Wall Street’s bonus picture for 2010 is not looking good.
Wall Streeters earned record bonuses of about $35 billion in 2006, and that eased down to about $33 billion in 2007 but dropped precipitously to $17 billion in the calamitous year of 2008. Total bonus compensation rose back to an estimated $20 billion last year and is projected to total about $18 billion this year, The Wall Street Journal reports.
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