135 Billion: Wall Street Compensation for 2010February 2, 2011 8:24 pm
There are two types of people in the world- the people making the bonuses and the ones who talk about it. The 2010 numbers are out, Wall street execs made a total of 135 Billion USDs in 2010 in compensation and benefits.
The increase was fueled by a revenue rebound as the financial crisis recedes in the rearview mirror. At 25 large financial firms that have reported full-year results, revenue rose to $417 billion, another all-time high, even though last year’s 1% increase was just a fraction of the industry’s revenue jolt from 2008 to 2009 as trading and investment banking sprang back to life.
Statistics Source: WSJ