Millions being handed out, with warnings to avoid excess
In recent weeks, immense riches have been rained upon the top bankers and traders. After a year of record profits, investment houses like Goldman Sachs, Lehman Brothers and Morgan Stanley are awarding bonuses as high as $60 million. And a select group of hedge fund managers and private equity executives may be taking home even more.
That is serious money, and luxury goods markets are feeling the impact.
Miller Motorcars in Greenwich, Connecticut, is fielding more requests for the $250,000 Ferrari 599 GTB Fiorano than it can possibly fill.