Another looming battle over big bonuses? Doubtful

Breakingviews.com notes that the return of the super-sized bonus is at hand. Some big banks are mending, and TARP funds are being paid back. So we'll likely see Wall Street firms revert to big bonuses. At places like Goldman Sachs, JPMorgan Chase and Morgan Stanley it will be hard to tamp down bonuses as their bottom lines recover.

But there have been some changes that just might keep the critics at bay. Some have adopted clawbacks and other changes designed to hold critics at bay to some extent. The real wild card is populist and Congressional anger. But I see the issue re-igniting only if these bonuses are paid out while the banks are tanking. As long as they continue to mend and not require more taxpayers funds, I really think the green light is all theirs. The only company where big bonuses might be a strict no-no is Citigroup. 

For more:
- here's the article

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