Cash Bonuses In Europe Hit 80%

21 Jan 2011

Some U.S. firms have been reportedly paying European staffers up to 80% of their bonuses in cash. Among them, JPMorgan has reportedly been paying some employees in a range of 40-80%. A JPMorgan spokesman declined comment, but an official with knowledge of the situation said the firm’s pay policy was not much different from other firms.

--Olivia Thetgyi

Some U.S. firms have been reportedly paying European staffers up to 80% of their bonuses in cash. Among them, JPMorgan has reportedly been paying some employees in a range of 40-80%. A JPMorgan spokesman declined comment, but an official with knowledge of the situation said the firm’s ...

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