Congratulations, Dealbreaker readers: Your hard work helped your companies post a 21% jump in profits, in part by doing fewer things that find your employers in court. Your reward: A 1% bump in your bonus. You earned it.
Wall Street profits jumped 21 percent to $17.3 billion in 2016, while average bonuses in New York City's securities industry rose by just 1 percent to $138,210, the state's chief fiscal officer said on Wednesday….
Expenses not tied to employee compensation, including legal settlements, fell by nearly $3.8 billion, or 6.2 percent in 2016.