Yes, that's a good point too. The bonuses were ridiculous. Also, if you notice, the average employee compensation increased approximately $20,000 in the past year alone.
I absolutely cannot believe JPM can pay out 30 billion in bonuses and say to hell with you shareholders of this company. It is beyond my comprehension.
I agree Fish. JPM tanked because of their greedy bonus practices. Stock market decline didn't help either. Made me smile today to see that Citi will not pay bonuses over $100,000 plus stock. True they have less to lose but a great dig to JPM.