Wall Stret Journal

"But We Can't Afford to Lose the Talent" and Other Bullsh*t

Attention Wall Street Banks: YOUR EMPLOYEES AREN’T GOING ANYWHERE.  THERE IS NOWHERE FOR THEM TO GO.  PRIVATE EQUITY FIRMS ARE SCREWED, REAL ESTATE FIRMS ARE DEAD ALSO…AS ARE MOST HEDGE FUNDS.  STOP THE BONUSES, YOUR PEOPLE ARE STUCK WITH YOU ANYWAY. _____________________________________________________________________________ As B of A/ Merrill‘s Ken Lewis and John Thain continue to play…