From Dealbook: Wall Street employees may find it hard to
celebrate at bonus time this year. While year-end incentives are expected to be
slightly higher, “the increase will come on top of one of the worst years for
bank pay in recent memory,” DealBook’s Susanne Craig reports.
Bonuses are likely to be flat to up to 10 percent higher,
according to a compensation survey by Johnson Associates to be released on
Monday, Ms. Craig reports. Fixed-income traders, whose bonuses dropped the most
in 2011, are expected to see the biggest gain this year. Top executives, like
Lloyd C. Blankfein of Goldman Sachs, are projected to take in roughly what they
did last year. But the broader context is one of retrenching. “Following a year
when year-end incentives declined by as much as 30 percent, the fact that many
firms are able to keep this year’s bonuses flat or slightly larger is notable,”
said Alan Johnson, managing director of Johnson Associates……
Don’t stop now. Read
all about it at http://dealbook.nytimes.com/2012/11/05/higher-bonuses-in-lean-times/
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