50% drop in Wall Street bonuses? Yup. Here it is:
http://biz.yahoo.com/rb/080929/business_us_newyor…
Good thing we love our work so much that we'd do it for free...
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Remember those "industry guys" in the other topic claiming bonuses wouldn't be affected!
Well at least they will have a job.
word.
Remember all those "finally someone who knows what they are talking about" guys in the other thread claiming bonuses wouldnt go down because ROE would remain robust?
Right...
I believe everyone came to the general consensus that bonuses would go down in the short term. Most people were debating whether they would be the same in the long term.
Exactly. In the short term they will definitely go down because of the economy.
No one ever provided a good reason why they will systematically drop (becoming a bank holding company does not count at all--people at JPM, Citi, etc. always got the same comp as those at independent banks).
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