With the economy still struggling, Wall Street workers are
expecting the worst bonus season since the crash of 2008. State Comptroller Thomas DiNapoli estimates
that the average bonus this year will be $101,000 — a 16.5 percent decline from
last year and almost a 50 percent decline since 2006, when the average was
$191,360.
Last week, the downsizing continued. Citigroup moved to fire
as many as 150 employees in its trading and investment-banking unit amid
expectations of company-wide bonus reductions of as much as 10 percent. Execs at JPMorgan, the largest Wall Street
bank by assets, told Bloomberg that its bonus pool will be off by at least 2
percent. The analyst firm Options Group anticipates that almost one in five
Street workers won’t get a bonus at all.,,,,
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