Banker Bonuses See Major Comeback

Wall Street profits and pay roared back in 2009 after the worst year on record, according to a new report by New York State Comptroller Thomas DiNapoli. Bonuses rose 17 percent to $20.3 billion in 2009, with compensation at Goldman Sachs, Morgan Stanley and JPMorgan Chase rising as much as 31 percent. Overall, compensation at Wall Street firms rose 27 percent to an average of $340,000. The average taxable bonus rose to $123,850. The annual report only calculates compensation and bonuses...Full Story
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