Summary Box: Wall Street Bonuses To Drop 14 Pct

By Salon Staff

Published March 1, 2012 2:09AM (EST)

NEW YORK (AP) — BIG DROP: New York state Comptroller Thomas DiNapoli said Wall Street cash bonuses for 2011 are expected to drop 14 percent and profits are expected to drop by half for the second year in a row.

AVERAGE SLIDES: The average cash bonus is expected to be $121,150 for 2011, down from $138,940 in 2010. Bonuses peaked in 2006 at $191,360.

LONG-TERM REWARDS: DiNapoli said the data show a continued rise in deferred compensation, which will spread bonuses out of several years

Salon Staff

MORE FROM Salon Staff

Related Topics ------------------------------------------