Wall St. Salaries Seen Rising As Bonuses Fall


	Wall St. Salaries Seen Rising As Bonuses Fall

Forbes Markets

3-12-2009 7:02 PM

430 views

tags:

executive compensation, wall street pay, bonuses

Forbes Markets says:

Wall St. pay seems to be a win-win--for Wall Streeters at least.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7d757571-daec-409c-90ee-1d6d8a4df4e2/D43A097E-D757-461D-BC1C-AC8DCCA3113D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.reuters.com/article/businessNews/idUSTRE52B4II20090312?feedType=nl&feedName=usdai" href="http://www.reuters.com/article/businessNews/idUSTRE52B4II20090312?feedType=nl&feedName=usdai" style="font-size: 11px;">www.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.reuters.com/article/businessNews/idUSTRE52B4II20090312?feedType=nl&feedName=usdai"><P>NEW YORK (Reuters) - With bonuses under siege, annual base salaries for Wall Street's bankers, traders and other employees could jump as much as 100 percent this year, compensation consultant Alan Johnson says.</P><SPAN id="midArticle_1"></SPAN>
<P>Lavish investment bank pay has been challenged after the collapse of financial markets last year forced the U.S. and other governments to bail out banks and brokerages. As a deepening recession weighs on taxpayers, out-sized bonuses are difficult to defend.</P><SPAN id="midArticle_2"></SPAN>
<P>That will force banks, who still want to retain and recruit the best, to boost salaries. Johnson made his comments in a presentation to the Wall Street Compensation and Benefits Association last week.</P><SPAN id="midArticle_3"></SPAN>
<P>An executive who received $250,000 in salary, for example, may now get paid as much as $600,000 a year.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D43A097E-D757-461D-BC1C-AC8DCCA3113D/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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