Monday, November 5, 2012

Wall Street Pay Rises




According to the WSJ Wall Street pay will bounce in 2012 from last year's sharply reduced levels, but bonuses will be lower and have more strings attached than before the financial crisis, the latest tally of finance-industry compensation shows.

So-called incentive-based pay, which includes cash and stock awards, is set to be flat to up 5% to 10% from a year earlier, according to a forecast set to be released Monday by consulting firm Johnson Associates. At the same time, financial firms are keeping a lid on cash outlays by deferring more pay and trimming their workforces……

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