London City bonuses expected to fall 60% - still 40% too high?
The WSJ has an article stating City bonuses are likely to fall by 60% this year. The Centre for Economics and Business Research says this slump is "marking the emergence of a culture where bonuses will be smaller and based more on long-term results." As that indicates we are abandoning a culture where bonuses are larger and based on short-term results that must be a good thing...
Thanks to sadguysontradingfloors for the photo