Johnson and Associates reported that on average Wall Street workers will get from 20 to 30% less in bonuses that last year due to the impact of tougher regulations since the financial crisis. Oh my, what will they ever do? Reuters says the bonuses are key for Wall Street folk, "Traders, bankers, and top executives typically receive base salaries of $100,000 to $1 million, but most of their compensations comes in the form of bonuses."
Here's an example. James Dimon, CEO of JP Morgan had a base salary last year of a paltry $1 million, plus a cash bonus of $5 million and stocks and options grants that took him to more than $20 million.
The financial crisis is really impacting these folk.
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