Honey, I‘ve shrunk your bonus
Bonuses on Wall Street could be down as much as 10 per cent for some professionals this year, according to a closely watched survey by consulting firm Johnson Associates. Overall, the firm expects 2014 bonuses to be flat compared with last year. However, the size of bonuses varies significantly across the industry. Stock and bond traders, as well as hedge fund managers, are expected to see their incentive packages shrink compared with last year.