Wall Street bonus season’s trickle-down


Marketplace covers the businesses who are indirect beneficiaries of the Wall Street bonus season. Ted Fisher, who sells custom-tailored clothing, sees 35 to 40% of his business come in during the three months of bonus season. I suspect business near Redmond are similarly affected by Microsoft review season, though perhaps not as much now as before.

Comments (10)
  1. Wesner Moise says:

    Microsoft’s review season doesn’t make a dent with its small percentage bonus and single company presence. What’s probably has more of an impact are peaks in the stock price.

    Wall Streeters earn several times more in bonuses than in salaries. Even for someone making in the upper half of the six figures, the salary is often around 100K.

  2. Just curious says:

    "though perhaps not as much now as before".

    Before what?

  3. Nathan says:

    Is this any different than the mad-rush feeding frenzy of spending that happens when, say, the Alaska resident oil revenue checks go out ?

  4. Cooney says:

    Before what?

    Before the Jackson smackdown?

  5. Igor Levicki says:

    "I suspect business near Redmond are similarly affected by Microsoft review season, though perhaps not as much now as before."

    I read the above sentence as "I suspect business near Raymond are similarly affected…" :-D

  6. dsn says:

    Wait, Microsofties spend their bonuses on custom tailored clothing?  Company polo shirts aren’t good enough for them?

  7. I suppose it’s silly to point out that 35% to 40% isn’t all that far away from the expected 25% of income generated in three months out of the year… especially if those three months include the holiday giving season.

    (In other news, 40% of sick days are being taken on Mondays and Fridays!)

  8. GregM says:

    Yes, it is silly to point that out.  If you take the higher number, then those 3 months get 40% of the year’s business.  Then, assuming business is spread evenly over each of the other 3 month periods, they each get 20% of the year’s business.  So, business doubles during those 3 months.

  9. Cooney says:

    Wait, Microsofties spend their bonuses on custom tailored clothing?  Company polo shirts aren’t good enough for them?

    No, they buy ridculously expensive cars and houses for cash (if they got in early enough).

  10. Amit says:

    Does it matter that the linked article is from last year? :)

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