Skip Nav
Gift Guide
20 Affordable Gifts For Women in Their 20s
Holiday
This Japanese Gift Wrapping Method Takes 15 Seconds
Holiday Living
40 Cheap and Easy Ugly Christmas Sweater DIYs

A Look Ahead: Shallower Bank Bonus Pools

Wall Streeters used to the unfathomably generous bonuses of years past will likely be facing lighter stockings (OK, direct deposits) this year. Goldman Sachs and Morgan Stanley employees are now employed by bank holding companies with payment structures closer to traditional commercial banks rather than investment banks, meaning Goldman's 2007 $12.1 billion bonus pool will be shallower in 2008.

The bonuses may be scaled down from past years, but employees will still receive bonuses bigger than what most of us outside the financial world will ever see. Goldman's bonus payouts last year averaged about $400,000 per person, while Citigroup paid its investment banking employees bonuses of about $100,000 per person. If Goldman employees are rewarded with a fraction of what they were accustomed to, it's not a bad chunk of change. Still, there's concern that New York's economy will suffer because of reduced spending on everything from housing to entertainment.

Source

NYC Requires Changing Tables in Men's Public Bathrooms
Halo Top Scoop Shop and Soft Serve
Is CBD Safe?
Fitbit Alta Tory Burch Bracelets
From Our Partners
Latest Afforable DIY & Organization
All the Latest From Ryan Reynolds