Cash Bonuses Down, Compensation Up on Wall Street
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.
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
TRUTHDIG’S JOURNALISM REMAINS CLEARBBC:
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.
The storytellers of chaos tried to manipulate the political and media narrative in 2025, but independent journalism exposed what they tried to hide.
When you read Truthdig, you see through the illusion.
Support Independent Journalism.
Related Stories
Editorial Cartoons
Editorial Cartoons
Lessons learned from the 2008 financial crisis show that taxpayer-funded blank checks to institutions do nothing to help those struggling
If the president wants the federal government to be able to borrow cheaply, there are far better options than negative interest rates.
The plan for $12 billion in emergency relief is quickly dismissed by some farm-state Republicans, who say farmers want markets for their crops, not government payoffs.
The action comes a day after Yemen’s Saudi-backed prime minister appealed to the kingdom and its allies to save the local currency from “complete collapse.”
Editorial Cartoons
Editorial Cartoons
Lessons learned from the 2008 financial crisis show that taxpayer-funded blank checks to institutions do nothing to help those struggling
If the president wants the federal government to be able to borrow cheaply, there are far better options than negative interest rates.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.