Wall Street Pay Hits Record High -- What's Your Reaction?
"World News" wants to know what you think. Share your comments below.
Oct. 12, 2010— -- A year after President Obama's pay czar was charged with reviewing executive compensation, Wall Street workers have enjoyed record-high pay days this year, reports the Wall Street Journal.
According to the Journal, compensation will reach $144 billion this year at the top Wall Street firms, up $5 billion from 2009. Revenue is also rising, up 3 percent, according to the Journal's analysis.
Another big paycheck could also be coming. Some analysts suggest that Wall Street firms may give their employees bonuses in December instead of January. Such a move would likely help their employees avoid higher taxes, as the Bush administration's tax cuts expire on Jan. 1, 2011.
So with Wall Street pay reaching a record high, we ask you today: What's your reaction?
Reuters contributed to this report.