Comment by throwaway2037

7 months ago

    > Wall Street pays cash.

If you are front office head count (sales and trading), then, at a certain level and beyond (probably ED/MD), you will receive a portion of your comp in RSUs. And, if you are a "material risk taker" (trader), there is also a claw back mechanism for those RSUs. (I don't know is senior sales are subject to claw backs.)