Wall Street Bonuses Could Lift Retail

January 2010
WWD: Women's Wear Daily;1/26/2010, Vol. 199 Issue 17, p18
Trade Publication
The article focuses on how bonus payouts in the U.S. financial sector will help the high end retailers. It is said that bank executives will receive billions of dollars in bonuses and it will boost sales of retailers. Total compensation at J.P. Morgan Chase & Co., The Goldman Sachs Group Inc. and Bank of America Corp. increased by 43.4% in 2009. According to U.S. President Barack Obama, if banks can afford massive bonuses, then they must payback the money they received in form of bailouts.


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