Bonus Watch ’16: Enjoy Your Crumbs

Wall Street profits rose by 21%. Your bonus? Not so much.
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Your share. By Shane Adams from Olathe, KS, USA (The Bucket Aftermath) [CC BY 2.0], via Wikimedia Commons

Your share. By Shane Adams from Olathe, KS, USA (The Bucket Aftermath) [CC BY 2.0], via Wikimedia Commons

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.

Wall Street profits rose 21 percent in 2016, bonuses up 1 percent: report [Reuters]

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