Julie London on sinking Wall Street bonuses: Cry me a river

Wall Street Bonuses Are Expected to Sink for 3rd Straight Year.  (The New York Times, 11/6/2016)

More pity parties to come.  “I don’t see it changing for the next year or two, either,” he [Alan Johnson, the founder of Johnson Associates] said in a phone interview. “The pressures in the industry on profit and fees are going to continue, and I think pay will likely continue to decline in 2017.”