Bonus Babies

October 27, 2005
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The third quarter drop played out in the press with ominous, bubble-bursting headlines. But high-end brokers always find a way to look on the bright side, and are now hotly anticipating positive news from Wall Street.

A few weeks ago, Jonathan Miller discussed the possibility of record-breaking bonuses on Wall Street. And today in The New York Sun, David Lombino finds brokers anxiously waiting for such favorable news (sub req).

“Their bonuses are our bonuses," a broker for the Corcoran Group, Wilbur Gonzalez, said.

Now, if only Mr. Gonzalez can find some young trader with a bonus-to-burn to grab Courtney Love’s Soho loft off his hands.

-Michael Calderone

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