That's it with large expenses !!!!!! ... here is a news that came out yesterday:
New York: Crédit Suisse First Boston Tells Bankers to Cut Spending on Deal Trophies, Celebration Dinners.
"Given current market conditions," said co-heads of investment banking Tony James and Chuck Ward in a memo yesterday to their employees around the world, "Try to keep dinners below $10,000, particularly when no travel is involved."
... and we are talking US $ here !