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London City bonuses expected to fall 60% - still 40% too high?

12 October 2008
By Paul Nikkel

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

2 comments

  • The B.
    [...] Street traders and City suits remain stressed and struggling through the banking crisis. But none have felt the economic impact [...]
    Reply ·
  • Chia Y.
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