Wall Street firm Cahill announces mid-year bonuses
Cahill is set to award a mid-year bonus to all associates in the range of $5,000 to $25,000. The bonus comes after a record year for the Wall Street firm, with revenue jumping 20 per cent to $323.6 million, while average profits per partner jumped 27 per cent to $3.23 million.
Jonathan Schaffzin, a member of Cahill's executive committee, declined to comment on the bonus numbers. "We continue to appreciate the extraordinary efforts of our associates, and we'll continue to provide compensation commensurate to those efforts," he said, speaking generally.
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