Tuesday, November 08, 2011

Wall St. Pay Expected to Fall 20% to 30% - NYTimes.com

Wall St. Pay Expected to Fall 20% to 30% - NYTimes.com:

A large part of me wants to say that this has been a long time coming and unlikely to be the end.

Wall Street bonuses are set to fall by an average of 20 to 30 percent this year from a year ago, according to a closely watched compensation survey. It would be the weakest bonus season since the financial crisis and a reflection of the leaner times confronting the industry

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