Those Obscene Bonuses

I'll be on CNBC's On the Money program tonight at 7 (eastern time) to discuss the recent spate of over-the-top Wall Street bonuses.

Charlie Gasparino revealed yesterday on CNBC that fifty execs at Goldman Sachs will be getting bonuses of $25 million each. More today from Roddy Boyd in the Post. The whole thing is nuts.

When is the Street going to draw the line on overpaying its people? Don't they have anything better to do with their shareholders' money?

© 2006 Gary Weiss. All rights reserved.

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Wall Street Versus America was published by Penguin USA on April 6.
Click here for its Amazon.com listing and here for more information on the book, from my web site.