Banking Bonuses Rose 17% in 2009

Banking Bonuses Rose 17% in 2009Banking Bonuses Rose 17% in 2009Still, the northbound trend is good news for the good folks of the financial sector (if not a tad disheartening for those in other sectors still struggling and/or out of work), and this stat is an encouraging one as well Although securities firms cut 31,500 employees from November 2007 to August 2009, they increased their headcounts by nearly 4,000 from August 2009 through the end of 2009.Its also necessary to point out that many big chiefs did not take bonuses this year (including RBS CEO Stephen Hester who recently turned down more than a million pounds), meaning that the total Wall Street bonus number for 2009 couldve been $ignificantly higher.