Chairman and CEO Kevin Burke said he was returning the $314,000 bonus he was awarded.
Wall Street cash bonuses for 2012 are expected to rise 8 percent to $20 billion, partly driven by deferred payments from prior years, New York’s state comptroller said Tuesday.
The estimate of cash bonuses to New York City securities industry employees is down from what was actually paid in 2009.
Most attorneys admit it’s rare, but residents making even $500,000 a year are filing.
Auditors say the Turnpike Authority paid its employees $30 million in unjustified bonuses and squandered millions on health insurance while tolls increased.
Authorities said Local 148 of the Production Workers Union president Stephen Arena of Nesconset, N.Y., and secretary-treasurer David Caivano of Bloomfield, N.J., gave themselves unauthorized raises, bonuses and paid vacations.