Call it “Revenge of the Nerds.” According to the NY Post while Wall Street traders and executives are in panic mode, fearing a sharp tumble in bonuses this year will compound their misery after they survived drastic job cuts, many in the back office IT and HR industries will get year-end tidings of joy.
Johnson Associates this week said its latest analysis showed that Wall Street employee end-of-year incentives in cash and equity will dive an average of 20 to 30 percent from 2010. Bond traders could see the steepest reductions -- bonuses off as much as 45 percent compared with last year. The typical managing director could take home $300,000 less this year, or about $900,000, estimates show. Johnson says most, if not all, Street pros will receive smaller bonuses, driven by sluggish markets and economic uncertainty.
Read more: http://www.nypost.com/p/news/business/bonus_questions_4fi1LQ1jyLoTLpt6WuB3sK#ixzz1dfW7ea6S
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