Coronavirus Fallout Could Cut Wall Street Bonuses as Much as 40%, Expert Says
“The virus is heading us toward a nasty recession,” said Alan Johnson, managing director of Johnson Associates in New York. His firm predicted banks, brokers and asset managers would slash bonuses this year, following a mixed performance in 2019, when private-equity firms held bonuses level or raised them as much as 5% over 2018.
The Wall Street Journal / March 26, 2020
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