Wall Street Bonuses May Drop 30%

Nov. 28, 2011 – According to two compensation surveys, bonuses at “big Wall Street firms could see annual compensation sink” from 27% to 40% less than the previous year, report Brett Philbin and Melissa Korn.

“An investment-grade bond trader who is a managing director at a top securities firm is likely to make $1.7-$1.8 million in 2011, according to the study. That is down from $2.9 million,” the Wall Street Journal article said.

There was no word about whether the Occupy Wall Street demonstrators recognized this earnings drop as an indication that the top 1% of income earners “share their pain.”

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