Bonus season may not be as merry as in past years as a new estimate from compensation experts say bonuses could drop as much as 15%.
The financial community may not have a happy holiday as this year's bonus season may not look anything like last year.consulting firm Johnson Associates is flashing a caution signal to fund managers, bankers and brokers when the time arrives for those annual checks.
Payouts for private-equity fund managers could drop as much as 15% this year compared with 2021 while public equities investment managers could endure cuts of as much as 25%, according to the Wall Street Journal. Investment bankers at the largest institutions stand to absorb the sharpest cuts of as much as 40%, the firm added.The forecast said the declines stem partly from inflated incentive payments coming out of last year's record level of activity for private equity, investment bankers and others on Wall Street.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UPDATE: Interstate 10 ramps at Jefferson Street closed overnight Nov. 15
Read more »
BetMGM Bonus Code NPBONUS: Grab a huge MNF bonusGet the BetMGM bonus code NPBONUS ahead of Monday Night Football, as the Eagles face the Commanders in an NFC East battle.
Read more »
Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Coinbase, AMD, Boeing & moreHere are the biggest calls on Wall Street on Monday, Nov. 14.
Read more »
Wall Street Reacts to Warby Parker’s Narrowed LossesCompany shares closed up 14.89 percent Thursday to $15.20 apiece.
Read more »
Wall Street ends lower as investors gauge Fed's policy pathWall Street's main indexes ended lower on Monday, with real estate and discretionary sectors leading broad declines, as investors digested comments from U.S. Federal Reserve officials about plans for interest rate hikes and looked for next catalysts after last week's big stock market rally.
Read more »
Margot Robbie almost quit acting after struggling with ‘Wolf of Wall Street’ fameRobbie was propelled to global stardom after starring in “The Wolf of Wall Street” in 2013.
Read more »