November 06, 2008 at 14:50 PM EST
Bonus Stockings To Be Filled With Coal
Every November delis pizza parlors and sushi joints throughout Manhattan enjoy a boon to their evening takeout business: Wall Street traders and bankers start putting in late night face time to juice their annual bonuses. Every November that is except this one. The ongoing financial crisis has forced firms around the world to take almost $700 billion in losses according to Bloomberg. As bonus season looms on Wall Street expectations are bleak. Two studies released today by the Options Group and compensation consultant Johnson Associates will detail just how bad things are. Estimates vary but Wall Street bonuses will likely ...
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