“For the first time in decades, inflation has a significant impact on real compensation outcomes,” according to the report.
The consumer price index rose 8.5% between March 2021 and 2022, and rising interest rates are putting the brakes on corporate deal making.
The latest figures reported by Johnson represent a dimmer outlook for the year than the firm forecasted in 2021.
“I don’t think [bonuses] are going to up as much next year,” Managing Director Alan Johnson told CNBC in 2021.“But the view is ’22 will be a really good year.”
Banking Dive / May 6, 2022