Compensation Report: Merrill Bonuses to Be Halved?
December 3rd, 2008
Many bankers are expecting the worst as bonus season approaches and news has potentially leaked from Merrill Lynch that its bonus pool will drop by 50% this year. Still, Bloomberg attempts to offer an encouraging note: “Even if Merrill set aside nothing for compensation in the fourth quarter, the firm’s 60,900 employees still would reap an average of $184,000 in compensation and benefits for the full year.” Of course, this would only be encouraging if your bonus was less than the average last year; it is doubtful that the average MBA at Merrill earned less.
Posted in Blogroll, Compensation Report