Bonuses on Wall Street Declined 8% in 2010, N.Y.’s DiNapoli Says
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Cash bonuses on Wall Street declined 8 percent last year as financial firms raised base salaries and deferred some earnings, according to New York State Comptroller Thomas DiNapoli.
Financial companies disbursed $20.8 billion in 2010, compared with $22.5 billion a year earlier, DiNapoli’s office calculated in a report based on personal income-tax collections. It doesn’t include stock options or other types of deferred pay.