By SUSANNE CRAIG
"These are not boom times for financial firms. Trading is down and new regulations threaten to take a bite out of future profits. Some firms have been handing out pink slips. Morgan Stanley even posted a loss in its last quarter.
Yet Wall Street pay seems to defy gravity: Bonuses will be up this year, according to a study to be released on Thursday by a Wall Street compensation expert, Alan Johnson. The survey shows that overall compensation in financial services will rise 5 percent this year, with employees in some businesses like asset management getting increases of 15 percent.
"I did not expect compensation would come back the way it has," Mr. Johnson said. "I underestimated the industry's resiliency."
One does not have to look far to see that Wall Street has found its stride again."
YOU see my friends QE is working....
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