Bloomberg News is predicting the five biggest U.S. securities firms will pay almost $38 billion in bonuses this year, or $201,500 per worker, a record. The real estate market has been anxious about the bonuses as the subprime mortgage meltdown and the credit crunch have wreaked havoc this year. Securities shareholders are having their worst year since 2002, losing $74 billion of their equity.
Wall Street expects record bonuses
November 20, 2007 10:43AM
