Hallelujah, though maybe my question would not be quite as SFW. Better late to the party than not showing at all. How much talent did it really take to lose billions upon billions? Talent to negotiate a fat bonus, perhaps, but definitely no talent in making profits. Let them go and lock the door behind them when they leave.
Still, we say Godspeed to this "talent." After all, the traders and suits in the corner offices don't exactly have an unblemished track record. In 2008, Citigroup, BofA and Merrill Lynch (since acquired by BofA) posted a grand total of $51 billion in losses.
Yet even as they were running themselves into the ground, the firms managed to pay out more than $12 billion in bonuses -- including 1,606 million-dollar-plus bonuses, according to a report from the New York attorney general's office.
