{"id":278999,"date":"2011-02-23T22:54:40","date_gmt":"2011-02-23T22:54:40","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/02\/23\/wall-street-cash-bonuses-down-9\/"},"modified":"2011-02-23T22:54:40","modified_gmt":"2011-02-23T22:54:40","slug":"wall-street-cash-bonuses-down-9","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/02\/23\/wall-street-cash-bonuses-down-9\/","title":{"rendered":"Wall Street cash bonuses down 9%"},"content":{"rendered":"<p><div readability=\"48.0720720721\">\n        \t\t  <span><br \/>\n    <span>23 February 2011<\/span><br \/>\n<span>Last updated at <\/span><span>17:54 ET<\/span><br \/>\n<\/span><\/p>\n<p>Cash bonuses for Wall Street bankers fell by 9% to an average $128,530 (\u00a379,259) in 2010, according to New York state Comptroller Thomas DiNapoli.<\/p>\n<p>&#8220;Cash bonuses are down, but that&#8217;s not an indicator of a weakness on Wall Street,&#8221; said Mr DiNapoli.<\/p>\n<p>He also said financial reforms meant a shift toward more deferred compensation and higher base salaries.<\/p>\n<p>And despite calls for restraint overall compensation, including stock awards, grew by 6% in 2010.<\/p>\n<p>&#8220;The industry&#8217;s greater emphasis on deferred compensation will hold down tax collections this year, but the state and the city will benefit in future years when taxes are paid on this deferred compensation,&#8221; said Mr DiNapoli.<\/p>\n<p>There was considerable outrage in the US last year when it was revealed that bankers cash bonuses rose by 17% in 2009, despite many financial institutions being bailed out by the taxpayer.<\/p>\n<\/p><\/div>\n<\/p>\n<p>Link:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-12562551\" title=\"Wall Street cash bonuses down 9%\" rel=\"noopener noreferrer\">Wall Street cash bonuses down 9%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 23 February 2011 Last updated at 17:54 ET Cash bonuses for Wall Street bankers fell by 9% to an average $128,530 (\u00a379,259) in 2010, according to New York state Comptroller Thomas DiNapoli. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-278999","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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