Big bonus year on wallstreet?

Noah,
Any insight into what year-end 2009 bonus is shaping up to be? We are 5 months into the new year already! Thx.

its not gonna be good. banks still making up lost ground from last year. no way will there be big payouts from fear of public outcry. probably lookin at lots of stock and deferred comp of some sort.

marco, i wasn't asking you but thx for playin!

Steve, as an insider, I will give you my .02 worth. Many will make serious dough, many will have their best years ever. Remember, last year JPM and GS got paid a fair amount in the form of stock. Those awards were struck at pretty low levels. I think JPM was at 19 and GS was in the 90's. This could help psychology.

My biggest question marks and there impact on RE values revolve around the following questions.
1. HOW MANY people will get nice awards. It just won't be enough bodies getting paid big numbers.
2. How many of these high earners are already high earners and have nice apts already.
3. What percentage of these upcoming high earners don't even live in Manhattan but reside in CT, LI or NJ.

"Bank Profits from Accounting Rules Masking Looming Loan Losses"

http://www.bloomberg.com/apps/news?pid=20601109&sid=alC3LxSjomZ8

but p09 is correct. some will still make a pretty penny. but there won't be the huge numbers of younger people capable of and prepared to buy the units this market needs to keep the chain going.

i'm in financial services and i'm sure some will get significant bonus's next year, providing they pay the tarp money back-- however it won't be the 28 yr olds -- it will be the exec's -- also almost everyone in financial services lives outside nyc. so i wouldn't cling to wall street bonus's as the saviors of the RE market in ny. it's going to drop further due to a variety of reasons.

don't get soo excited about goldman they got the money from aig (who insured all those toxic assests)

"also almost everyone in financial services" ... ???
It seems that almost everyone living in Manhattan works in financial services.

anyone with credibility to give us an idea?

steveF: give it a rest jackass

dude..even if stocks rip from now till january, its gonna be barely up to flat from last year. sorry to say that no $$ is just going to magically appear.

oh steveF.. did you call for me? bonus suckie suckie this year... next... and the next... (on average for those who haven't moved to the glorious world of food services)...

SteveF is ignoring the last article he posted, which notes that bonuses would be limited.

And, yeah, he tried to spin THAT one as a positive, too.