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Wall Street expecting worst bonuses since 2008

Posted By -NO AUTHOR- On 12/10/2012 @ 1:46 am In Money | No Comments

(NYPOST) — It’s a cash crash!

With the economy still struggling, Wall Street workers are expecting the worst bonus season since the crash of 2008.

State Comptroller Thomas DiNapoli estimates that the average bonus this year will be $101,000 — a 16.5 percent decline from last year and almost a 50 percent decline since 2006, when the average was $191,360.

‘‘I don’t think this year’s bonuses are going to be very good,’’ said Dan Shaffer, CEO of Shaffer Asset Management. ‘‘I don’t believe the typical bonuses, as we used to know them, exist anymore.’’


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