Compensation: Time to Question What Is Big Enough: Yes, It's Bonus Time
Though the country is in recession, the public finance business looks great. Volume last year was up 43.2% and new-money underwriting spreads have stayed stable, so one would think that winter bonuses for market professionals would be big and beautiful. Not necessarily, according to sources. Firms with significant business outside of fixed income might not have done as well last year, and that can reduce the distribution for all divisions. Besides, when it comes to bonuses, "
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