If you had to guess, how much do you think the average Wall Street bonus rose last year. Five per cent? Ten per cent?
Try a 20 per cent rise to $257,500, well above the 7 per cent annual inflation rate eating into ordinary workers’ wage gains and the highest average sum since the 2008 financial crash.
It is not much different elsewhere. In the UK, a raft of companies are braced for protests against bonuses that have already irked investors in everything from the Ocado online grocery group to Standard Chartered bank.
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