Alan G. Hevesi, the New York state comptroller, announced on Wednesday that Wall Street bonuses are estimated to hit a record $21.5 billion for 2005. These record bonus were driven by profits at large banks, such as Goldman Sachs, Bear Stearns and Lehman Brothers. The average bonus was a record at $125,000; previously the peak was $114,270 in 2004.
Now is the reason why I and so many of my friends decided to go into business, and investment banking in particular?
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