Johnson Associates Annual Financial Services Presentation 2011
Location: Yale Club, New York City
2011 Realities & 2012 Opportunities: A Tough Compensation Transition Continues (Speech)
November 2011
A difficult trading environment contributing to a significant unexpected broad decline in incentive compensation funding by sector and area. Investment banking currently scaled for bigger volumes. Major investment banks projected to be down 20% to 40%+. Commercial banking to be down about 5%. Challenging to manage expectations, decipher market trends and recognize performance, with impact of regulation and public sentiment (Occupy Wall Street and variations).
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