Wall Street cash bonuses hit post-crisis high, says NY

The cash bonus pool grew to $26.7B in 2013, pushing the average cash bonus to $164,530, according to New York state's comptroller office. The boosted payouts came as profits at broker-dealer operations fell 30% to $16.7B (so cash bonuses exceeded profits?).

The office's estimate is not exact as it only includes bonuses paid in NYC, and excludes stock options and other forms of deferred compensation.

Related ETF: IAI

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