“Roughly half of all the revenue generated on Wall Street goes toward compensation, and most of it is paid in the form of a year-end bonus. So far this year, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America and Citigroup have set aside $92.49 billion to pay employees, down slightly from $92.81 billion in the year ago period, according to Johnson Associates.”
Highest-Paid California Trooper Is Chief Banking $484,000
This $5 lamp is powered by gravity
Wall Street bonus average falls to $101K
Major banks are seeing lower returns and economic instability in the US and Europe. And employee rewards are taking the hit.
By Kim Peterson Dec 10, 2012 2:44PM
"Bring out the violins. The average Wall Street bonus will come in at just $101,000 this year."
12/12/12 at 11:43
In Defense of the Wall Street Bonus
By Kevin Roose
Approval of US NDAA adds to worries about possible attack on Iran