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发帖数: 5245 | 1 Wall Street pays out blns in record compensation: report
(AFP) – 2 hours ago
http://www.google.com/hostednews/afp/article/ALeqM5iUGzM5hXrABXCRo-2ChHDxbmd63g?docId=CNG.fe2092e7da2bec8f81b505052b734e56.101
WASHINGTON — Financial institutions on Wall Street are preparing to pay a
record 144 billion dollars in compensation and benefits, according to a
study published Tuesday in the Wall Street Journal.
The payout, covering bonuses, premiums and stock options for the firm's
executives and employees, is a four-percent raise over the previous record
139 billion dollars that was handed over in 2009, said the financial daily.
The study, which covers 35 Wall Street firms -- including banks, investment
banks, hedge funds and money managing groups -- found that 29 of the
institutions were also expected to see revenue rise by three percent, from
433 to 448 billion dollars.
The 2010 profit for the firms of some 61 billion dollars is still a 20
percent decline on the 82 billion dollars in 2006 -- despite in that time
compensation at the institutions soared 23 percent, according to the Journal.
Wall Street banks and funds have already come under withering criticism for
their actions during the 2008 financial crisis and faced the fury of the US
public for paying out huge bonuses even though some were propped up by
taxpayer funds to keep afloat.
In June US authorities announced guidelines aimed at countering pay and
bonus practices blamed for the excessive risk taking that fueled the global
financial crisis.
The rules, however, did not prohibit any specific forms of payment for
incentive compensation or establish mandatory compensation levels or caps. |
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