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As Bank Profits Plunge, Wall Street Bonuses Fall Modestly

Wed, February 29, 2012 9:41 AM | Tara McMullen-King

While Wall Street’s profits were battered and beaten last year, workers’ bonuses were merely bruised. The total payouts to finance industry employees in New York are forecast to drop only 14 percent during this bonus season, according to a report issued on Wednesday by the state comptroller, Thomas P. DiNapoli. By comparison, profits plunged, falling 51 percent.


http://dealbook.nytimes.com/2012/02/29/as-bank-profits-plunge-wall-street-bonuses-fall-modestly/?hp

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