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Wall St. Bonuses Expected to Fall 20-30 Percent

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NEW YORK, NY - NOVEMBER 01: Traders work on the floor of the New York Stock Exchange before the closing bell on November 1, 2011 in New York City. U.S. stocks and global markets fell sharply Tuesday following news that Greece's prime minister has called for an unexpected public vote to approve Europe's debt deal. The Dow Jones industrial average (INDU) finished 297 points lower. Leaders of France and Germany, the architects of the Greek rescue plan, have scheduled an emergency meeting after Greek Prime Minister George Papandreou called for the referendum. (Photo by Spencer Platt/Getty Images)
Occupy bonuses. Photo: Spencer Platt/2011 Getty Images

The top one percent will get a little less one percent-y this bonus season: According to a compensation survey, Wall Street bonuses are set to fall by an average of 20 to 30 percent this year compared with the last, DealBook reports. Traders and investment bankers will see the largest drops in pay, particularly fixed-income employees. We boldly predict that Occupy Wall Street protesters will not be disheartened by this news.

Sources

DealBook/NYT

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Wall St. Bonuses Expected to Fall 20-30 Percent