Survey: Bonuses for Wall Street, not Main Street

Few workers on Main Street will see a bump in their holiday bonuses this year while Wall Street bankers are expected to enjoy record year-end bonuses, according to a new survey.

The survey is from Challenger, Gray & Christmas Inc., a Chicago-based outplacement consultancy.

A bright spot: Only 3 percent of the companies that responded to the survey indicated that they were canceling bonuses for 2007, the firm said.

Conducted by e-mail in October, the survey looked to contact 700 human-resource executives in a variety of industries nationwide, and about 100 responded, Challenger, Gray said.

The firm added that 28 percent of the employers surveyed said they don't award bonuses.
(By Chris Reidy, Globe staff)