Wall Street bonuses could be healthy

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Fears about the impending bonus cuts on Wall Street this year may have been blown out of proportion, considering the big firms have stashed away $94 billion for bonus payouts and other compensation expenses through the first three quarters of 2007 -- up from $86 billion for the same period in 2006, a record year. Consulting firm Johnson & Associates expects many Wall Streeters to at least match last year's bonus, if not get 5 to 15 percent more. A commodities trading managing director could receive a $5 million to $7 million bonus, on top of a $200,000 base salary; a managing director doing mortgage-backed securities might see bonus cuts from $2.5 million in 2006 to $1 million this year. more [Forbes]

 

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