The Magazine of Corporate Responsibility

Tag Archive for ‘Bonuses’

Wall Street Cash Bonuses Fell in 2010; Average $128,530

Cash bonuses paid to New York City securities industry employees declined by nearly 8 percent to $20.8 billion in 2010, as Wall Street firms shifted toward more deferred compensation and higher base salaries, according to an estimate released by the New York State Comptroller. For the average Wall Street worker, however, that still translated into a 2010 cash bonus of $128,530.

VIDEO: Jon Stewart on Executive Bonuses & Taxpayer Money

Jon Stewart of Comedy Central opines on what he says is a difficult-to-comprehend phenomenon: companies that American taxpayers had to bail out with billions of dollars have used that money to reward their employees with bonuses. The logic: “We had to!”