Wall Street workers, whose bonuses and year-end incentives fell by as much as 30% last year, will see slightly bigger bonuses and stock awards in 2012.
“The recovery in financial services continues to be a struggle, and while incentives will be modestly up, few professionals will have reason to cheer,” says Alan Johnson, managing director of Johnson Associates. “The bonus season will be rightfully subdued.”
But given that bonuses were slashed by as much as 30% in 2011, even flat to slightly higher bonuses “is notable” because it signals an ongoing recovery of financial markets, Johnson adds.
USA Today / November 5, 2012