Wall Street Bonuses Grew 15% in New York, DiNapoli Says
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Wall Street’s bonus pool rose 15 percent to $26.7 billion in 2013, fueled by compensation deferred from prior years, according to estimates by New York state Comptroller Thomas DiNapoli.
Employees took home an average bonus of $164,530 last year, the most since the 2008 financial crisis and the third highest on record, DiNapoli said in a statement today. The bonuses rose even as profits from broker-dealer operations of New York Stock Exchange member firms fell 30 percent to $16.7 billion in 2013.