Wall Street bonuses jumped 17% after bailouts

(Raw Story) — Bonuses paid to Wall Street securities industry employees in New York rose 17 percent to $20.3 billion in 2009, state officials said Tuesday.

New York State Comptroller Thomas DiNapoli said total compensation at the largest securities firms grew even faster and industry profits could hit a record amount after unprecedented losses in 2008.

via Wall Street bonuses jumped 17% after bailouts | Raw Story.

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