$1 million/year not enough

[mikefixac]

http://www.huffingtonpost.com/2013/04/30/bankers-1-million-pay_n_3188177.html?icid=hp_front_popular_art

For your viewing pleasure.

Folks, if I posted this in the wrong forum, would you please let me know.

Amazing, most of world lives under $1000/year, but these bankers need $1,000,000/year.

[Joet]

anti-moustachian wall of shame?

[Bigote]

From the article referenced in the Huffpo piece:

Cooper said some of the most impoverished-but-wealthy bankers are those with trophy wives. “You’ll get these guys who turn up at work with the girlfriends they’ve had since university, and then suddenly – once they start making a lot of money – they’ll ditch the old university educated girlfriend and find a much more glamorous and good looking woman that they’ve found through work,” she said. Predictably, Cooper said such wives are high maintenance, expecting expensive handbags, expensive shoes, houses in the right areas, expensive education for their children, jewels, nannies and help. “There are lots of lovely men in the City who’ve been with their wives since they were paupers,” said Cooper. “But there are also some who get trapped in relationships where the deal is that they have to earn a lot of money.”

My old boss to a 'T', when I worked in investment banking.  He now lives at the very edge of his means, despite making over a million a year.    I really liked his ex from his college days, too.  And she's an attorney and made ok money in her own right.   

[nktokyo]

I used to work in banking. I can tell you this is all true. I know guys with large watch collections, each of which cost more than I spend in a year. But they don't get to go to the park on Tuesday afternoon with their kids :-)