This smacks of a entitlement mentality The culture at these firms and on Wall street is that if I work hard I deserve all these perks. Is working long hard hours limited to just these guys? Not hardly. Alot of us have worked hard and barely get by. These guys run companies into the dirt and get rewarded. I have a hard time accepting that.
One misleading piece of info is the part where they play the Morgan Stanley conference call tape. That money they are talking about is not going to investment bankers but to retail brokers that work strictly on commission. The Citi/Morgan Stanley joint venture will not work if all of the brokers leave in mass.....and if they dont pay them a retention bonus then they will leave and get an up front deal from another brokerage firm.