Pigs Are Trying to Beat the Clock
This comes to you via WSJ:
Wall Street bonuses may come early this year.
With the specter of higher taxes looming in 2011 and banks still reeling from last year’s U.K. bonus tax, executives at some financial-services companies are considering whether to pay year-end bonuses, traditionally doled out starting in January, sooner.
Managing directors at Credit Suisse Group in London learned last Wednesday that they would receive a late-summer reward that will restore at least some of the money they sacrificed last year when the bank cut payouts in response to the one-time U.K. bonus tax.
The bank will pay a midyear bonus on Sept. 1 …