway ®]

Come now, who's being ridiculous.  Have you been in a coma the last 3-4 years that you don't know who the article is referring to?

I have extensive knowledge on the industry, as I work in it.  My point was the article is crap.  It shouldn't take me less than 3 minutes to discredit it.

Just to further validate your credibility on this subject, could you please explain what you mean by "extensive knowledge" in terms of say, years in the industry or some other customary "experience benchmark"?