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

BBC:

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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#bailout#banking industry#bonus#compensation#economy#executive#taxes#wall street