Wall Street Bonus Season Update

by Derek Loosvelt | January 10, 2011

Tis the season for bonus announcements and, to that end, there are two major pieces of news to note related to incentive packages for all the hard work completed in 2010:

(1) According to Fox Business News correspondent Charlie Gasparino, bonuses will be skimpier this year versus last at J.P. Morgan as well as at other big investment banks. Chuck points out that although big bank bonus pools are larger this year versus last, firms now have more mouths to feed and thus the cash (and stock) will be spread over more employees. (FBN)

(2) Goldman Sachs, the investment bank everybody loves to hate as of late, is apparently announcing its bonus figures on Thursday, January 20th. (Dealbreaker)

Filed Under: Finance


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