Wall Street Bonuses to Rise
Incentives at financial firms should rise from 2009 levels but remain below the record payouts of 2007, according to compensation consultant Johnson Associates.
Average compensation at investment and commercial banks is set to rise for the second straight year, while payouts at asset managers should rebound from a 2009 trough, the report said.
I’m torn between defensive sarcasm—“Of course Wall Street bonuses should rise this year! I can’t think why not, can you?”—and crawling under a rock and not reading the news for a few days.
Tags: Wall Street
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