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November 28, 2011
Stupify Wall Street—2011 Bonuses May Be Down a Third
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ia sources, including The Wall Street Journal, are reporting that executive search firm Options Group is predicting in a compensation study that employees in companies trading commodities, currencies, and bonds may see their bonuses shrink 35% to 40% from last year. Also, equities traders may see bonuses fall around 30%, while investment bankers may see a 14% fall. This bonus cut would significantly lower these workers’ annual income since the bonuses constitute a hefty part of their compensation. The decline is due to sharply declining revenues along with new regulations and a continuing poor economy.
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