Crains New York;s Greg Daid writes: Yesterday’s blog post
focused on the issue of whether pay on Wall Street is headed down. I included a
chart from the state comptroller’s crucial annual report on the industry which
showed pay rose in 2010 and said we would have to wait for this year’s update
to find out about 2011.
Well, we don’t have to wait, thanks to Marisa Di Natale of
Moody’s Analytics, who crunched recently released data using the same
methodology as the comptroller’s staff.
The results are just amazing. Despite a 72% decline in
profits, the average compensation on Wall Street rose slightly in 2011. Good
thing the Occupy Wall Street movement has disbanded!.
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