"Wall Street banks typically set aside more for compensation than other industries — about 50% of revenue to pay employees. However, the largest companies that make up the S&P 500 spend less than 22% of revenue on all indirect costs, which includes salaries, commissions and other overhead, according to a USA TODAY analysis of data from Standard & Poor's Capital IQ....
However, studies have found that there is little correlation between pay and performance on Wall Street,"
Monday, August 10, 2009
Wall Street bankers are still raking in billions in bonuses - USATODAY.com
Wall Street bankers are still raking in billions in bonuses - USATODAY.com:
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"Wall Street banks typically set aside more for compensation than other industries — about 50% of revenue to pay employees. However, the largest companies that make up the S&P 500 spend less than 22% of revenue on all indirect costs, which includes salaries, commissions and other overhead, according to a USA TODAY analysis of data from Standard & Poor's Capital IQ." -
It's comparing apples with oranges and is misleading. The comparison should be between banks and those industry groups, like IT, where manpower and not factories are the assets on which businesses run.
I read your whole blog... That´s something I never do...
great job
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