Wall Street Bonus Season Is In Full Swing : The Two-Way Experts expect bonuses to be down 5 to 10 percent, but to the layman the numbers still seem astronomical.
NPR logo Wall Street Bonus Season Is In Full Swing

Wall Street Bonus Season Is In Full Swing

Bloomberg reports that the Wall Street Bonus Season of 2011 will no doubt be a little off. Quoting an expert in compensation, they say most bonuses will be 5 to 10 percent lower than last year.

Still, for the layman, the bonuses still seem astronomical. Examples?

— JPMorgan plans to spend about $369,651 per employee.

— Goldman Sach's number works out to $430,700, a 14 percent drop from last year.

Bloomberg reports on executive compensation at one bank:

Citigroup Chief Financial Officer John Gerspach got $2.33 million and Vice Chairman Lewis Kaden received $4.29 million. Americas consumer banking chief Manuel Medina-Mora got $4 million. Mike Corbat, head of Citi Holdings, got $4.88 million, as did the bank's chief administrative officer, Don Callahan. The bank disclosed last year that Chief Executive OfficerVikram Pandit declined a 2010 bonus. Shannon Bell, a Citigroup spokeswoman, declined to elaborate on payouts.

Bloomberg did the math on the four biggest banks and their bonuses for this year will average of $141,192 per employee.