Average Wall Street Bonus Down 9%

dmag, did you have your corn flakes yet this morning? How many people have been saying that "REAL ESTATE ... only goes up in NY, not down"? Can you provide a link to a recent comment supporting this statement?

http://streeteasy.com/nyc/talk/discussion/25411-average-wall-street-bonus-down-9

clever. if there were support.

Shhh... nobody tell SteveF.

dmag, have you been holding in this animosity about being wrong about the NY real estate market for 2 or 3 years now?

From NY Mag:

The average cash bonus on Wall Street last year was $128,530 — a 9 percent drop from 2009. But there's no need to break out the world's smallest violin. Bonuses might be shrinking, but a report issued by State Comptroller Tom DiNapoli shows that overall compensation was up 6 percent in 2010 with Wall Street wages climbing 21.9 percent in the first half of 2010 compared to the same period the previous year. DiNapoli says that rather than a sign of weakness, reduced bonuses indicate that “Wall Street is changing its compensation practices in response to regulatory reforms adopted in the aftermath of the greatest financial meltdown since the Great Depression.

Compared to the previous horrible year?
Compensation is still down MASSIVELY off of bubble times.

"dmag, have you been holding in this animosity about being wrong about the NY real estate market for 2 or 3 years now?"

LIC, be careful now... sounds like you are talking about yourself.

for perspective.. bonuses were 40% higher in 2006.

read deeper re current times--tax revenues based on wall st profits/comp waaaaaaay off vs last year and waaaaaaaaaaaaaaaaaaaaaaaaaaay off vs bubblicious 2006

all good for LIC real estate hahahahahaha

Wtushy!

Wtushy, you complain a lot of Long Island City real estate, does your "girlfriend on Brooklyn" know how you feel about the outer-boros?

Here is the part that LIC left out...

"Before the start of the financial crisis, income tax collections from Wall Street-related activities accounted for as much as 20 percent of New York State's tax revenues. The contribution declined to 13 percent this year."

and, remember, its 13% of a smaller pool.

In terms of NYC, this is big-time down.

cash bonus?? it was trendy in 'o9 to rec've $2 cash salary and bonus, and ISO options on the side when dow was at 9k....

..of course the ploy was to convince main street that cash salaries were down.. now that dow's at 12k, and options vested... its time to exercise contracts and go shopping for a new rentboy for the wkend.

"10 Banks Where Layoffs Are Looming"

"JPMorgan Chase (JPM) has been cutting down several businesses as it revamps its strategy."

http://www.businessinsider.com/10-banks-with-looming-layoffs-2011-2

I will GUARANTEE you new yorkers will loose your entire net worth in real estate!!! Each and every one, and to the full extent of your down payments. Such a fun game. Because you are behind the rest of the country, you think you are ahead. You are actually behind, but think you are ahead. I can't repeat that enough. YOU ARE BEHIND ON THE DECLINE, BUT THINK YOU ARE AHEAD!!! That is INCORRECT!!! THERE IS NO OTHER WAY TO TELL YOU THAT YOU SHOULD SELLLLLLLLLLLLL!!!!!!!!!!!!!!!!! THIS IS YOUR FINAL WARNING.

By the way I promise that I will copy and repost that last post every day, week, or month, depending on how I feel, just to rub in how wrong anyone who has recently purchased a property in nyc was. Keep buying, suckers

Promise.

it hurt me

Wall Street's contribution to the City's budget has declined from 13% of City tax revenues to 7%

http://www.osc.state.ny.us/press/releases/feb11/022311a.htmercent

http://www.osc.state.ny.us/press/releases/feb11/bonus_chart_2010.pdf

[img]http://www.osc.state.ny.us/press/releases/feb11/bonus_chart_2010.pdf[.img]

[img]http://www.osc.state.ny.us/press/releases/feb11/bonus_chart_2010.pdf[/img]

this is a very simple blog software LOL

http://www.youtube.com/watch?feature=player_embedded&v=AVWB9SnQlP0