Banker makes 350,000 a year says its not enough.

[Pens1566]

Forgive me if I don't feel sorry for a banker that is relying on bonus money to sustain his standard of living.

 

[halik]

Forgive me if I don't feel sorry for a partner in a financial planning firm that is relying on bonus money to sustain his standard of living.

I wouldn't trust him as my financial planner if that's how he rolls.

Truth and this whole thread summarized. My bonuses go to 401K, savings and grad school loans (fvcking 6.8%)

 

[GotIssues]

He received a pay cut and needs to adapt to it, just like everyone else. If he has to sacrifice his vacation home, gold plated dog biscuits, and expensive private school tuition, so be it. Whether you make $350k or $35k, I can't have sympathy for someone who not only hasn't tried, but doesn't even want to find a solution to their own problems.

We've gone from a society of "Here's a problem, let's find a solution" to "Here's a problem, complain about it and blame someone else."

 

[Phokus]

LOL @ the 1%'ers breadline.

That's hilarious, the people who go to fairway are mostly upper middle income folks. The people who participated in the French Revolution had the right idea.

 

[NeoV]

I don't give a shit how much money you make - if you spend 17k on a dog, or dogs - you really need to re-think your priorities.

 

[CRXican]

fuck them

 

[Nerva]

The hours drop off after the first couple years - more like 10 a day or so plus weekends if you need to get shit done.

not true at all. 10 a day? you gotta be md to do work those hours and not even.

and this isnt even random once a week call in thing, you work 90-100 hour weeks constantly for years.

 

[homercles337]

nice to have money to burn, some people are just never happy...

Some people just need to be more humbled.

Someone needs to go all "Funny Games" on his ass...

 

[disappoint]

One year, I spent had to spend more than $17k to take care of my dogs. And I'd do it again, if I had to.

Bonuses come out next Friday. Woot!

Yuo shud of spend it an engrish crasses insted.

 

[Golgatha]

omg teh horrorz!

 

[Jeffg010]

He received a pay cut and needs to adapt to it, just like everyone else. If he has to sacrifice his vacation home, gold plated dog biscuits, and expensive private school tuition, so be it. Whether you make $350k or $35k, I can't have sympathy for someone who not only hasn't tried, but doesn't even want to find a solution to their own problems.

We've gone from a society of "Here's a problem, let's find a solution" to "Here's a problem, complain about it and blame someone else."

Gold plated dog biscuits that made me laugh.

 

[Blackjack200]

While I'm an advocate of a more progressive tax structure, and worry more about the problems of the middle and working classes than the upper class, I'll say this: if you can't feel any compassion for someone who has experienced a severe reduction in salary and has to make painful adjustments because of it, you should not expect any sympathy from anyone else if the same happens to you.

No one on these forums is starving, so spare me your indignation. By and large, these people went to expensive private collages, and that's where they made their social connections. That means that their friends live in Greenwich, SoHo, or Madison, that means that their friends' kids, who are likely their kids' friends, are going to expensive private schools. Many of them are to top earners in their family, do you think their family/friends ask them for favors, expect them to pay for dinner, etc.?

notsureifserious.jpg

I'm just baffled about this. The guy works in banking, and yet he apparently can't manage his own finances? Its like a foreman or engineer of a construction company that can't figure out how to put in 4 feet of concrete walkway between his driveway and house. Just makes me think he's a moron that has no business being paid that kind of money to do that job.

You'd be surprised, most of these jobs are very specialized. There are people in the financial industry that make seven figures and have no savings. It seems strange but it's common. And yes, they are very good at their jobs.

Excuse me while I go find the world's smallest violin to play for these people

Probably 90% of the people that make these kinds of salaries have the good sense to realize that they will never get sympathy, so when they get questions about having to deal with bonus cuts, they just say something like "I'm just grateful to have a job etc.etc." The writer found some folks in the other 10%.

 

[BoomerD]

Maybe he doesn't realize that he could pursue a less stressful and lower-paying job.

You could be clinically braindead and still work as a Walmart greeter or a Congressman. (And if you're in Congress, $350k would be the low-end gross pay. There's just the minor issue of purging yourself of all notions of ethics and personal dignity and values.)

Hell, if he's a banker, he was probably born without any of those annoyances.

http://www.huffingtonpost.co.uk/2012/02/28/rich-people-cheat-lie-break-law_n_1306167.html

Rich People 'More Likely To Lie, Cheat And Break The Law'

People from privileged, wealthy backgrounds are more likely to be dishonest and unethical than their poorer counterparts, a study has found.

From depriving children of sweets and reckless driving to lying for financial gain, the researchers at the University of California found that upper-class participants were more prone to immoral behaviour.

Subjects were divided into groups according to their social backgrounds and asked to carry out a series of tasks to test their scruples. The tests focused on traits such as honesty and consideration for others.

It was found that the wealthier the participant, the more likely they were to break the law, make unethical decisions and take valued goods from others.

They were also more likely to lie in a negotiation, cheat in order to attain a prize and endorse unethical behaviour at work.

The researchers concluded that the unethical tendencies of upper-class individuals were partly down to greed. They also were deemed to be more self-absorbed, less aware of others and less able to identify the emotions of others.

They went on to say that the theory could partly explain the banking crisis, as self-confident, wealthy bankers would be more likely to make reckless decisions.

The participants were first asked about their wealth, schooling, social background, religious persuasions and attitudes to money in an attempt to establish their perceived social class.

The tasks they performed included conducting a fake job interview in which they knew that the job might become redundant within six months. They were encouraged to conceal this from the candidate to test their compliance in unethical behavior and dishonesty.

They were also given the opportunity to cheat in a self-scoring dice game in order to gain a cash prize.

Another test assessed the social status of drivers based on their appearance and the make of their car. Those who were categorised as wealthier were more likely to drive through pedestrian crossings without stopping and cut up other drivers.

Lead researcher, Dr Paul Piff found conflicting reasons for the responses, the Telegraph reports: "On the one hand, lower-class individuals live in environments defined by fewer resources, greater threat and more uncertainty.

"It stands to reason, therefore, that lower-class individuals may be more motivated to behave unethically to increase their resources or overcome their disadvantage.

"A second line of reasoning, however, suggests the opposite prediction: namely, that the upper class may be more disposed to the unethical.

"Greater resources, freedom, and independence from others among the upper class give rise to self-focused social cognitive tendencies, which we predict will facilitate unethical behaviour.

"Historical observation lends credence to this idea. For example, the recent economic crisis has been attributed in part to the unethical actions of the wealthy.

"Religious teachings extol the poor and admonish the rich with claims like, 'It will be hard for a rich person to enter the kingdom of heaven'."

The link between economics and ethics has been the subject of numerous studies. According to research presented at the 105th Annual Meeting of the American Sociological Association, the more financially dependant a man is on his female partner, the more likely he is to cheat on her. However, conversely, the more dependent a women is on her partner, the less likely she is to be unfaithful, said researcher, Christin Munsch, a sociology Ph.D. candidate at Cornell University.

 

[Blackjack200]

I don't give a shit how much money you make - if you spend 17k on a dog, or dogs - you really need to re-think your priorities.

If you worked a hundred hours a week, how much time do you think you'd have to worry about walking your dogs, finding someone to take them when you were away, taking them to the vet, etc. The reason they're spending $17,000 on them is because they are outsourcing all this stuff. So you think that just because someone works a hundred hours a week they shouldn't have the pleasure of the companionship of a dog?

 

[Jeffg010]

If you worked a hundred hours a week, how much time do you think you'd have to worry about walking your dogs, finding someone to take them when you were away, taking them to the vet, etc. The reason they're spending $17,000 on them is because they are outsourcing all this stuff. So you think that just because someone works a hundred hours a week they shouldn't have the pleasure of the companionship of a dog?

If they are working so much that they have to hire someone to watch his dogs then that is a problem. Why get a dog if you are working and travailing all the time. I'm away for my house for 10 a days with commuting. Do I get a dog no!

 

[bearxor]

If you worked a hundred hours a week, how much time do you think you'd have to worry about walking your dogs, finding someone to take them when you were away, taking them to the vet, etc. The reason they're spending $17,000 on them is because they are outsourcing all this stuff. So you think that just because someone works a hundred hours a week they shouldn't have the pleasure of the companionship of a dog?

Then you get in to trickle-down economics, right? If he's paying someone to take care of these things while he's working, he's creating a job for someone else.

This is going to get moved to P&N, right?

 

[ImpulsE69]

Imagine that...a banker that doesn't know how to handle his own finances and live within his means.

"People who don't have money don't understand the stress,"

Priceless. Pun intended. Common sense says you don't rely on your bonus for your living. Guess he should just be thankful his bank was bailed out by the government and he still has a job.

 

[GotIssues]

While I'm an advocate of a more progressive tax structure, and worry more about the problems of the middle and working classes than the upper class, I'll say this: if you can't feel any compassion for someone who has experienced a severe reduction in salary and has to make painful adjustments because of it, you should not expect any sympathy from anyone else if the same happens to you.

Many people have had to deal with these sort of things. I got laid off, I made plenty of sacrifices, cut tons of expenses. If they weren't complaining about losing their dog nannies and vacation homes, I'm sure more people could have some sympathy for them. However, for those of us that went through actual tough times and made real sacrifices, those who have lost their only homes, and those that still aren't on their feet, you'll be hard pressed to find any sympathy to give to these jokers.

No one on these forums is starving, so spare me your indignation. By and large, these people went to expensive private collages, and that's where they made their social connections. That means that their friends live in Greenwich, SoHo, or Madison, that means that their friends' kids, who are likely their kids' friends, are going to expensive private schools. Many of them are to top earners in their family, do you think their family/friends ask them for favors, expect them to pay for dinner, etc.?

So? No one even cares about how much money they make. It's their complete lack of perspective on the world that is causing people to make fun of them and have no sympathy. I'd have the same lack of sympathy for someone who makes $30k/year, having trouble paying rent, but just went out and bought spinners for his pimped out Caddie.

You'd be surprised, most of these jobs are very specialized. There are people in the financial industry that make seven figures and have no savings. It seems strange but it's common. And yes, they are very good at their jobs.

You can be good at your job and crap when managing personal finances. I know plenty of people like that.

Probably 90% of the people that make these kinds of salaries have the good sense to realize that they will never get sympathy, so when they get questions about having to deal with bonus cuts, they just say something like "I'm just grateful to have a job etc.etc." The writer found some folks in the other 10%.

It's the 10% in the article that's getting made fun of.

I'm not entirely sure why you feel the need to defend these people in the article as much as you are, but you aren't even getting the point. It's not how much they make, it's that they are complaining about stupid crap they'll have to sacrifice as if it's such a huge sacrifice. Sorry, but a middle class family having to decide between paying their mortgage and buying food to feed their family is a lot different than giving up your second home or having to walk your own dogs.

 

[AMDZen]

I wish I could meet this guy and buy him a drink. And then punch him in the face. And then run like hell lest he sue me for whiplash

 

[janas19]

I wish I could meet this guy and buy him a drink. And then punch him in the face. And then run like hell lest he sue me for whiplash

You sound more conflicted than me!

Lol. 😛

 

[HumblePie]

Imagine that...a banker that doesn't know how to handle his own finances and live within his means.

"People who don't have money don't understand the stress,"

Priceless. Pun intended. Common sense says you don't rely on your bonus for your living. Guess he should just be thankful his bank was bailed out by the government and he still has a job.

As state, a bonus is just that, BONUS. Not something to be relied upon. They took a 25% decrease this year in bonuses from the previous year. Whoop dee frikking do. They current level of income based off salary has remained un touched. Are these people in the financial sector suppose to know this shit? I mean these are the same people selling their ideas about doing the "correct" thing to others but can't be held accountable to what they preach. Then the expect pity from everyone else? Morons.

I was able to get by when I was making minimum wage for a long time. Not that I was the happiest in life, but I was by no means that unhappy either. I have move up significantly since that time I was making minimum wage and have done so because there are things I want in life. Not need, but want. But even if not all my wants are fulfilled, I'm still quite happy at this point in life. Do I want more than what I have? Sure! I mean who doesn't really? Life without wants is a life without ambition. But I don't base my happiness upon lack of instant gratification of all my wants as they come up. Only retarded rich people do. Sometimes the joy of patiently waiting to get the gratification from fulfilling a want makes me much happier than I would have been had I gotten what I wanted instantly. Overall, I think that is why I am happier now in my life. I worked hard to reach where I am and I knew it wouldn't be a quick journey to get here either. So because it wasn't quick, I am much more proud and happier of what I've achieved.


The worst part is I know people describe in this article. They are pompous asshole for the most part. Every one of them.

 

[Blackjack200]

If they are working so much that they have to hire someone to watch his dogs then that is a problem. Why get a dog if you are working and travailing all the time. I'm away for my house for 10 a days with commuting. Do I get a dog no!

Highly comped people do this with eveything. They hire someone to take care of their garden, watch their kids, walk their dogs, wash their cars, come maintain their homes, do their taxes. I really don't see it as all that different from me hiring people to make my clothes, grow my food, etc. It's just a question of degree.

I don't have a dog for the same reason you don't, I'm away from the house too much. I wish I could afford to hire someone to come around and take care of it for me, though, honestly I think that's a better way to spend money than many other things people do.

Then you get in to trickle-down economics, right? If he's paying someone to take care of these things while he's working, he's creating a job for someone else.

This is going to get moved to P&N, right?

I suppose. I'm not a big believer in trickle down, and even if I was I doubt that I'd care that much about how many dog-walking jobs are being created.

 

[Sonikku]

"People who don't have money don't understand the stress,"

I think this is the mentality that drives so many Americans trying to provide desperately for their families in hard economic times so batty and angry at the top percentile.

 

[soulcougher73]

These are the kind of people i wish society was fine with allowing me to shoot them in the face 🙂

 

[Blackjack200]

Many people have had to deal with these sort of things. I got laid off, I made plenty of sacrifices, cut tons of expenses. If they weren't complaining about losing their dog nannies and vacation homes, I'm sure more people could have some sympathy for them. However, for those of us that went through actual tough times and made real sacrifices, those who have lost their only homes, and those that still aren't on their feet, you'll be hard pressed to find any sympathy to give to these jokers.

Yes, and for every person that lost their only home and had to rent an apartment, there's also someone that lost their apartment and is out on the street. There is always someone out there that has it worse than you, and to whom your complaining sounds terribly insensative.

So? No one even cares about how much money they make. It's their complete lack of perspective on the world that is causing people to make fun of them and have no sympathy. I'd have the same lack of sympathy for someone who makes $30k/year, having trouble paying rent, but just went out and bought spinners for his pimped out Caddie.

That's not analogous. It seems that these people were, for the most part, living within their (considerable) means. It was a sharp cutback that caused the pain. Yes, people will say they should have saved, but you can say the same for lower income people too. It's just as irrelavent. If you have no compassion for others, you shouldn't expect it yourself.

It's the 10% in the article that's getting made fun of.

I'm not entirely sure why you feel the need to defend these people in the article as much as you are, but you aren't even getting the point. It's not how much they make, it's that they are complaining about stupid crap they'll have to sacrifice as if it's such a huge sacrifice. Sorry, but a middle class family having to decide between paying their mortgage and buying food to feed their family is a lot different than giving up your second home or having to walk your own dogs.

I'm defending them because they are being attacked. They made a poor choice in complaining about losing things that most people can't afford to begin with, but that is not the huge sin some here are making it out to be. I think that a person living in a shelter should still fee compassion for the middle class family in your argument, even if he cannot afford what they are upset over losing. We are all human.