Recession Era’s Deferred Bonuses Paying Off Big for Wall Streeters
From the ashes of the financial crisis emerged a big change in how Wall Streeters got paid. Out went the legendarily massive year-end cash bonuses. In came IOUs.
“People were screaming bloody murder,” recalled Alan Johnson of compensation consultancy Johnson Associates. “They were yelling, ‘Pay me now!’ ”
Crain’s New York Business / November 29, 2014
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