No holiday cheer at The Real Deal: "Goldman Sachs and UBS earlier this month said they would forego bonus compensation for their top executives, and Citigroup's board of directors is expected to make a decision on bonuses in early 2009. Meanwhile, Morgan Stanley officials are expected to make a decision on bonus pay within the next few weeks, according to Wall Street sources. JPMorgan Chase declined to comment on the investment bank’s plans for bonus compensation. New York real estate experts say the loss of such compensation could devastate an already weakened market for luxury housing." [Real Deal]
Filed under:
Loading comments...