Bonus Withdrawal Puts Bankers in “Malaise” (Bloomberg)

[Lucky Luciano]

http://www.bloomberg.com/news/2012-02-29/wall-street-bonus-withdrawal-means-trading-aspen-for-cheap-chex.html

Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off the satellite radio, got out of the car and screamed a profanity.

“I’m not Zen at all, and when I’m freaking out about the situation, where I’m stuck like a rat in a trap on a highway with no way to get out, it’s very hard,” Schiff, director of marketing for broker-dealer Euro Pacific Capital Inc., said in an interview. Andrew Schiff, director of communications and marketing at Euro Pacific Capital Inc. Source: Euro Pacific Capital Inc. via Bloomberg
.
Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex. “I feel stuck,” Schiff said. “The New York that I wanted to have is still just beyond my reach.”

“People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”

[Scuba]

1. OMG, not Malaise!!! Sure hope she's OK.

[The Velveteen Ocelot]

2. My heart fucking bleeds.

[meow2u3]

4. So do my hemorrhoids

[tridim]

3. This must be from the Onion.

[tech3149]

5. You really have to read the whole article to see how twisted these people are

I saw this sort of perspective shift with my ex on a much smaller scale. After years of being an exec, she started to act like she deserved a level of privilege not offered to the rest of us. She would spend outrageous amounts of money on the most stupid shit.
If she went shopping and didn't get the slavish bowing and primping she thought she deserved cshe'd go off on anyone around.

[ScottLand]

6. I never knew how lucky I was not to have any money!

But as a show of my incredible generosity, I will volunteer to change places with either Mr. Schiff or Mr. Dlugash. I can do better than you with your money, gentlemen, because I have what you do not .... (look these words up) ... class, a conscience, dignity, humility, and a firm grasp on reality.

[beac]

7. The phrase "boo fucking hoo" leaps to mind.