Wall St. Pay Expected to Fall 20% to 30%

OMG Wall Streeters will have to learn how to make do with $6 million instead of $10 million.

THE SKY IS FALLING!!!!!!

Wow - Wall Streeters will get paid less to continually rip off the American people? Unbelievable! Just look at how hard these smartest of smart worked to leverage themselves out on European Debt even more than they did on mortgages. These brilliant hard workers should be rewarded even more and pay no taxes because the rest of the world depends on how smart they are!

Fully agree.

I talked with a major high end broker today who barely blinked during the 2008 downturn, was forever optimistic about the market even back then. So when I asked him about the market now, I expected the same upbeat news --afterall, the very wealthy don't really care about market trends. They just buy what they want when they want it. I was surprised to hear him say that things were slowing down and this was the first time he has felt it since 2008. I think the bonus bust will have affect on Manhattan this year.

apt23 manages once again the anonymous equivalent of name dropping. She's so important.

what about -100% , so they have to return their previous one!

Averages are funny and mis-leading. If you have a client base that brings money, you can always name your salary. If you were just some cog that brought an important skill at an important time and that no longer fits what's needed then....SOL

kind of half like you. not funny, but definitely misleading.

hey, columbiacounty, the old coot who can't hit those dang rabbits no more.

Oh no, Mr. Bill!

http://www.cnbc.com/id/45218233

There are still significant parts of Wall Street that actually do what Wall Street was intended to do ... finance main street. That part of Wall Street is doing well.

By "financing main street" you mean do little more than a credit card processor then taking overly egregious fees that ultimately hurt and possibly bankrupt the business you are financing? Mitt Romney style capitalism!

Banking is supposed to be boring.

Boring is subjective.

mario batali's pay is about to get a lot worse

Marco,
For Mario it was all worth it.
WSJ pictorial drew him AS IF he was slim, fit and handsome.
For a guy with more Chins than Chinese phonebook...WSJ shows just one.

Cook'in is hard work.
Drawn like a Greek G-d on the cover of the WSJ for taking pot shots at evil financial doers.....priceless.

Mario has some grovelling to do - it's not just anybody who'd pay $49.99 for spaghetti and meatballs.

hahah yeah he is pretty rough lookin. now i feel bad for the people that work at those places

Fear not for his pocket.
A case of hypertension you could spot on a satellite photo in orange clogs.
When your vascular system looks like an IED, you say what you want.
The food is amazing...good time to try to get a table....maybe a birthday treat?
More meatballs for me.

I know Mario from years ago. Let me tell you it would make me so happy for him to lose some of his income. I have many stories I can't post on here. Just a little tidbit if you didn't know - he married his wife for money and she was the coach bags and now coach farm heiress. Maybe not a Walmart type heiress but she had lots of money in comparison to him. He leveraged the marriage to his benefit to the max.

Good for him!

It would be fine if he weren't such an ass.

His wife was the bigger one.

> New news: somewhereelse, aka Eddie Wilson, has been trolled. Happy Days are Here Again!

Woo-hoo!

old news old effect? watch the studio & 1 brd room apt in the city tumbles further. sales of those units have direct link with wall st. bonuses, especially the coop buildings. re: 2009

god help us all, the mahattan bubble is coming.