Daily Archives: June 23, 2020

Wall Street Bonus Forecast Not as Dire as in May

The latest survey by compensation consultant Johnson Associates predicts that financial services pay will be slashed by 15 percent to 20 percent in 2020 — a vast improvement from the 30 percent cuts the same survey predicted in mid-May. “We’ve dug halfway out of the hole,” the report’s author, Alan Johnson, told The Post. “But…

Wall Street Likely to Cut Bonuses 15-20%, Make Significant Layoffs -Report

Incentive compensation will be under strict scrutiny this year and will take into account companies’ performance during the coronavirus crisis and the Black Lives Matter movement. This scrutiny will extend to chief executives’ compensation at public companies, Johnson wrote. “With the impact of COVID-19 and recent focus on justice and equality, it will require a…