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Wall Street Cash Bonuses Fall

Started by jason10006
over 15 years ago
Posts: 5257
Member since: Jan 2009
Discussion about
"Wall Street Cash Bonuses Fall, Despite Strong Profit Wall Street cash bonuses shrank by roughly 8% last year despite strong profits, according to New York State Comptroller Thomas DiNapoli, reflecting the changing compensation culture on Wall Street...." Unlike Riversider, I do not believe in intellectual property theft so I will not post the entire article, only the link: http://online.wsj.com/article/SB10001424052748703775704576162731016064512.html?mod=WSJ_hp_LEFTWhatsNewsCollection
Response by inonada
over 15 years ago
Posts: 8085
Member since: Oct 2008

"In 2010, financial institutions paid out $20.8 billion in cash bonuses, down from $22.5 billion in 2009. The total was down by more than one-third from $34.3 billion paid in 2006, the golden age of cash bonuses. The 2010 bonus pool was the fifth highest on record."

I kinda miss the broker babble about bonuses we used to get every year right about now...

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Response by huntersburg
over 15 years ago
Posts: 11329
Member since: Nov 2010

Really? You kinda miss it?

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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009

True.... we haven't had a broker babble in a while!

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