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High-Frequency Programmers Revolt Over Pay

Posted by kdawson on from the crying-all-the-way dept.

An anonymous reader writes "Programmers who design and code algorithms for investment banking are unhappy with their salaries. Many of them receive a low 6-figure salary whereas their bosses — who manipulate these algorithms and execute the trades — often earn millions. One such anonymous programmer points out that he was paid $150,000 per year, whereas the software he wrote was generating $100,000 per day."

7 of 1,018 comments (clear)

  1. waaaaaaambulance by pak9rabid · · Score: 0, Redundant

    So...if they think they're underpaid, go somewhere else...

  2. Or whine with the cheese? by Cornwallis · · Score: 0, Redundant

    Sounds like somebody should change careers!

  3. Re:Somebody call the waaaambulance by Pojut · · Score: 0, Redundant

    Would you like some waaaaaaaaaaaaaasabi to go with that burger?

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    Living With a Nerd
  4. If it's so easy by fridaynightsmoke · · Score: 0, Redundant

    Why don't they use their own programs to trade and make the big bucks then?

    If it's not that easy to turn 'their' code into flowing rivers of cash, why don't they STFU and either do the job they're being paid to do, or decide that it isn't worth it and do something else??

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    This is a substitute for a clever sig that fits within the maximum number of characters.
  5. Re:Somebody call the waaaambulance by jeffmeden · · Score: 0, Redundant

    The waaaambulance is on it's way, but the bridge over the Crymeafuckin river is out!!! It won't get here in time!!!

  6. Re:Somebody call the waaaambulance by kmankmankman2001 · · Score: 1, Redundant

    Read. The. Fine. Article? What, are you crazy, this is the 21st Century and NOBODY reads articles anymore - everything they need to know is supplied to them via a catchy headline and maybe a tweet from somebody "cool" - because anything that can't be conveyed in 140 characters or less simply isn't worth knowing. I mean if all these people typing "waaaaaa" had actually bothered to read the article they'd know these guys have moved on, invested in themselves, and are taking the risks themselves but making big bucks as a result. Good for them. Ooooh, gotta go, somebody just tweeted me that LiLo is getting released today - I sooooo have to know who's going to do her makeover.

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    "The bigger the lie, the more they believe." - Det. Bunk
  7. Get a Union by Doc+Ruby · · Score: 0, Redundant

    Workers get to keep more of the money their labor produces only when they organize and work together to keep it. That's what unions do. Without unions, we'd all be replaceable by those privileged to be bosses, through their old boy networks.

    When programmers have a working labor union, it'll be harder for bosses to keep 99.9% of what the programmers produce, while programmers work 60 hour weeks.

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    make install -not war