Urban Hayride: I Won't Say 'I told you so'

20 September 2008

I Won't Say 'I told you so'

When asked, "What's going to change in our society after this financial crisis?"

You probably won't have so many young people making $200,000 a year working at Morgan Stanley, running to Kinko's to make copies every day.

Comment from the managing editor of Fortune Magazine.

That says it all. This is certainly not the end of unjustified Wall Street salaries, maybe just a brief snap back to reality. Unjustified might not be the right word. People pay for these services, so you Morgan Stanley, or Goldman Sachs can pay whatever they want in salary.

There are simply going to be a lot of young, former I-banking analysts looking for a new career in graphic design...

Sep 20, 2008 1:58:05 PM | Current Affairs, Economy