Cash Bonuses Down, Compensation Up on Wall Street
Posted on Feb 23, 2011
Big banking execs on Wall Street might have noticed a slight pinch in their cash bonuses last year, but that doesn’t mean those clever business minds didn’t find a way to make up for it through other financial channels. —KA
Cash bonuses for Wall Street bankers fell by 9% to an average $128,530 (£79,259) in 2010, according to New York state Comptroller Thomas DiNapoli.
[...] He also said financial reforms meant a shift toward more deferred compensation and higher base salaries.
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