wall street pay

Why Wall Street Paychecks Dwarf Those of Most Americans

Why is that so -- when the average worker hasn't enjoyed even a small raise? That's because Wall Street enjoys at least four major advantages that other industries can only dream about, including an implied backstop against losses by the federal government.

Bankers Expect a 7% Drop in Bonuses

Bankers worldwide are expecting smaller bonuses this year. Still, they will be hard pressed to find much sympathy as their base salaries were boosted -- in some cases doubled -- this year to compensate for the lower year-end bonuses.

Morgan Stanley to Trim 2010 Bonus Pool by 10% to 25%

Morgan Stanley is reportedly planning to pay out 10% to 25% less in bonuses this year to its employees, an effort to cut costs as it deals with volatile market conditions. The cuts are slated to affect traders, back-office staff and other employee groups, but perhaps not unusually strong performers.

Wall Street Compensation to Hit New High

Pay on Wall Street is on pace to break a record high for a second consecutive year, growing 4% in 2010 at nearly three dozen of the top financial institutions.

Kenneth Feinberg Tries to Shame Wall Street

A new report from pay czar Kenneth Feinberg looks at compensation practices at 17 banks that received federal bailouts, and it's not a pretty picture: The banks made an estimated $1.6 billion in "ill-advised" payments.