Dumb.
I've spent my whole career on Wall St and will tell you that if your shop has a terrible year, you will likely receive a significantly smaller bonus. If you already had that pay locked in the form of a salary, the bank would then have no choice but to lay you off. "Bankers" generate huge returns for their respective firms and are compensated for doing so. What you don't find in the article is that investment banking teams will work 12-16hrs every day and often over weekends. Try getting a DMV employee to do that.
I also love the term "Banker" being thrown around. The financial sector is massive and extends well beyond "banking."
|