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(Solved) : Years Ago Sullivan Cromwell Announced Year End Bonuses Would Cut Half Maximum 17 500 Early Q34277513

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Answer to A few years ago, Sullivan & Cromwell announced that year-end bonuses would be cut in half, with a maximum of $17,500 for…

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A few years ago, Sullivan & Cromwell announced that year-endbonuses would be cut in half, with a maximum of $17,500 forearly-career associates and $32,500 for eighth-year associates. Inthe following two years, bonuses were cut further. However, thetrend was then reversed with bonuses subsequently being increased(to range from $30,000 to $65,000 for associates), and morerecently, as Exhibit 1 shows, there are further increases inbonuses. What drives these bonus decisions and how they vary overtime? How does this bonus variability over time compare tovariability in salaries over time at Sullivan & Cromwell? Whatexplains the difference in the way salaries and bonuses are managedover time?