Ilya Marritz covers business for WNYC.
Ka-Ching! Bigger Bonuses on Wall Street
Wednesday, March 12, 2014
On Wall Street, it's the best season for bonuses since the great recession.
New figures from New York State Comptroller Thomas DiNapoli show workers in the securities industry received an average bonus of $164,530 at the end of 2013.
It's the highest average bonus since 2007.
In total, the bonus pool grew by 15-percent to $26.7 billion dollars in cash payments and deferred compensation.
DiNapoli said the city is poised to bring in an addition $100 million in tax revenue because it projected smaller bonuses.