“Wall Street Pay: A Record $144 Billion”
In the October 11, 2010 issue of The Wall Street Journal, Booz & Company Partner Roman Regelman (North America) said that despite pay on Wall Street, now on pace to break a record high for a second consecutive year, increasing regulations will hamper overall compensation looking forward. “I see a flat outlook over the next couple of years” on pay, said Regelman, adding that more regulations in high-profit businesses like derivatives will continue to cut into traders’ pay. Other experts agreed there are signs that pay might slow down in coming quarters with new rules underway about how much capital banks must hold forcing Wall Street to cut back on compensation in an effort to preserve returns on equity for shareholders.