Wall Street Employees Threaten To Quit If Bonuses Aren’t Up To Snuff
The Huffington Post Jillian Berman
First Posted: 1/9/12 09:59 AM ET Updated: 1/9/12 01:57 PM ET
For some on Wall Street, a less-than-stellar bonus is simply too much to bear.
Brokerage executives at one Wall Street firm, Jefferies Group, have threatened to leave the company if their bonuses aren’t up to par with other firms, the New York Post reports. Though some particularly stellar employees may be able to eventually convince their bosses to give them a bigger share of the bonus pie, nervousness surrounding dismal job prospects on Wall Street will likely keep most bankers quiet.
“It’s a terrible time to be an employee,” Robert Ottinger, a New York-based compensation lawyer told the NYP. “Employers know they have all of the power.”