Wall Street Bonuses May Surge 20% This Year, Consultant Says

Wall Street bonuses hit bottom and are poised to rebound about 20 percent this year as markets improve, according to Alan Johnson, president and founder of compensation consulting company Johnson Associates Inc.

“The major wall street firms have cut enough of their costs that it doesn’t take much in the way of increased revenue to generate significant profits or pay,” Johnson said in a telephone interview today.  “A percentage increase off a smaller number still isn’t a huge number.”

Bloomberg / March 18, 2012

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