A sigh of relief came from the 17,291 global-wide financial advisors at Morgan Stanley last Friday when a spokeswoman from MS told OnWallStreet that advisors would not be included in the cuts planned for the first three months of 2012. (A Bloomberg story had broken the day before that 1,600 jobs would be eliminated.) According [...]
End of Year Bonuses Likely to Drop for Investment Banks
December 14, 2011 By Leave a Comment
Although final decisions are weeks away, some reports issued recently are predicting that average 2011 bonus compensation at global investment banks will drop 15% to 30% from last year.* ( At the same time, compensation in the rest of corporate America is rising, mostly due to aggressive cost cutting.) Banks, too, have been cutting back [...]
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