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8/10/2016 1:06 pm  #1

I almost feel sorry for them

On second thought . . . Nah, I don't feel at all sorry.

Wall Street bonuses expected to decline for bankers, traders: report

By Olivia Oran

(Reuters) - Wall Street bonuses are expected to decline this year for both bankers and traders, compensation consulting firm Johnson Associates Inc. said on Wednesday.

Year-end compensation will down 5 to 15 percent for investment bankers that advise on mergers and acquisitions, according to the most widely followed report concerning compensation on Wall Street. Bankers who help companies raise equity and debt could see their compensation fall as much as 25 percent.

Compensation for both stock and bond traders could fall as much as 15 percent. While many banks posted a rise in fixed income trading during the second quarter, Wall Street firms have watched bond trading revenue fall for about seven years as new regulations on trading and capital have curbed profits.

Banks are setting aside less money for pay. Goldman Sachs Group Inc <GS.N>, for example, cut compensation and benefits expense by 13 percent during the second quarter.


8/10/2016 2:15 pm  #2

Re: I almost feel sorry for them

Almost ! 

"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"

8/10/2016 3:24 pm  #3

Re: I almost feel sorry for them

What's a bonus? Is that extra money that executives get for exceptional performance, or is it extra money that executives get just for showing up to work, regardless of performance?

Seems the latter is today's definition.


8/10/2016 7:16 pm  #4

Re: I almost feel sorry for them

It sorta works like this, Man:

I sit on the board of the company you own.  You sit on the board of the company I own.  We're both CEO's.

Ok, it's time to have meetings to decide who might get bonuses from our respective companies.  We vote as board members to decide who 'deserves' a bonus.  You take it from there and connect the dots.

Surprise!  We both get a bonus. 

Last edited by Just Fred (8/10/2016 7:17 pm)


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