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Jan 30, 2009

FBN panel discusses Wall Street bonuses

FOX Business Network tackled the Wall Street bonus controversy from a new angle. 
The issue has angered many Americans and even prompted the president to call the high compensation of executives "shameful." But a panel of experts tried to put the bonuses into perspective for viewers.
Panel members discussed the fact that Wall Street bonuses sometimes make up as much as two-thirds of an employee's total compensation. In investment banking, for example, bonuses are like a commission that is directly tied to revenue. Because of the recession and declining revenues, the bonus pool on Wall Street has actually declined about 44 percent in just one year. 
The panel added the bonus issue is highly complicated and should not be used by politicians to create "class warfare." 
To view the segment click here.

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