Top performing traders will devour the largest slice of this year’s reduced bonus pool, their overall compensation worth multimillions of dollars.
The New York Post repost that the top traders on the most profitable trading desks will see their bonuses skyrocketing by as much as 50 percent from 2013 levels in a new formula that sees fellow traders with smaller trading profits being docked a similar stunning proportion, according to a Wall Street recruiter.
'The No. 1 thing I have noticed is the spread between the haves and have-nots this year,' said Peter Tannenbaum, CEO of Ramax Search, which places professionals at banks, brokerages, hedge funds, private-equity firms and other parts of the Street.
Hit the link below to access the complete New York Post article: