Wednesday, October 7, 2009

Third of Wall St Expects Bigger 2009 Bonus

Bloomberg reports on survey from a leading Career website: “This finding may rile regulators who have concluded that compensation arrangements often created incentives for risk- taking with insufficient regard to longer-term risks.” Of the quarter of respondents who anticipate a smaller bonus, 54% attribute it to their firm’s performance and 20% to a change in pay structure. Citi, Morgan Stanley and UBS increased salaries for some while adjusting bonus policies.

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