wall street bonus downd 35-45 %

it's all public stunt. the total comp is only down 10-15%. obviously the banks said "very austere" just to appease public anger.

I suppose first question for both of you, is what are you sources. Are you referring to any specific bank?

10-15% of total comp implies a lot more down as a percent of your bonus assuming salary unchanged. For example, a 1m total comp with 400 base and a 15% cut in total comp leads to a 25% reduction in bonus.

From my own experience. I am seeing numbers north of 20% on total and the portion held back has increased to a degree.

Actually reading from the last two days I think the public stunt has gone the other way where claims are made that payouts are pretty much where they were last year in total. Which I believe is misleading. They are lower in many ways.

holly1, how is this not good news for buyers?

Buyers have less money

Or should I say than expected

What about buyers who aren't in the finance industry? Believe it or not, those people actually exist in NYC.

ok lets say on average holly1 has a point. but a certain portion of the buyers a dragging down that average.