And there may be others selling to lock in their gains to boost their year-end bonuses.
During Christmases past, many executives merrily deferred receipt of their big year-end bonuses.
London's booming high-end property market has hinged on U.K. bankers' year-end bonuses, which have historically fed down payments.
Probably from year-end bonuses, early dividend payments intended to avoid the 2013 tax increases, and 401(k) and other retirement accounts.
In addition to budget cuts and downsizing, the recession forced many businesses to cancel holiday celebrations and withhold year-end bonuses.
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Johnson Associates sees a 35% to 45% drop in year-end bonuses there.
He started his new London agency, the Red Brick Road, with five former colleagues, including three from Lowe London who left big year-end bonuses on the table to join Lowe, 66, before the end of 2005.
What about bankers in Manhattan or London who take home big year-end bonuses as a reward for having stocked their bank's vaults with the deposits of "high-net worth individuals" whose only known job has been with a government in another country?
Just check out this factoid from The Observer back in 2007 right when bonuses had reached record highs: In 2006, year-end Wall Street bonuses set cumulative and individual records.
Metropolitan Police Commissioner Sir Paul Stephenson has also called for an end to all bonuses for police officers.
Senior firm management will experience the next biggest drop in year-end pay with bonuses for 2011 down somewhere between 20% and 30%.
He will also boost taxes on financial income, scrap exemptions from the annual wealth tax, end stock options and cap bonuses.
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On Wall Street, fund managers calculated end-of-the year bonuses and holiday trips to the Caribbean Islands.
The rules would also "put an end to the culture of excessive bonuses, which encouraged risk-taking for short-term gains", he said.
Deciding on bonuses at year-end, rather than competing to make rash promises, would make risks easier to manage, and might also educate investors that their savings are not immune from market swings.
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The value of these deals can rise dramatically based on bonuses for tournaments won and year-end rankings.
The NHL's cap is more draconian than the one imposed by the National Football League, where teams can end-run the cap--at least for a while--with signing bonuses.
Think of what smaller or no bonuses will mean to the dog-walkers, toenail painters, personal trainers and high-end travel and real estate agents of Manhattan.
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