Wall Street Bracing for Lower Bonuses for First Time in Years

“It’s a disappointment,” said Alan Johnson, managing director at New York-based Johnson Associates. “It’s been such an uncertain year, a stressful year. Pay is down moderately, but it feels worse.”

The uncertain mood across the industry should continue into 2016, said Mr. Johnson, who predicted many firms would take steps to shrink their workforces again to help lift returns.  “This year will be an inflection point,” he said. “Firms are going to have to look at their cost structures again.”

The Wall Street Journal / November 8, 2015

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