Wall Street bonuses fell 14% in 2011

Wall Street’s cash bonus pool fell by 14 percent last year to $19.7 billion, the lowest since 2008, as the securities industry shed thousands of jobs, according to projections by New York state Comptroller Thomas DiNapoli. Employees took home an average cash bonus of $121,150 in 2011, DiNapoli’s office calculated in a report based on…
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