• 09 Oct 2012 at 4:46 PM

Bonus Watch ’12: Now With Less Cash

According to “revenue compensation trends,” though good vibes and happy thoughts could prove them wrong.

Wall Street’s cash bonus pool is likely to fall for a second straight year as the financial industry grapples with market turmoil, economic weakness and new rules, New York state Comptroller Thomas DiNapoli said. Revenue and compensation trends have “edged downward” since February, when DiNapoli estimated that the 2011 pool for Wall Street declined by 13.5 percent to $19.7 billion, the comptroller said today in a report. “Based on those trends, the total cash bonus pool for work performed in 2012 is likely to decline for a second year in a row,” DiNapoli said in a statement. The last time the pool shrank for two consecutive years was in 2007 and 2008, at the beginning of the global financial crisis, according to the comptroller’s office.

Wall Street Bonus Pool Seen Shrinking for Second Straight Year [Bloomberg]

Comments (12)

  1. Posted by A Male | October 9, 2012 at 5:03 PM

    I was in a pool!

    A. Vandelay, Shrinkage Quant

  2. Posted by Wall St. Dude | October 9, 2012 at 5:04 PM

    Is this genius adjusting for the contraction in financial services workforce?

  3. Posted by GUESTAPO | October 9, 2012 at 5:05 PM

    But enjoy this jelly of the month club membership! It is truly the gift that keeps on giving.

  4. Posted by Clark | October 9, 2012 at 5:14 PM

    that it is, edward

  5. Posted by Guest | October 9, 2012 at 5:14 PM

    Was that picture really necessary? Crying, sure. But a flip phone!?!?!….. Never.

  6. Posted by reality | October 9, 2012 at 5:27 PM

    Probably not, much easier to claim a political victory in punishing the banksters!

  7. Posted by Clark, take two | October 9, 2012 at 5:47 PM

    Where do you think you're going? Nobody's leaving. Nobody's walking out on this fun, old-fashioned bonus season preview. No, no. We're all in this together. This is a full-blown, four-alarm compensation emergency here. We're gonna press on, and we're gonna have the hap, hap, happiest payday since Ben Bernanke tap-danced with Jimmy fucking Cayne. And when Lloyd squeezes his fat white ass down that chimney tonight, he's gonna find the jolliest bunch of assholes this side of the nuthouse.

  8. Posted by laxbreh | October 9, 2012 at 8:02 PM

    That's how bad bonus's were

  9. Posted by Jerkoff | October 9, 2012 at 8:49 PM

    They hafta pay large bonuses.. I mean. The talent. How can they retain the talent. Theyre so talented. And add so much economic value

  10. Posted by OWS Organizer | October 10, 2012 at 10:33 AM

    Get back out there – those bongos aren't going to bang themselves!

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