Bonuses on the slide

Wall Street had a terrible 2008. The devastation is reflected to some extent in the size of bonuses on offer from America’s financial institutions. The average reward for a job well done is likely to be a little over $110,000 compared with around $175,000 in 2007. Although it is always wise to take measures to hang on to talent when times are tough, critics may well suggest that still-hefty bonus payments fail to reflect the full horror of Wall Street’s decline.

Do we think that Wall Street deserved 18.4 billions in Bonuses after such a “fantastic” job !!!???