Wall St. Bonuses Boom; Luxury Sales Are Proof

A year ago, plunging stock portfolios and massive layoffs dampened year-end bonuses on Wall Street, forcing high-flying traders and hedge fund managers to put a lid on lavish spending. But with the stock market up sharply and financial firms from Goldman Sachs to Bank of America once again reporting soaring profits, big bonuses are expected to return to Wall Street. Not all financial firms will be doling out big bonuses, of course. Just last week the Obama administration's pay czar, Ken...Full Story
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