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It’s a tale of two Wall Streets.

Hundreds of thousands of junior bankers are cutting back after their bonuses were a bust this year.

But the very top of the 1% is living large thanks to the stock market surging and Bitcoin soaring meaning their inflation-beaten bonuses didn’t affect their wealth.

Official figures show that the average Wall Street bonus for 2023 was $176,500, compared to $180,000 for 2022. Thanks to inflation, that 2% decline is even more painful.

Given roughly 1 in 11 people in New York is employed in some capacity by a financial firm, according to data from the comptroller, any changes in Wall Street compensation can have an outsized impact on the rest of the city.

Bonuses are doled out at the end of the year and typically make up the majority of someones total compensation.

For instance, a managing director at a top firm could make a salary of $500,000 or more and in a good year nab a bonus of a million dollars or more.

But a first or second year analyst at a top firm who makes around $110,000 in salary saw their bonus fall as low as $30,000 or even zero compared to the $100,000 they expected.

And vice presidents at large firms whose salaries are usually between $200,000 and $250,000 and who had expected at least the same in bonus are also complaining that they have been getting closer to $100,000. After tax, the bonus is just over $50,000.

One vice president at a large firm who has a one bedroom in the West Village, albeit a walkup, said after receiving even less this year than he did last year, he has tried to scale back the number of times he eats out to two nights a week instead of three or four.

At his favorite spots Carbone where branzino costs $95, Dantes where veal Milanese is $60 and Saint Theos where lamb chops are $68 a dinner tab can quickly balloon to $300 or more and a drinks tab can easily hit $100 for a date. 

Hank Medina, who runs social media account Litquidity, with more than 840,000 followers on Instagram, said junior employees had a brutal year” and are re-evaluating a career in finance.

Medina told The Post he has gotten hundreds of messages from junior bankers saying they “are unhappy and are going to leave” as a result of the stingy payout.

Some executives who’ve spent decades on Wall Street said they are sympathetic to younger employees who worked hundred hour weeks in the hopes of getting a big payout only to be stiffed.

“First year employees are only making a $100,000 salary in New York City. They rely on a decent bonus to pay their rent,” a source in his 60s, who has been working as a banker for four decades, said.

The source, who noted the median Manhattan rent is $4,257 according to a StreetEasy study from February said he “felt for the kids.”

While these senior executives may pity the rank-and-file, many of them are celebrating their own financial wins.

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Those who have spent decades in finances saw their personal assets which are often in the tens of millions yield more profit than they wouldve made on a bonus in a good year, sources told The Post.

Over the last year, the S&P 500 has climbed 30%, the Nasdaq index has soared 38% and Bitcoin – which some of the richest have invested in has jumped 159% to more than $73,000 at its apex.

The wealthiest are also benefiting from some deflation.

For instance, chartering a Gulfstream at the height of covid was $15,000 an hour whereas now its closer to $12,000 an hour.

But the bonus malaise was enough to push some executives to cut back where they could.

Kaye Gitibin — CEO of luxury car service Go Rentals that will deliver a swanky car directly to customers at private jet terminals and yacht marinas so they don’t have to deal with a regular rental service said people won’t give up luxury and convenience but want to cut costs where they can.

If a client was renting a Range Rover HSE a few years ago theyre now renting a Range Rover sport which is $50 less a day, Gitibin said. If they were renting an Escalade they’re now renting a Denali.

This year people are now going on a ski weekend five or six times not seven or eight times — and staying at home the other weekends, Doug Gollum, founder and editor of Private Jet Card Comparisons, a buyer’s guide to jets said.

Jim Murren, CEO of Ritz-Carlton’s “yacht collection” which offers high-end cruises starting at $2,000 a day and is fully booked through the summer said people are still prioritizing spending on vacations but are paring back in other areas.

What weve learned is people are spending money differently, he told The Post. Consumables have been negatively impacted by a small bonus pool but the desire for experiences has not been impacted.

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Marchand’s OT score cuts Panthers’ deficit to 2-1

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Marchand's OT score cuts Panthers' deficit to 2-1

SUNRISE, Fla. — Brad Marchand scored on a deflected shot at 15:27 of overtime and the Florida Panthers beat the Toronto Maple Leafs 5-4 on Friday night to cut their deficit in the Eastern Conference semifinal series to 2-1.

Aleksander Barkov, Sam Reinhart, Carter Verhaeghe and Jonah Gadjovich scored for Florida, which got 27 saves from Sergei Bobrovsky. Evan Rodrigues had two assists for the Panthers. They 13-2 in their last 15 playoff overtime games.

John Tavares scored twice, and Matthew Knies and Morgan Rielly also scored for the Maple Leafs. Joseph Woll stopped 32 shots.

Game 4 will be in Sunrise on Sunday night.

Florida erased deficits of 2-0 and 3-1, and that’s been almost impossible to do against Toronto this season.

By the numbers, it was all looking good for the Maple Leafs.

  • They were 30-3-0 when leading after the first period, including playoffs, the second-best record in the league.

  • They were 38-8-2, the league’s third-best record when scoring first.

  • They had blown only 11 leads all season, none in the playoffs.

  • They were 44-3-1 in games where they led by two goals or more.

Combine all that with Toronto having won all 11 of its previous best-of-seven series when taking a 2-0 lead at home, Florida being 0-5 in series where it dropped both Games 1 and 2, and leaguewide, teams facing 0-2 deficits come back to win those series only about 14% of the time.

But Marchand — a longtime Toronto playoff nemesis from his days in Boston — got the biggest goal of Florida’s season, rendering all those numbers moot for now.

The Leafs got two goals that deflected in off of Panthers defensemen: Tavares’ second goal nicked the glove of Gustav Forsling on its way past Bobrovsky for a 3-1 lead, and Rielly’s goal redirected off Seth Jones’ leg to tie it with 9:04 left in the third.

Knies scored 23 seconds into the game, the second time Toronto had a 1-0 lead in the first minute of this series. Tavares made it 2-0 at 5:57 and just like that, the Panthers were in trouble.

A diving Barkov threw the puck at the night and saw it carom in off a Toronto stick to get Florida on the board — only for Tavares to score again early in the second for a 3-1 Leafs lead.

Florida needed a break. It came.

Reinhart was credited with a goal after Woll thought he covered up the puck following a scrum in front of the net. But after review, it was determined the puck had crossed the line. Florida had life, the building was loud again and about a minute later, Verhaeghe tied it at 3-3.

Gadjovich made it 4-3 late in the second, before Rielly tied it midway through the third.

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Vegas’ Roy dodges suspension for G2 cross-check

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Vegas' Roy dodges suspension for G2 cross-check

NEW YORK — Vegas Golden Knights forward Nicolas Roy was fined but not suspended Friday for cross-checking the Edmonton OilersTrent Frederic in the face in overtime of Game 2 of the teams’ second-round playoff series.

The NHL Department of Player Safety announced the fine of $7,813, the maximum allowed under the collective bargaining agreement, after a disciplinary hearing with him.

Roy attempted to play the puck while it was airborne but made contact with Frederic’s head instead, resulting in a laceration for the Oilers forward.

Frederic briefly exited the game before making a quick return to the ice. Edmonton, however, failed to capitalize on the ensuing five-minute power play but won not long after on a goal by Leon Draisaitl from Connor McDavid.

Vegas trails the best-of-seven series 2-0 with Game 3 on Saturday night at Edmonton.

Information from The Associated Press and Field Level Media was used in this report.

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Red Sox’s Henry, disgruntled Devers have sit-down

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Red Sox's Henry, disgruntled Devers have sit-down

KANSAS CITY, Mo. — Boston Red Sox owner John Henry met with disgruntled star Rafael Devers on Friday afternoon, making a rare trip to meet the team on the road after Devers expressed disillusionment with the organization’s suggestion he switch positions for the second time in two months.

Joined by Red Sox chief baseball officer Craig Breslow and president Sam Kennedy, Henry flew to Kansas City on Friday to address the firestorm after Devers objected to moving from designated hitter to first base after Triston Casas‘ season-ending knee injury.

Devers, who signed a 10-year, $313.5 million contract with Boston in January 2023, told reporters Thursday that he would not move to first base and criticized Breslow, saying: “I don’t understand some of the decisions that the GM makes.” During spring training, Devers said he did not want to move off third base — the position he had played in his first eight major league seasons — after the free agent signing of reigning American League Gold Glove winner Alex Bregman. Eventually, Devers agreed to become Boston’s DH, where he has played in each of the team’s 40 games this season.

Devers met with Henry and manager Alex Cora before Friday’s game and had what Breslow deemed “an honest conversation about what we value as an organization and what we believe is important to the Boston Red Sox.” The Red Sox have been using Romy Gonzalez and Abraham Toro — both utility men — to plug the hole at first base amid a 20-19 start.

“He expressed his feelings. John did the same thing,” Cora said. “I think the most important thing here is we’re trying to accomplish something big here. And obviously there’s changes on the roster, situations that happened, and you have to adjust.”

Breslow had introduced the possibility of moving to first base to the 28-year-old Devers, a three-time All-Star who, after a poor start, entered Friday’s game against the Kansas City Royals hitting .255/.379/.455 with 6 home runs, 25 RBIs and an AL-leading 29 walks.

Devers did not take kindly to the idea, saying Thursday: “They told me that I was going to be playing this position, DH, and now they’re going back on that. So, I just don’t think they stayed true to their word.”

The pointedness of Devers’ comments prompted Henry, who declined to comment, to fly halfway across the country and attempt to put to bed issues that have festered since spring training.

The signing of Bregman, who has been the Red Sox’s best player, accelerated moving Devers off third base, which evaluators long thought was an inevitability, even with his improvements at the position. First base had been viewed as his likeliest landing spot, but the presence of Casas pushed Devers to DH, a move he rebuffed at first before eventually complying.

Devers’ disappointment during the spring, sources said, stemmed from feeling blindsided by the lack of communication regarding the initial position switch.

“It’s my job to always put the priorities of the organization first,” Breslow said, “but I should also be evaluating every interaction I have with players, and I’ll continue to do that.”

Whether Devers eventually accepts moving to first — which could free up a lineup spot for Roman Anthony, the top prospect in baseball, or incumbent DH Masataka Yoshida after he recovers from offseason shoulder surgery — is a “secondary” issue at the moment, Breslow said.

“That decision was never going to be made on a couch in an office in Kansas City,” he said, “and that conversation is ongoing. The most important thing here is we believe that we’ve got a really good team that’s capable of winning a bunch of games and playing meaningful games down the stretch. That’s what we need to remain focused on.”

Added Cora: “The plan is to keep having conversations.”

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