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Old 08-08-2007, 07:39 AM
wpr101 wpr101 is offline
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Join Date: Jul 2004
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Default Re: How many online pros average +500k a year in the world?

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All,

Just for a humorous comparison, the average salary of Goldman Sachs's 22,000 employees last year was over $500k. The top 250 Goldman employees averaged about $7M each. Sorta sick how little money there really is in poker.

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There's a lot of variance in this as well. Last year was a record year for GS. Recently there stock has dropped from around 220 to 170, so there's no way they are getting the same bonuses year.

Look at Bear Stearns this year. Two hedge funds gone completely bust and they are saying the credit markets are the worst they have seen in 22 years. If these guys were the supposive geniuses that some say, then how come they didn't see it coming? Everybody is a arbitrage, credit swaps, subprime, leveraged genius when the market is going up, but when the market tanks it's panic city.
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