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Wall Street Employees Grumble over Bonuses

HeadlineJan 11, 2010

In other economic news, Wall Street firms are preparing to give out billions of dollars in annual bonuses. The average employee at Goldman Sachs is expected to receive a bonus worth nearly $600,000. Many executives will earn far more. At JPMorgan the average bonus is expected to top $450,000. But the Wall Street Journal reports many employees at Goldman Sachs, JPMorgan and other firms are grumbling because much of this year’s bonus will be in stock instead of cash.

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