Wall Street bonuses may fall 30-40% in 2020 - expert's report
Share:
NEW YORK (Reuters) - Wall Street bonuses for this year could fall by as much as 30-40% because sharp declines in the stock market and other hits to banks' revenues, according to a report from compensation expert Johnson Associates, Inc.Johnson Associates director Alan Johnson predicted leadership and staff changes at many firms will accelerate this year, particularly as growth at private equity and venture capital firms slows, according to the report.Johnson said in a presentation that his..