{"id":14084,"date":"2020-06-24T05:32:00","date_gmt":"2020-06-24T02:32:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/wall-street-bonus-forecast-not-as-dire-as-in-may\/"},"modified":"2020-06-24T05:32:00","modified_gmt":"2020-06-24T02:32:00","slug":"wall-street-bonus-forecast-not-as-dire-as-in-may","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/wall-street-bonus-forecast-not-as-dire-as-in-may\/","title":{"rendered":"#Wall Street bonus forecast not as dire as in May"},"content":{"rendered":"

“#Wall Street bonus forecast not as dire as in May<\/strong>”<\/p>\n

\n
\n
\n

June 23, 2020 |<\/span> 10:32pm <\/p>\n

\n With the economy slowly bouncing back from coronavirus quarantines, Wall Street bonus season is shaping up to be less of a nightmare and more of a very bad dream.<\/p>\n

The latest survey by compensation consultant Johnson Associates predicts that financial services pay will be slashed by 15 percent to 20 percent in 2020 \u2014 a vast improvement from the 30 percent cuts the same survey predicted in mid-May.<\/p>\n

\u201cWe\u2019ve dug halfway out of the hole,\u201d the report\u2019s author, Alan Johnson, told The Post. \u201cBut that said, after a pandemic and the social<\/a> unrest, it\u2019s going to be an emotion-filled end of the year.\u201d<\/p>\n

Adding to the year-end drama, Johnson said, will be an uptick in pink slips, as Wall Street looks to cut costs in the aftermath of the pandemic, which is expected to lead to a decline in business for retail and investment bankers thanks to rising loan defaults and a frozen M&A landscape.<\/p>\n

\u201cRetail bankers, in particular, will be way off this year,\u201d mused Johnson, \u201cwhich tells you how weird this year will be, as that sector is usually very stable.\u201d<\/p>\n

One group that can relax a bit are the traders, who stand to ride a surging stock market to stellar year-end results if prices remain buoyed by Federal Reserve cash and positive sentiment that a COVID-19 vaccine will be discovered in early 2021.<\/p>\n

\u201cTraders will do well,\u201d said Johnson, referring to the dueling realities of the stock market and the economy.<\/p>\n

Johnson\u2019s report also predicts that the Black Lives Matter movement could have real impact on year-end pay considerations, with executive compensation and pay ratios being looked at through a new diversity lens as financial firms reckon with racial inequities within their own walls.<\/p>\n

\u201cThis is not a year to be tone deaf,\u201d Johnson said.\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Source<\/a><\/span><\/p>\n

\n

If you want to read more Business News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

if you want to watch Movies<\/a> or Tv Shows go to Dizi.BuradaBiliyorum.Com<\/a> <\/span> for forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

“#Wall Street bonus forecast not as dire as in May” June 23, 2020 | 10:32pm With the economy slowly bouncing back from coronavirus quarantines, Wall Street bonus season is shaping up to be less of a nightmare and more of a very bad dream. The latest survey by compensation consultant Johnson Associates predicts that financial…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[26730],"class_list":["post-14084","post","type-post","status-publish","format-standard","hentry","category-general","tag-wall-street-bonus-forecast-not-as-dire-as-in-may"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/14084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=14084"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/14084\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=14084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=14084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=14084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}