Shocker: Bonuses Will Be Down In 2008

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The Wall Street bonus pool will be even shallower this year, according to the most obvious report ever.

As merger activity slows and banks write down billions of dollars of assets, bonuses for investment bankers and stock and bond traders could decline by at least 10 percent in 2008, while top executive bonuses could fall by as much as 35 percent, according to the report dated May 2.
The credit crisis will mostly affect bonuses for workers directly involved in trading and selling assets like subprime mortgage bonds, the report said.

It's kind of awesome that someone got paid to write that report.
Wall Street bonuses could slide in 2008: report [Reuters]

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